Lakedog
Full time employment: Posting here.
- Joined
- May 23, 2007
- Messages
- 986
Buffett buys into KMI ...
Guess he doesn't agree that it is "on the road to disaster"...
Buffett buys into KMI ...
Buffett buys into KMI ...
Buffett buys into KMI ...
Devon getting crushed. Cut dividend by 75% and now issuing 1.2b new equity.
O.K. I've looked at more details about AMLP. While it has an expense ratio of 5.4%, it uses most of that to cover taxes. Only about .85% is for management fees. However, it is not run as a typical ETF, but rather, as a corporation. I can't figure out, so far, if SEC oversight is the same for this sort of investment vehicle or does it have less oversight being run as a corporation?
Also, Mstar rates it as 2 stars, some reports suggest that it lags its peers by 3%. However, that appears to be to be from the convenience of this corporation taking care of all the K-1s that would be necessary, had it been a bunch of MLPs. Seems kind of attractive to me now. Not for $200K, but maybe for $10-15K size.
So has David Tepper. He also bought AMLP and a few other MLPs.
Buffett And Tepper Buy Stakes In Kinder Morgan - Kinder Morgan, Inc. (NYSE:KMI) | Seeking Alpha
Tepper makes big bets in Kinder Morgan, Energy Transfer, Williams Partners
AMLP going up pretty fast this week. I think the announcement by SA and Russia may have set a floor on MLPs if not oil...
Now my problem might change into one of getting as many shares as possible while its still low... I have 19,280 shares right now.
The direction today didn't help AMLP....
I bought ERX at the close. We are going to ping pong around for quite a while.
AMLP ... I like your thesis. It's just gonna take a lot of patience - a couple years - even to get to your break-even let alone some real gains.
Do you have a target price to sell ?
Given the impact that this worldwide pumping is having on the price of oil, effecting global markets and hurting US shale companies, I don't see why the US should not declare a moratorium on purchasing any foreign oil. Seems to me that would cause further woes for the Saudis who seem to be waging an oil war on the US. Thoughts?
Given the impact that this worldwide pumping is having on the price of oil, effecting global markets and hurting US shale companies, I don't see why the US should not declare a moratorium on purchasing any foreign oil. Seems to me that would cause further woes for the Saudis who seem to be waging an oil war on the US. Thoughts?
Thanks aja for the detailed answer. Certainly more going on here that I was not aware of, and unfortunately it looks like no easy way to turn this situation around, but I do wish we would at least do something to send a message to the Saudis in particular.
Our biggest import of crude is from Canada and then Mexico. Saudi's are third I think.
Agree! Certainly politics has never been a part of the oil industry.How about leaving the politics out of the discussion, eh?