Buffet apparently is nibbling on oil now.... Buffett finds value as oil sinks Buffett finds value in oil wreckage
Mathjac107 wrote kmi just took another hit . 13.02 . irt was 60 bucks 1 year ago
I pretty sure it top out at about 44 bucks.
http://finance.yahoo.com/echarts?s=KMI+Interactive#{"range":"2y","allowChartStacking":true}
i wouldn't be surprised to see kmi a 10 buck stock before things end .
exactly , and at these levels of oil pricing that is all they are worth . perhaps less if financing and cash flow become issues .
don't forget these stocks are still selling for many multiples of current earnings . unless prices pick up in oil by a lot they are not even worth this much .
Volatility can be our friend. Don't ever touch the long term stuff.
1200 bucks a minute. I'll take it ! Total luck. Seldom happens ...
oil is down almost 6% this morning and the premarkets are plunging .
kmi may be a 10 buck stock faster then i thought .
i have been using xom as a quick flip the last 4 months .
i let it roll back , go up a few points and repeat .
it has been trading up and down in a narrow range . so far so good , no losses and quite a few gains .
i was doing the same with kmi until it recently started its path just down but hey around 10 or 11 i may try again .
the preferred does seem to be holding up better .