Anyone have a long term oil play here?
I see a bottom coming in early January.
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Anyone have a long term oil play here?
I see a bottom coming in early January.
pure oil play or just energy sector?
I'm open. Oil seems to be on sale so that would be my lean.Quote:
Originally Posted by Krypt
Not KMI for sure. Fuck they just slashed divi by 75%. Fuck. Glad I don't own it but I'm a big owner of MLPL so there will be more PAIN in my near future. If this thing hits $5 a share open your window and you'll hear the gunshot.
Honestly you could do a lot worse than ETE.
I'm interested.Quote:
Originally Posted by Pooh
Looking for other energy stocks that have been destroyed this year.... Down 70-80%
You probably have several hundred to choose from. Stay the hell away from E&P companies unless you think oil is going to $60 soon. These are LINE, BBEP, VNR, MEMP, ARP and many many others. ETE is rock solid. Paying over 8% and expecting to increase by 20% next two years due to projects coming on line. It's no Kinder Morgan, much less and more manageable debt. Be careful with refiners at this point. Once oil starts going up these will suffer although they've had a nice ride this year.Quote:
Originally Posted by DalyI'm interested.Quote:
Originally Posted by Pooh
Looking for other energy stocks that have been destroyed this year.... Down 70-80%
Or you can go my way and buy MLPL. This is yielding over 30% currently and its only invested in the midstream companies which are supposed to be safe but have been crushed lately. Just know if this thing hits $5 its automatically closed. Started the year over $60 so its down A LOT.
Here's a link to MLPL. I've gotten absolutely killed in the market this year....you'll be getting in a lot better than I did.
http://etracs.ubs.com/product/detail.../ussymbol/MLPL
And its down 40% in a month.
Full disclosure I own 5500 shares at $34. Trying to build up to 20k if it stays above $5.
This will either be my retirement stock or it will make me work an extra five years.
Ouch. Tough one Pooh.
This does seem interesting.
My line of thinking is to see what comes out of the year end tax selling season. Going to be a lot of people looking to "cash in" on losses this year who have big losses in energy. If I'm right I think we will see a reversal in energy prices in the 1Q.
No doubt. Feel free to jump in last week Dec. First week Jan. Keep in mind MLPL goes ex div around 7-9th of Jan. Divi announcement will precede that by two or three days. Prob should expect around $1.10 a share for Jan dividend.Quote:
Originally Posted by Daly
I figure if its still standing by Jan we should be in the clear with this one for awhile although KMI slashing the dividend worries me even though its no longer in this index.
Buying in for $17 and getting a $1 rebate sounds interesting.Quote:
Originally Posted by PoohNo doubt. Feel free to jump in last week Dec. First week Jan. Keep in mind MLPL goes ex div around 7-9th of Jan. Divi announcement will precede that by two or three days. Prob should expect around $1.10 a share for Jan dividend.Quote:
Originally Posted by Daly
I figure if its still standing by Jan we should be in the clear with this one for awhile although KMI slashing the dividend worries me even though its no longer in this index.
heads up...some of those midstream companies are gonna get crushed by class action lawsuits in the near future (already started in PA and WV is about to blow up...there are some huge cases just waiting for certification). for example, a good amount of the EQT midstream companies' income comes from artificial "gathering" costs taken improperly from lessors' royalties.Quote:
Originally Posted by PoohYou probably have several hundred to choose from. Stay the hell away from E&P companies unless you think oil is going to $60 soon. These are LINE, BBEP, VNR, MEMP, ARP and many many others. ETE is rock solid. Paying over 8% and expecting to increase by 20% next two years due to projects coming on line. It's no Kinder Morgan, much less and more manageable debt. Be careful with refiners at this point. Once oil starts going up these will suffer although they've had a nice ride this year.Quote:
Originally Posted by Daly
Or you can go my way and buy MLPL. This is yielding over 30% currently and its only invested in the midstream companies which are supposed to be safe but have been crushed lately. Just know if this thing hits $5 its automatically closed. Started the year over $60 so its down A LOT.
Here's a link to MLPL. I've gotten absolutely killed in the market this year....you'll be getting in a lot better than I did.
http://etracs.ubs.com/product/detail.../ussymbol/MLPL
A dumbass like Pooh has no concept of credit markets and simply can't comprehend the implications of widening credit spreads with regards to these Junk High yield energy companies
Krypt,
You ever fantasize about walking into Cheniere's (LNG) corporate office handcuffed to a propane tank holding a lighter.
-25% in a month. A "fundamental" mistake.
Investing is for your mom.
Act your age and learn to day trade.
Remember guys, it could always be a lot worse.
Pull up a 18 month chart of UWTI.
I have to think if you dumped it all into Freeport over the next 6 months you would be a happy fellow in 5-10 years.
krapt retired from here.Quote:
Originally Posted by Sanlmar
I see your wheels turning. Yeah, it's like commodities porn.Quote:
Originally Posted by Daly
Did you read this?
http://www.marketwatch.com/story/whi...dist=bigcharts
I read the technical analysis and the price followed the Fib's in amazing fashion. I skipped the fundamental analysis discussion, of course.
Chart referenced in article:
Next Fib is $33. Like it but don't guess bottom. Let someone else point the direction.
What was the Krypt story? Point me there.
So since Poker has pretty much died off except for the occasional trip to the casino card room I need a new fix.
I started trading naked Calls, obviously I need some help here.
Let's say somebody had $50,000 they wanted high risk, high return type investments. Has a good amount of time to invest and learn, and has pretty much unlimited free time during trading hours if strategy required it.
What should I be reading or what do you all suggest?
BTW, bought 5000 Mar '16 Contracts @ .01 on Ford @ 17.00 a share.
My logic:
Auto Industry has been undervalued for awhile.
Hedge Funds have all taken long positions in auto in the last 3-6 months.
Ford has two major announcements in the month of January (Google/Ford CES Announcement and Earnings at the End of January)
Hoping for price bump in January based on these two events and obviously get out hopefully in the .10-.20 range on the contracts. Maybe start dumping some if it gets to .05?
See I obviously need help, help me PFA Trading Gods.
If buy trading naked calls you mean buying then its a guaranteed lose. You have the house and you have the bettor. The house is the seller and the house always wins. Like 90% out of the money puts expire worthless so you should be selling puts. Naked calls are extremely risky and you're unlikely to be granted permission to write them from the broker given your experience level. I'd sell out of the money puts if I were you. Especially if you actually want to own the security you're writing them on.