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Re: Pennies_Envy post# 1872

Wednesday, 05/04/2016 10:36:16 AM

Wednesday, May 04, 2016 10:36:16 AM

Post# of 1887
WNR is not a buy candidate for me at this time and perhaps not even in the foreseeable future. My picks need to be movers and shakers for me to get excited and hopeful for rewards proving to be disproportionate to the general market. While WNR has done well in its space, it will soon be carrying more debt than prior to the NTI swallow-fest now taking place. It will be larger and that spells a potential for trouble as it will be more unwieldy.

When I look at CEQP, NGL, SDLP, LADR, JPEP, HLX and MDR to name some picks, I also see unusually strong gains. The only exception is MDR but I continue to add in the expectation that this will rise sharply from current levels.

WNR pays a dividend. Its tax structure bears no resemblance to the income producers mentioned above. It pays a small dividend when it's convenient and not threatening to the company's finances. MLPs are a completely different animal and being a hobby rancher, I love my petting zoo. lol

And I am not intentionally leaving ALDW out of the mix, it's just too early to be part of the income production scheme. But I'm in the hunt, believe me! I've got 1,900 units thus far and will probably be adding today or tomorrow, although in smallish amounts of 200 units or so as I think we'll be seeing sub-$9 soon.
There's no way at this juncture to determine what effect, if any, a BOD declaration of no quarterly distribution might pose. I don't discount it entirely but doubt it will shock anybody.

I hope this helps you.