Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hope I'm not bursting a bubble but the big Q4 payout happened just one time. Priorly, LADR was not paying out distributions as we now embrace and receive. There's no way to know what will transpire but, of course, we hope things pan out favorably.
I'm holding 1,645 units with a cost basis of $10.76, so all told, I've got a gain of $3,634 (total return). My earliest purchase occurred on Jan.8 of this year. It equates to an annual gain of about $5,450, all things remaining the same---and without the big hoped-for December payout.
This works for me!
Still kicking myself over almost 14,000 in losses in ARP!!! Happy with NGL where it is and the same with ALDW unless they take big dives....Same with CVRR....Now playing with LADR and underwater there...So I'll add to it as it comes down...I believe someone said 4 quarter is the money maker there....Thanks and GLTA!!!
Good to know. You had me concerned.
Have you considered taking some $$ put of CVRR and reapplying same into NGL when it's available in the low $17 range? This can work well when CVRR is underwater...think tax loss carry forward.
So far NGL is the JEWEL in my portfolio 3000 @ 7.7919....Sold 2000 months ago at a nice profit...GLTA!!!
Is NGL part of the story?
Jugs, sitting on 4000 @ 7.61 and out of bullets til dividend time...If we get a dividend!!! Add 5000 ALDW @ 10.82 to the mix!!! GLTA!!!
Oh, boy---if only I had a dime for all the mistakes I made just like yours!
Stops and their variations are not devices I use, been burnt too many times. As for your getting back in? We will probably give back a bunch of our new valuation, it may take a week or two but I'll bet it's gonna happen. Hang tight!
I made a stupid mistake last night/this morning.
Last night I set (or a thought I set) a 7.99 stop loss. Come to find out I placed a 7.99 LIMIT order. My order was filled this morning at 8.52. Yes, I made a nice profit but I didn't plan on getting out of the trade this early.
I asked my broker what happened. They explained that when I placed my order last night, the bid was 5.99. Therefore me 7.99 order went through as a limit instead of stop. I'm not very happy about this stupid little mistake. Learning lesson yes, but it shouldn't of happened....
I'll be looking to get back in the stock soon.
Nice trading volume today as just over twice the ten day average volume was registered. When there's unusually larger volume along with a rising price/unit, I smell rising interest in our stock. And that, as you know, spells a valuation moving towards the upside.
What's not to like?
****************************
Special to Wall Street Rocker---are you in the profit zone yet? I'm holding my breath, you know. lol This pig is finally beefing up a bit. (Somehow "porking" just don't sound right, dang it!)
Thanks for that update...I still haven't heard from CVRR!!! You are on the ball as usual!!! GLTA!!!
The issue revolves around a section of 8" pipe. Back in June CVRR announced they would be receiving compensation although at reduced rates. The restoration was to take 3-4 weeks but it's now nine or ten.
Still no reply about the Magellan pipeline hold up.....I'm enjoying the gains in CVRR!!!! I like the dbl whammy with ALDW and CVRR!!! GLTA!!!
Nice day for CVRR. I'm waiting for ALDW to trade up alongside it in sympathy.
Dropped them a line this am (9-11)...Waiting for a reply!!! Thanks for giving me a nudge!!!LOL!!!
Gracias mi amigo.
Why do you hesitate contacting IR? Yours is a perfectly sensible idea and should be of considerable help to investors.
Still underwater but that's ok...Now my question is has anyone heard anything about the pipeline disruption time table for complete repair from either CVR or Magellan...I've looked high and low for some answer without going to investor relations about this at either company...Anyone!!!...Jugs, as per usual you are doing great!!!GLTA!!!!
Whoopie do! Whoopie do!
Will wonders never cease?
This position of mine was launched on June 29th of this year. With a cost basis of Around $7.08 I find I'm now ahead by something less than $100. But it sure beats showing red.
I know better than to count on anything driving the unit price meaningfully higher this year. But with minimal cash reserved for this particular investment, I'm not likely to be shaking in my boots any time soon.
I hope you did well and I hope you get your wish to buy lower...I still need a few shares to complete my minimum holdings....Lower will do for me also since I own a few at higher prices!!! GLTA!!!
Did you come out ahead on your trade? I hope so.
Cashed out today at 6.72.
I'll be looking to enter back in around 6.40's and lower.
I'm in it for the units gains and the divvy...Been buying 50 to 100 lots every few days...Holding 3915 and a buy order in for tomorrow to even it up at 4,000...GLTA!!!!
some reading info part 1 2 and 3
http://marketrealist.com/2016/08/integrated-energy-companies-refiners-high-implied-volatility-2/
Hell with the divvy. As of the 10Q for June, as compared to 6 months ago, this company has gone from MINUS $83M gross profit to a POSITIVE $138.5M and an operating income that has improved from MINUS $135M to POSITIVE $90M
That is all huge. A greatly improved balance sheet, a major bump in money flow into the stock, and a strong chart suggesting an upturn off the bottom. Need to now settle above that 50 day to confirm. I'd feel safe as can be entering here.
Should be a pretty easy double to 13.37 in the short term.
p.s Oh, and Cash on Hand shifted from MINUS $314M to POSITIVE $13.4M!!
Up. That is all.
Aren't you basing an investment decision on historical evidence alone? I see no future in history.
The fight to reduce impact of RINs took an interesting turn this week, thanks to force being applied by Icahn. A push to acquire Delek is hurting, either.
There are "drivers" afoot, moving decisively to exert greater influence. I think it would be foolhardy to revert to TA at such a volatile time.
Good luck to you, regardless of my thoughts.
Clear resistance at 6.72. If she pops to that level and falls I might sell out for the time being.
Just realized I hadn't given you as full answer, Matt. So.....
When it comes to profits, I look at what appear to be "sizable" profits to me. This means I consider upcoming financial obligations where I've no choice but to identify which monies I'm ready to use to meet an obligation. And of course, I'm looking at handy solutions to meeting those obligations---as in stocks presenting opportunity to pay my way out of the moment of obligation.
An example would be NGL where I sold enough to buy an 8,000 unit position in ALDW with a cost basis of $9.96. And now I'm sitting on another sizable gain in NGL amounting to a bit over $56,000. But at this moment I have no debts to cover, no pressing obligations threatening my financial security.
So right now I'm in fine shape. However, should any clouds develop, you can rest assured I'll immediately begin a careful process of liquidating RISK and not units as most people tend to regard as their primary concern.
The stock market is all about managing risk, not making money---for most investors lose money and not the other way around.
I routinely take profits in highly profitable picks. NGL, at this moment, is riding a wave of positivity. I see no significant risks threatening my gains or seed capital. But HELX, another of my ongoing picks, did show some weakness earlier this year and I sold nearly all, repurchasing a bit later. And now there's a fat gain that I'm unwilling to cash in ---but I'd sell in a heartbeat given that it pays no dividends and is heavily dependent upon market gyrations. NGL, on the other hand, is secured by an all-important alliance struck this year that goes far in anchoring its financial viability.
Going back to CVRR for a moment, with Icahn stumping for relaxation in the RINs situation, CVRR may get a near term boost. But I'm holding out for $15 or better per unit. I realize this may not happen until deep in the first half of 2017 but my basis is barely above $7 so I'm ok with that. And, 2,000 units is a small position, so risk is not worrying me.
Hope this helps!
I'm a holder---with 2,000 units and a cost basis of $7.08.
As for stop losses? ALL stocks are available to wide swings and for this reason alone I absolutely never employ stops. There have been countless times when I could have easily rocked a pick's market via a burst of buys suggesting to the unsuspecting investor that there's been a renewed interest in the particular offering. I don't engage in such practices but I'm sure many others will, and do.
In short, I prefer operating more openly.
As for the safety of stops? It's nonexistent, in my opinion. It's an invitation to self-screwing as in the case too often when it comes to taking a purely defensive stance. Everyone who claims to not having been stopped out only to lose big time is not telling the truth. It's happened to all of us.
Back in the days of yore I figured I'd join the crowd and engage in some fancy shenanigans by arranging some stops. Left town for a few days only to come back & find a couple of faves had been stopped out but then soared to new highs THE SAME DAY! Boy, did I ever feel like a jerk. and you know something? I was!!
Jugs,
can I get your opinion. Are you a holder or a seller? On these type of positions do you set stop losses to protect your profits?
I think what we are seeing is some refocusing with speculative allocating of funds pouring into a likely gainer over coming months. Investors won't be able to sway Icahn.
Interesting price action today. Seems to be a lot of talk on other boards that investors are pushing this to force Icahn to pay more for shares. I'm currently green on my position. Almost sold today or the very least put a stop loss in place to secure a couple hundred dollars. We've all seen how quick this can drop below $6.
With my basis at 7.84 I try to pick up 100 units at a time to lower it...Buy orders under 6 bucks help so I like the dips!!!GLTA!!!! Like my positions in NGL and ALDW 3,000 and 5,200 So I won't be adding to them unless something drastic happens!!!GLTA!!!!
I think folks see near-term opportunities elsewhere. Plus, oil is retreating and we may have to wait awhile for gains. This is why I've limited myself to 2,000 units with far larger positions in NGL and ALDW.
Ok guys I went back to last August to look at what we were paying for this stock...17's to 19's a unit....I have a buy in at 5.99 for tomorrow and I won't be here to watch...So what's everyones take on these low prices other than no dividend this quarter??? GLTA!!!
Picked up another 100 this am @5.81...Holding 3300...Anyone figure out what Ichan is up to?...GLTA!!!
Barclays came out earlier today with an $8 target price on CVRR. Well respected for their projections, this is a good sign. What we need to do with this sort of information is to recognize there's no target DATE specified. However, those of us sporting a very low cost basis shouldn't have much of a problem waiting it out until we're sitting on a nice bit of profit.
Meanwhile, I'd say the odds favor our coming out of this difficult time energy-wise with decent gains and very unlikely losses.
What is missing about the earnings of .53 per share here? Did less than 10% of that become distributable cash? Clearly there is an offset or this would not be an MLP.... I say that knowing there are still too many ways to beat up the private investor, who is such a trivial part of the picture. The rules say at least 90% of DC go to unit holders do they not? Over at ALDW it appears the opposite of this one, paying 15 cents when there did not appear to be any cash to give, after a statement made that they would be able to pay a distribution, ... were they obligated to keep to support their stock price?
GAAP accounting when it comes to MLPs is a confusing thing...
After just a superficial read-through due to pressing obligations, it looks to me like this is a move designed to reformat their cost basis via a back door approach. Moves are invariably made for monetary advantage. They are improving the odds of not being dragged through the neighborhood by the area stud known by the name of RINs (no Tin Tin is part of the equation). In effect I believe they are "repatriating" cash without having to give up first rights of refusal or acceptance. Icahn can easily reclaim lost turf given up by this action with zero cost sustained, thanks to allowances guaranteed by those percentile numbers furnished. Too, they're in no way threatened by the surfacing of a competitive bidder.
Probably a wise move, given that there doesn't appear to be much reason to expect renewable's policy as administered by the government to be relaxed any time soon.
Caveat:
I may not have this right, so press on with your appeal for more understanding.
I also believe that this is being manipulated down for a reason. I couldn't help myself today and added 100 more shares at $5.65. I know I told myself I wouldn't buy again until the down trend is broken but I honestly think this will rebound in the near future. Right now I stand with 600 shares (not much but enough for me) at an average cost of $6.39.
IEP dumps 250,000 shares today. What do you all make of this? Seems awfully fishy to me.
SEC Filing
Pretty nice recovery today. Folks are probably breathing a sigh of relief, now that the sword is no longer perched above their heads.
I'm underwater slightly above a half dollar per unit so I can't complain.
Goose egg on the divi...up in premarket...Won't be able to watch ALDW's news since I'll be out on the corner selling pencils out of my coffee can!!! Had to lay off the pool boy, yardman, and chauffer!!!LOL...Looking forward to Q3 and Q4!!!! GLTA!!!
Today should be interesting.
• CVR Refining (NYSE:CVRR): Q2 EPS of $0.53
• Revenue of $1.16B (-25.2% Y/Y) beats by $100M.
But no distribution!
http://seekingalpha.com/pr/16561172-cvr-refining-reports-2016-second-quarter-results
Let's turn that around...as an MLP they pay out 90% or better---BUT--- only after they've paid all their bills. Their tax structure doesn't permit them to withhold much cash (retained earnings). Not to be compared to usual corporate basis.
Took a look at their balance sheet before I bought.
debt due in 2022 for senior notes
and an inter company credit facility.
nothing drawn on the wells fargo credit facility.
balance sheet is real clean for an MLP
Agreed! great buy! Welcome to the party. It might be a few months in coming but, imo, it beats betting on the pennies, lol. (IHub reference...)
Those posters here have done very well understanding the energy plays and in particular the MLPs in refining. ALDW will also reward, maybe even sooner as in August payout...
CVRR will come back over time or his name is not Icahn! $10 easy and likely sooner than later. Nice move today so far. The only 2 MLP refining stocks left now that NTI was swallowed by WNR.
great value. Bought 1500 units
Yep, fer sure!
Trouble is that we have little possible news capable of catapulting us measurably higher. I think it's gonna require that we exit Q2 and make it at least halfway into Q3 with some positive rumors floating about.
Good to see you're back at it!
Followers
|
18
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
782
|
Created
|
02/20/13
|
Type
|
Free
|
Moderators |
Headquartered in Sugar Land, Texas, CVR Refining is an independent downstream energy limited partnership formed by CVR Energy, Inc., to own, operate and grow our refining business and related logistics assets.
Our petroleum business includes a complex full coking, medium-sour crude oil refinery with a rated capacity of 115,000 barrels per calendar day operated by Coffeyville Resources Refining & Marketing in Coffeyville, Kansas and a complex crude oil refinery with a rated capacity of 70,000 barrels per calendar day operated by Wynnewood Refining Company in Wynnewood, Oklahoma, approximately 336 miles of active owned and leased pipelines, approximately 150 crude oil transports, a network of strategically located crude oil gathering tank farms, and approximately 6.4 million barrels of owned and leased crude oil storage capacity.
Distribution InformationCash Distributions
http://finance.yahoo.com/q/hp?s=CVRR&a=00&b=17&c=2013&d=07&e=18&f=2014&g=v
It is currently the policy of the Board of Directors of the general partner of CVR Refining to pay quarterly cash distributions of all the Partnership's available cash, as determined by the Board of Directors, to its unitholders.
We intend to pay our distributions within 60 days after the end of each quarter beginning with the quarter ending March 31, 2013, to unitholders of record on the applicable record date. We expect our first distribution will consist of available cash for the period from the closing of CVR Refining's initial public offering through March 31, 2013. However, as described in our public filings, the Board of Directors of the general partner of CVR Refining reserve the right to change the distribution policy at any time, and the partnership agreement which governs CVR Refining does not require the partnership to declare any dividends at all.
| |
Event DetailsQ4 2012 CVR Refining LP Earnings Conference CallTuesday, March 12, 2013 11:00 a.m. ET Webcast PresentationAdd to Calendar HelpClick here to add this event to your calendarTitle Q4 2012 CVR Refining LP Earnings Conference Call Date / Time 03/12/13 11:00 a.m. ET Description Speaker: Jack Lipinski, Chief Executive Officer For investors or analysts who want to participate during the call, the dial-in number is (877) 407-8289. |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |