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Jugs, we're pretty darn close in age. Our bodies don't or can't do what they did when we were younger, although, in my instance, my mind sometimes pushes me to try things I shouldn't be messing with.
Sounds as if you have yourself a slice of paradise. 16 acres is a lot of land and I'm pleased that you see the beauty in it. I'm glad that you have found peace and serenity and that you're living the good life. Too many people check out without experiencing what you have.
Trueheart
I like that you set the boundaries, not a seventeen year old. Not everybody will adhere to limits. The message to kids is terrible.
I don't especially enjoy home projects except when they call for creative ingenuity. While I'm not an engineer I think like one and really enjoy tackling problem-solving situations from alternative angles.
I've had a number of men working here---on A/C systems (two of them as I have a duplex), tree management, septic systems, fencing companies, water well service companies and more. Usually I'll opt for an established company but occasionally will hire a man for heavy work that's beyond my mien. I'm nearly 76 and while in great shape, I know better than to tempt the Furies. lol
Hiring undocumented workers can be dangerous, in my opinion. There's definitely a vast underground in South Texas and I will not be part of it. I don't need to cheat my government, life is ample enough and I'm thankful for what I have.
Heck, I'm free to invest thousands of my $$ in the stock market. We have horses, goats, doves, a donkey and soon some sheep. A great wife and sixteen acres of beautiful land---life doesn't get much better than this. I envy nobody for I know I've got everything I want.
That is quite an advantage and I don't live in a big city either about 110k is all. My grandson wants more than 60 bucks to work around the house for me.He was wanting to quote me flat rate prices on yard work,painting and clean up, I had to tell him you are not a contractor you are family. He is a hard worker, started when he was young and I always wanted to be an example of being productive to him.Problem with his flat rate quotes is they came out to 25 bucks an hour lol. I told him 10 per hr tax free is pretty fair for being 17.And when he does an extra good job I do give him bonus money.Makes him work well knowing he could get extra. Truth is he is the oldest of 10 Grand children and I am pretty attached to him but teaching him value in honest work is worth more than the money.Also I am getting tired of some of my maintenance duties around the house, its a win win.
Glad to hear that you check documentation, Jugs.
By the way, is their first or only language Spanish?
Trueheart
Never in my employ. I always pay by check, not cash. This requires some sort of documentation which I feel is important.
Illegal immigrant laborer?
Trueheart
Living in the Rio Grande Valley has its advantages. Harlingen, in particular, was just ranked the cheapest full-service city in the country. You can eat comfortably in a sit-down establishment here for $20 any day of the week. Some ridiculously fine eating, too!
Wages are super low in eateries and just about any other business. It costs very little to have most things done...$60 will get you a laborer to work happily for a day. Talking grunt work, now, too.
Perfect place for a hobby rancher to retire.
lol -120 bucks is better than a sharp stick in the eye I always say sometimes - Who ever thought eating out would cost so much but you are right a couple of meals for 120.
You're up $120 on the trade at the moment. That's enough for a couple of nice dinners out.
I like all profits, small, medium or large. Sometimes it's these smaller ones that make us feel especially good. I wonder if it's the result of our knowing it's foam at the top, given our longer term expectations of the stock's rising considerably higher later on? We have to wait for the big gains but it's sweet, getting to enjoy a taste of good tidings at the start of this bit of fresh travel.
I added 500 @ 7.57 this morning
Absolutely! Nobody could say it any better.
Based on guidance, the currently slated BOD-directed Q1 distribution and expectation that continuing distributions will be covered, I'm good with my position (3,000 units with a CB of $7.57).
While I'm ahead, it's certainly not especially notable except for the fact that I relaunched this position on April 25th or a week ago. So I'm up about $800. This is NOT secure in-your-pocket profit, however, as I was showing red briefly today.
This is a skittish market and I'm not thinking we'll be seeing any meaningful relief over the next week or two. Personally I don't buy into the go-away-in-May BS. I've had a couple of great years in which May was stupendous. While only a fool would suggest this will be a repeat of those spectacles, one never knows.
However, I'm being cautious because experience tells me that we usually don't get just one down day in a row. I came so close to adding some SDLP and even NGL today but you know what stopped me?
I didn't expect to see a strong swoon in SDLP, given that it goes ex tomorrow. I had figured it would probably climb at least 20 cents. When JPEP dipped, I thought about adding but then it strengthened so I did nothing---figuring that after it goes ex, the time might present itself---like next week or even next month.
It's looking to me like a lot of investors are not trusting this market and are reevaluating their positions daily. I'm calmer. lol
Today's luck won't be over just because today is. I expect more of the same tomorrow. Today cost me $11,000. SDLP and JPEP will grab some of my dollars also due to their going ex. This is life in the fast lane. I'm glad I sold some NGL when it soared as I have some powder for one or more of these picks ex-Distribution.
Well it went down as soon as I bought it but I come to expect that no big deal to me but it closed up a bit from my entry - I will add more after I set my depth charge on NGL lol I want to buy deeper like you did last time and with the distribution pretty much known why not.
Exactly. It's now at $7.84 so yours was a good trade.
Glad to see you on board, she'll do you well.
I am in with 1000 @7.77 missed the low today but what the heck a dime here and there does not make the position.
Today's been a busy day. Foremost in this trader's mind is that both SDLP and JPEP are slated to go ex-distribution on May 4 which is Wednesday of the coming week.
Proportionately speaking, SDLP has seen more aggressive accumulation and resultant rise in valuation of the two picks.
I'm expecting SDLP top take a breather while JPEP could pick up the slack. Either stock may be a surprise and we shouldn't discount that possibility.
That said, these two positions are now:
JPEP: 2,600 units.
SDLP: 4,400 units
The financing of JPEP came as a result of swapping units of SDLP, requiring no infusion of capital from either funds (dry powder) or margin. The caveat lies in the fact that JPEP pays more per unit in distribution. That was not motivating me, however. This was about reallocating a bit so as to reduce risk exposure in SDLP where I'd built significant gains.
Anything could happen as we still have two hours of trading left but I'm ready to call it a day, at least for now.
If anybody out there has been trading in or out of either of these two stocks, I'd like to hear of your exploits.
Just got 800 units of JPEP at $7.99.
Will need to unload around a thousand units of SDLP to pay for it.
Bottom line results:
The payout differential is minimal for sure.
However, I'm effectively removing a lot more risk from SDLP. Is there risk in JPEP? Sure, but I view it as less likely to impact meaningfully. SDLP has been a target of the gloomsters for a long time now. While I'll still be holding 4,500 units of SDLP, I'll at least have taken substantial gains off the table while getting to reapply it towards a pick I'm expecting to run appreciable higher in the coming few days.
Am not seeing much room or regret here but anything can happen on Wall Street---especially when I hit a wall. lol
Looking over some index numbers I'm seeing the DOW is down 125.
Been preoccupied with SDLP and a handful of others but am thinking JPEP is going to run---maybe. It goes ex on May 4th, so this is the time to be grabbing any cheapies available.
Just now placed an order for 200 u's @ $8.00 to go with my 1,400u's. Checking, I see my order went thru at $7.99. Revised cost basis is now $7.36 with 1,600 units in hand.
This one is very likely to fly off the shelf in the opening days of next week, given that we go Ex-D on Wednesday. Good for 32.5 cents means I got these latest 200u's (effectively)at $7.665. That's looking like a sweet trade to me at this point.
We may be on the verge of a break-out here, maybe a bit like what's happening with SDLP?
I'm ready for more excitement.
Just now pulled the trigger and added a few units bringing my total up to 1,400. I'm hungry for more with powder to do so.
It's hard for me to stare down that 32.5 cents issuable in a few short weeks. Subtract that guaranteed distribution from the current $7.88 and we come up with a cost (rounded upwards) of $7.56 we pay in order to own units three weeks down the road. That's quite a deal when you factor in the near certainty that JPEP will continue paying a like amount throughout the balance of this year.
And don't we all expect that oil's recovery, even if limited to 65% or something close, will super-strengthen an energy investor's resolve?
So I'm climbing on board with a vengeance, having discovered this diamond in the rough back in January of this year. I'm not seeing anything to dissuade me but I'll certainly welcome anyone's questions or challenges. The more we sift through our fears which are often rooted in reality, the more likely we are to prosper.
Happy treading, everybody!
P.S. $7.65 and below will definitely have me hungry to buy more shares.
I too am going to wait for that dip to start a position here - I would have a hard time holding on to those 2s about now - great buy for all that got them. CB of 5 is a good place to be also and I too like dividends - I love them actually lol
What a difference a day makes! I restarted my JPEP position yesterday morning, built up a position of just shy of 1,300 units and today I sit atop a gain of $117 with a $450 distribution around the corner. It doesn't get better than this, does it?
This is so easy, it feels weird at times...like taking candy from an infant or shooting fish in a barrel. We look for companies with tax structures requiring that the bottom line be shared by all unit holders after deducting for expenses. Simple enough. But it is far more complicated than that implies. There's debt, credit facilities, logistics, sales, costs related to doing business, contracts and far, far more.
But when we digest all things we've discovered that we believe to be pertinent, only then do we have a chance to prosper. Of course we have to digest and process and share our ideas here on the boards.
Opportunities are out there. We have to squeeze our knees together and take chances. I predict these boards of ours are going to make some followers quite rich before it's all over.
$8 would be great... closer to book even better but when the schools are out and driving season peaks anything in that realm is possible imo.
I am thinking of some pictures on the info (ibox) and will explore available.
Yes, and patience Grasshopper.
No panic selling and no chasing when buying when impulses appear. Slap a reasonable ask, sell a reasonable bid.
The only thing certain is change. :o)
Yep, you're making a lot of sense here.
I'm now up to nearly 1,300 units. I'm smelling profits already although just $118 so far. But low trading volume is dictating things for the moment. I'm expecting $8 fairly soon, not only because of the distribution hunt being on but also because people are awakening to the importance of energy stocks. Moments ago I got a fill at $7.31 which is the price right now. I think I'm going to add 200u more at $7.31. I don't chisel traders for a few pennies so the ask is working for me. I like to think others extend the same courtesy to others like myself...even tiny profits bring a sense of satisfaction, don'tcha think?
In the post payout period I am hoping it will dip enough for a no brainer add, but what is that price? IDK because the value will come back toward book as we confirm oil stability during consumption season. Any predictions?
Book value 13.65 and with rising crude, very good yield, secured payout... it's a buy the dip stock.
500 more will make 3k units and 1k payout.
However it may rise into ex date10 days away and with my CB at $5 I will be content to wait for that dip.
GLTA!
On the surface you are absolutely correct---or at least it looks that way. But over the weekend I sensed it was time to jump back in. I picked up just 300 units this morning at $7.01.
As luck would have it, it was just announced that they're going to be paying $0.325/unit to holders of record in early May. I'm thinking people will be piling on tomorrow. The yield is about 19% with a now-guaranteed quarterly payout reflecting that amount.
Anyone NOT going after this on the cheap is insane.
$7.61 today. No news. This stock continues to fly under the radar.
Probably a sympathy response to oil's being higher today.
I don't think that the public is understanding much about oil and how it correlates to the broader market.
JPEP hits $5.00 despite announcing a 4Q loss.
http://finance.yahoo.com/q?s=JPEP
JP Energy Partners LP (JPEP) Set to Announce Quarterly Earnings on Monday
http://www.hilltopmhc.com/jp-energy-partners-lp-jpep-set-to-announce-quarterly-earnings-on-monday/
Thanks. I'd thought so.
Yes the distribution is paid out tomorrow.
You are undoubtedly correct but that is just part of the picture. I just looked it up and find I sold my position at $4.60 exactly seven days ago. With units now at $2.75, I'm seeing a drop of 40% in just one week? That's as bad as things get. I'm shocked, frankly.
Were it not for this revelation, I'd be plowing money back in but things will probably get worse before reversing bias. With the quarterly distribution yet to come in---I think it's Friday (?)---lots of stuff may happen between now and a smart time to reload.
I'm moving into wait-mode for now but will be here daily, watching.
I'm anxious to see the quarterly results, should be very soon now.
From what I'm seeing from the quarter ended in September of 2015, book value looks surprisingly strong. That has me shuddering at possibilities relative to today due to the massacre in energy.
I'm anxious to re-launch a position but know better than to preempt current filings.
Good to see you here!
This is a pick with really fine fundamentals going for it in addition to a great yield.
I hope you do well here along with others. And please---feel free to voice your pleasures and concerns alike. The value of any board is going to be evident in member support in times good or bad.
Hi Jugs! I didn't realize you were interested in the stock. I bought 20 shares last week. :)
Right, shorting is virtually non-existent. That's always reassuring.
Good amount of institutional ownership. As for day-traders? I think they'll be converging beginning Monday. We go ex on the 3rd, I think, and it's Wednesday if so. Day traders usually are set on closing out the week's trades on Fridays and don't have time to work on 2-3 day projects.
By the way, day traders I've known were anything but "weak." They had nuts and roasting them in an open fire was an everyday experience. Too bad Christmas isn't but that's the life they choose.
I'm really pleased we closed above $5. I think that could serve as a floor for the first couple of days next week, suggesting we may reach for $5.30-$5.50 by the close of Tuesday's trading. I'd like to see that as the differential would cover the amount of the distribution and possibly leave our gains intact.
71% institutionally owned and very low amount of shorted shares. Plus the L2 screen shows a lot of ask sitting at 4.99. Day traders are trying to collect their scalps and be out over the weekend, a very common trait among that set. (They are not week traders... weak maybe). There are not many willing to give up their shares at the moment except other day traders into close today.
RSI indicates way oversold this afternoon so the DT scalpers are happy with those gains at the $5 level.
Volume is normally fairly low along with this being a low float company in this sector. Book is over 3x current price and that tells me it can't stay down here with any renewed confidence in the price of crude oil. Overall sentiment seems like its is coming back a bit at the moment. However, any time now oil could find a new low but not a new high, lol. GLTA!
Well, now---I see we hit the $5+ threshold I projected yesterday. However, I'm not about to take a bow as the unit price is below the $5 level, at least for the moment. I think we will close at or above $5, given that we've already exceeded it. I'm thinking that day traders might be responsible for part of the rise although only 58 thousand units had traded thus far---with nearly 2.5 hours left to the session.
We need to keep in mind that JPEP goes ex on the 4th which is Thursday of next week. That tells us there's plenty of time left for day traders to load on and increasing volume will tell all. So here we are, perched at $4.90, at least for the moment.
I hear that juicy 32.5 cent distribution jangling in the breeze! lol
Going out on a limb here---I'm projecting we'll hit and exceed the $5 threshold tomorrow. And if not tomorrow? Monday will be the day.
Many companies---mutual funds and retirement associations in particular---are not permitted to invest capital in companies sporting valuations NOT in excess of $5. Thus, when a publicly traded company can boast a unit or share price of something above $5, it then becomes available to many institutions for investment purposes. And so it is that fresh capital may find its way into our company. This is the reason for companies going public in the first place, of course---to attract a wider audience prepared to invest and grow the company.
With just 18.5 million shares (units) in play here, there's ample room for an accelerating unit price---unless the company initiates a secondary offering leading to dilution. There's been no such announcement, however, so let's not go there. (shudder, shudder!) I mention this as it's clear the unit can move quickly and easily.
Over the past 52 weeks, JPEP has traveled a range in price from a low of $2.62 to a high of $15.52. That's enough to curdle milk still in Elsie the cow. There's a couple of take-aways, though, and they're worth noting:
1. We're close enough to twice the value of the 52 week bottom to sense things are improving a bit, stabilizing and not worsening.
2. While some might point to our current valuation as being that of about a third of the 52 week high, we might also consider that earlier valuations may set the tone for recapitulation as in whenever oil decides to begin its ascent to formerly loftier price points. I realize this is akin to acknowledging that the glass is half full versus half empty but there is something to be said for history tending to repeat itself when it comes to the oil sector.
We are nimble, we are quick and while my name isn't Jack I usually jump over the candlestick before things wax ineloquently with pain attached. So we ride the wave of positive fundamentals and dream.
Today proved to be somewhat eventful as I started my first position in JPEP. Now sitting on a gain of $171 which is more than acceptable as I got involved for reasons having nothing to do with short term capital appreciation or even the distribution capture. My goal was largely to put a little cash to work in a company with which I'm not especially familiar. Longer range--- I'm always on the prowl, anxious to discover a handful of picks flying beneath the radar but proving to hold merit sufficient to build earlier small positions into more commanding ones.
It is far too early for me to make any prognostications but I'm happy that this pick didn't fall into Hell. lol Not yet, that is.
As for expectations? This should be simple enough to call---I figure units will continue to climb until late Tuesday afternoon inasmuch as JPEP goes ex-distribution on Wednesday morning, 2/3/16. It is paying $0.325/unit. It works out to a 27% yield based upon today's close of $4.89.
Reading more on the subject of corporate focus, I'm liking not only that pipelines are a major part of the company's activity, but the pipeline locations are really excellent. I also like that there's a substantial fleet of trucks managed by the company. And there's more, too. Stay with me, folks, it'll happen soon enough.
The big question with this stock is obviously about the likelihood that the distribution is sustainable. Due to the dramatic rise in oil supplies coupled with at least some downside resulting from idled rigs and associated oil patch layoffs, I'm thinking this is simply evidence of oversupply and weaker demand. Certainly, we're constantly hearing of the oil glut that speaks to the imbalance. But is it really an imbalance?
I'd argue that it's NOT! After all, what or who establishes norms? Imbalances result from temporary readjusting. They define those transitional times when it's not possible to establish norms, so we resort to saying that something is out of kilter aka imbalance. Yet it is not the oil sector that's out of balance! No, it's those of us expecting and waiting for old oil "norms" to miraculously reappear and soothingly comfort us. After all, aren't we the ones who put hard won cash into formerly thriving oil sector picks we'd expected to make it to the moon and back according to our expectations?
Something I coined last year explains my position:
Disappointments are born in the lap of expectations.
Those days, or should I say, "In those good old days....?"---those days are not these days, certainly. And as a trader focused largely on energy picks, I see no need to go back to those earlier days. No, there's a better way to capitalize on things...
Firstly, we looks for plays that appear to be surviving in this leanest of all climates during which time the entire energy sector has not only suffered mightily, it's been eviscerated and now is buzzard bait in the eyes of many.
Next, we try to define those picks capable of maintaining their earlier practice of paying out hi-yield distributions to their "partners." Locating candidates is easy enough. Determining some that have a chance of continuing their history of payouts is another matter.
Where to begin? Believe it or not, I start with picks that state clearly they intend to pay their usual or revised distribution in the next few weeks or less. Boards of directors addressing the question may pledge distribution continuation when, in fact, things can and sometimes do happen, forcing the cancellation of those payouts. However, good intentions are at least a start, one that I'm willing to live with until I find such trust no longer tenable.
JPEP is such a stock pick & I find suitable for my purposes. In effect, I am "trying it out." By that I mean I've put a small amount of money into units---picking up 500 units at $4.5479 and now have a gain of just under $100. My initial purchase was made this morning (Thursday, 1-28-16). I offer these numbers as I do on many picks so that friends and followers can decide for themselves whether or not one of my picks might become one of theirs. I tend to build my most promising picks into positions of more than 5,000 shares/units as the case may be. This is, after all, my livelihood.
By trying out a pick, I get to study intimately how the market views the company. I get to see corporate moves and observe first-hand SEC filings which I study carefully and find indispensable. And I scour message boards to gain a sense of public sentiment.
So there you have it for starters. Should I make position changes, I will publish such moves as they are executed or just before.
Happy investing!
"We remain focused on growing our Silver Dollar Pipeline system despite near-term commodity price uncertainty. Lower service costs and other production-related efficiencies have reduced the breakeven economics of drilling and production across the US, making the already advantaged economics of plays such as the Permian Basin and the Eagle Ford even more attractive and resilient.
Our producers will continue to benefit from these dynamics, and we expect this to support our near- and long-term volume growth. As activity stabilizes and eventually recovers, we are well positioned to capture this momentum given the strategic location of our pipeline system and the acreage supporting it."
http://finance.yahoo.com/news/edited-transcript-jpep-earnings-conference-195040130.html
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