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Thank you. You have helped !! Not hurt. So with all this being said. When must I own by to receive distribution? As of now I own a few thousand long term calls. Would like to add 3k and hold.
What is the difference between the day of record. And the day of ex distribution? Thanks in advance. David.
On my td ameritrade under ngl news 7-20-17 it says This cash distribution is payable 8-14 to unit holders as of close of business on 8-4. Jugs please clarify when I must own the stock to get the distribution. Thanks.
Think it's 8-4.
No problem. Thanks for all your insight n knowledge. ??
I got a different take on that. I read closing date is 6 -30 unless otherwise mentioned. I see 3-31 at the end of every position.
Made a lot of $$$ on Hlx. Got out at over 11. Was so happy to get back in around 9. Now I'm down slot of $$$ Don't think there's anything wrong with the company. No real bad news. Came down with Mdr which I also got. I believe both are near bottom an nowhere to go but up. Good luck.
When ngl was 13.38 I got 15 contracts 1500 shares of January 15 calls with a 15 stoke price for well under 1,000. I feel I got a bargain to control 1,500 shares for 8 months.
Alon USA Partners, LP Reports First Quarter 2017 Results and Declares Quarterly Cash Distribution
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Schedules conference call for May 9, 2017 at 11:30 a.m. Eastern
DALLAS, May 8, 2017 /PRNewswire/ -- Alon USA Partners, LP (NYSE: ALDW) ("Alon Partners") today announced results for the first quarter of 2017. Net income for the first quarter of 2017 was $20.1 million, or $0.32 per unit, compared to net loss of $(8.6) million, or $(0.14) per unit, for the same period last year.
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The Board of Directors of Alon USA Partners GP, LLC, the general partner of Alon Partners, declared a cash distribution for the first quarter of 2017 of $0.38 per unit payable on May 30, 2017 to common unitholders of record at the close of business on May 22, 2017, based on cash available for distribution of $23.7 million.
Wednesday close 10.97 Thursday open 10.70 = .27 ???
I've read in 3 different places that ex is the 22 and pay on 30 th.
Thought ex Day was the 22 nd. ??
Yes. Thank you. I'm hoping the up coming distribution will make them hold on. We will see But I'm here for more than 2.00. Thanks
Please explain door. Thanks
Thanks J.
Wow!! The way this is going I predict we take out the 52 hi by distribution time !! ??
Question. Just looking at a chart on aldw. Noticed last august went from 9 to 12 then to 8.50 within approximately 1 month. What was the news on the rise n fall. Didn't follow stock back then. Thanks in advance.
Thanks jugs. Not looking to get out completely forever. Just sell n get back in 1,000 $$ cheaper = 30 cents. But I'll hold cause it was stated that this is usually a weak quarter and the current distribution looks sustainable.
Have a little over 3000 shares at 9.66 n 9.17. Very tempted to sell here n buy back at 30-50 € lower. Input ?
3 different reports. .15 .32 .38 distribution any clarification? Thanks
Thought I saw .32 per share ?
!!! Sweet !!! ??
Thought I saw . 38 ??
Thanks for that info. Never thought of breaking up my order for a low volume stock. Guess you would pay multiple commissions but not a big deal. It was really strange. Lol every time I put my buy in it jumped from bid to ask the exact #. Happened 3 times. Thought after this morning upgrades it woulda jumped but it's just not ready. Sitting with a lot of Hlx and Mdr. Earnings coming Monday n tues. for them. Keep fingers crossed. If the work out I'll pick up more Aldw on margin.
Have 2,000 @ 9.66 When it dipped to 9.07 tried to add 1000 @ 9.11 it immediately jumped to 9.17 upped my bid to 9.17 And 274 got filled. @9.17. Crazy
I'll be holding. If no news comes out over the weekend may double up Monday. But will be on margin
Damn! Picked up 2000 this morning at 9.66. ??
Unfortunately I'm kinda stuck with Hlx. Sold January calls. Sure hurting today!! But Hlx bounces around could be 10 in 3 days could be 5. After my calls expire I will reevaluate.
We are very much alike. I also did a abdominal workout at 7am. 6 pancakes with sausage. Then off to catch some codfish.
I've got a really bad habit that I must try n change!! I got a big problem buying a stock for more than my initial cost. I know. It's crazy. I had ngl n ceqp at 9 n 10 $$ made a few k on each plus the call premium. But missed both doubling in value. Why do I find it impossible to pay 20 + now. Even with alot of upside potential. Maybe I'll talk to my therapist Monday!! ??I've owned Mdr over 10 years @ over 10. Loaded up in the 2. Range Found jugs on the message boards and since been in Sdlp ngl ceqp Hlx all nice gains for me. I feel obligated to thank you very much. As I live in Montauk ny. The very end of Long Island and great fishing. I will offer you, if ever traveling to ny a great fishing trip aboard my boat "lethal weapon"and a great meal.
Thank you. The down side is you never parcipitate in a big run up. Happened twice in 2016. Once with ngl once with ceqp. Kinda happened with Mdr sold December 6s for like .47. When stock was around 5.75. Mdr went to 7.42 I was out at 6.47. I'm happy being the turtle as opposed to the rabbit ?? Collecting 3-5 k per month on my 100 k trading portfolio. Since Aldw pays very small option premium I would like to accumulate a position in my buy n hold portfolio. Thanks for your insightful postings.
Cost basis at 7.87 but I sell covered calls every month. Got called away a couple times this year. My latest was January 20 @ .40 for a 4 k addition to my balance. Got called away from Mdr and took all that money and added to Hlx. Dying to add 2k of Aldw. But it would be on margin and I'm not really comfortable with that with the Dow and oil at hi levels. I'm thinking a possible correction and a a couple of OPEC company's not cutting production. Hope I'm wrong but I'm always cautious. Jan 21 comes along and Aldw around 10-10.50 I'll pick up 2 or 3 k.
A lot of insider selling the last few days!!! A lil worried holding 10 k
Well it's down .88 after hours so I guess it's negative. Oh well
Is this stock offering a positive or negative for Hlx ? Thanks.
Huge gap in the bid n ask today.
Yes. And about the time I got called away from ngL. The same exact thing happened with ceqp. But it's all good. I missed the big payoff, but I keep chipping away monthly making 1,000 -2,500 per month per holding which will net me 25-30% annual
Thanks. Been working for me. Not to sure about puts to hedge. Gotta do some research. Sold Hlx this morn. Dec. 10 call 40 units =4000 shares. For .80 =3,200 deposited into my account. Also sold Mdr .44 @50 units = 2,200. I try n do this every month. Works better than a dividend in my eyes. The only downside (and has happened to me ) is a big run up in the stock. You are limited to strike price plus your call premium. I got burnt on NGL months back. Bought around 9 sold 10.00 calls one Month out for .90 so I made a 1.90 per share profit but the stock shot to about 20. I got called away at 10 and kept the .90
Currently hold Aldw 5000 shares. Will be selling dec. 10 calls for .20 -.25 on Monday or Tuesday. Love selling out of the money calls monthly. Been doing great with Mdr and Hlx calls. Have 4K of Hlx will be selling December 11 calls for .25 Love the monthly income ! Had 5000 Mdr but got called away Friday, will try and renter around 6 then sell calls.if all goes as planned I should have 3k deposited into my account. Good luck gentleman!!
If we can break 4.79 ... 5 will be no problem!!