Background is in Investor Relations and portfolio management focused on energy stocks. Always looking for opportunities to learn & share more.
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How are you going to do that?
Sorry but I don't believe a pinkie could possibly get a 2 billion $ deal
.
Does the company manufacture? Engage in research? Have scientific credentials?
How many fulltime employees? Who handles their Investor Relations work?
Why does a company with a 2 billion $ backlog operate as an OTC trash outfit?
OPTI is a reseller, nothing more. Working for commissions is the least profitable angle in business.
You're thinking smart.
A few million $ is no small potatoes , spud! Lol
I doubt it will amount to that much.
There are always caveats...i.e. conditions that could legally derail the contract.
Also, what are the terms? Are we talking about responsibility for the manufacturing side? A commission-based logistics & supply side facility? Advertising only?
There are so many possibilities here making investment too difficult to steer profitably for most, in all likelihood.
You exude a very nice vibe.
Nice to see.
Methinks we all have our dreams and that includes OTC purveyors and especially pink blinks. I don't harbor ill-will feelings towards anybody but like you I deplore these "get-rich-quick" schemes that titillate the palate while not likely to enhance one's prosperity.
Still, I'm slightly ahead financially (here) so I won't complain about that. The ugliness of how parts of the market operate safely within the norms as defined by the SEC? Now, that's something else.
I know you know...having looked in greater depth at some of your posts.
Be strong, tune out the noise and get rich off the backs of the innocent.
I hate that bit of reality but we don't create the world, we just live in it. Eating, sleeping in a sheltered environment, exercising various freedoms as we strut our stuff---it all comes down to where we flex our muscles in an effort to secure our priorities.
Good fortune to you!
Until we know the size of the profit margin there is no way to realistically value the big contract. This reminds me of the TV ads saying you may lose up to 300 pounds on the latest and greatest diet pill. For all we know OPTI's cut of the $2 billion deal may be no more than 100K.
Yeah, sure.
I am a shareholder here but I know better than to assume anything yet to become fact.
Just notified by Avita that the quarterly numbers will be coming out on November 10th.
Thanks back to you, too!
It is a fine company, I've looked at it many times over the years, recently as well.
EPD is my preferred choice, however. They are currently paying about the same in terms of distributions. I prefer the breadth of business EPD focuses upon as it is less pipe-dependent.
For years I was a sizable holder of NGL Partners units. It's now pretty much in the dumps with units sub-$3. That's not for me. Their focus is largely water as I assume you know. PAA appeals to me as I like the gas operations universe in which they operate. Also, living in these incredibly unstable times, I prefer EPD's market cap which is far greater than PAA's.
Size does matter---to me, that is.
If I were to jump onto PAA I'd have to be able to identify a couple of concrete reasons to do so whereas I have built a 10,000 unit position in EPD over the past 2 months or so, having done just that.
Also I might add that over the past 52 weeks PAA has given up considerable ground amounting to twice as much (%) as has EPD. That speaks to instability I find unacceptable. In these times it is especially important to me that while I may be settling for a slower value-based gain than my usual, I need for my choices to exhibit greater security, too. When a company's units are operating at a sixth of their 52 week high, I am concerned.
Thanks for asking, always appreciated.
This is extraordinary for certain.
Beautiful structure in several ways from the outside, has me craving to see the inside. I will have to investigate.
Thank you for a fascinating experience.
Right on, pete.
I added 53.8% this week after adding last week as well.
Loading up on this extremely high quality portfolio anchor for me is a no-brainer. Of course it presumes I have a brain, I suppose.
Oh, and some cash never hurts either, I am told.
.
Maybe it wasn't a pretty week but it sure motivated me to make substantive moves as acknowledged above.
Thanks pete,, for all your wise counsel.
Absolutely the case for this investor!
Institutional players and long term holders trade stocks, too! You can't find reality while being dismissive of extremely important players on the field of stocks. We are all in this to make money!
Well stated for shit sure---and without the shit, I might add.
So many uptight braggers out there in the world.....versus your ever present candor.
One would think that a typical investor in this stock buys and holds until doomsday. I sold a bunch of RCEL (about 4,000 shares) last week before the big drop we saw happening through yesterday, putting the money to work in EPD on the super cheap. Trading spells the difference between losing versus losing. Nobody enjoys losing but it does call for action, not siting around, feeling victimized and complaining.
There are great profit opportunities in this stock and most others if only we trade. Pete, clearly you do exactly what I'm talking about and I salute you for embracing the challenges of our day.
If you apply it tropically you can climb vynes and proclaim yourself a latter day Tarzan, sainted of course.
Actually VYNE is working on a cure for those who do catch crap repeatedly.
Lol
Are you sure it's just hope?
R U saying you crap in your head?
Wow! You must be my long lost brother.
Been there many times.
Lolol
Added some today at $1.66.
Today I added 400 units at $16.82 mostly.
My cost basis is now $16.83, up from the $16.80 of yesterday.
That said, I don't find myself able to set (in advance of market reality) what my best add-on price/unit might be. Generally I want to be adding when I find I am in position to improve my overall cost basis. Today I back-of-the-napkin style deducted the pending distribution from my buy price and it was to my liking for sure. Obviously if things continue to decay I will be going back to the well for another sip.
I like my present cost basis enough to continue along the same path. And I don't think I could find a more reliable return on my investment.
Good fortune to you!
If it is a red day I will add a few u's.
Yes, you're right, of course.
Yet it may be that I feel that way because I'm slow to accept some of the changes wrought the pandemic.
While I was an ardent supporter of NGL for years, I could see increasingly darkening clouds around mid-year in 2019. Not very long ago (this year) I longed to be back in energy. It has long been the sector that feels like home. Surveying the horrorscape I concluded that NGL is not yet appropriate for my portfolio which is already heavily populated by high risk plays.
An old standby seemed the best place
for me and EPD was the pick.
As of yesterday my cost basis was/is $16.20.
By going after units when they are under pressure as was the case yesterday, I find I can maximize nice buying opportunities.
So I am a happy camper.
From Mike K's comments on the quarterly results:
“Our Board has made the strategic decision to adjust our annualized common unit distribution to $0.40 per unit,” stated Mike Krimbill, NGL’s CEO. “Numerous considerations factored into this decision. Our business segments performed in-line with our expectations during the fiscal second quarter and we expect over 5.0x common unit coverage for the period. We are working with our bank group to extend our credit facility maturity. This distribution adjustment should benefit those discussions. We were also yielding over 20% on our common units and we believe the best use of our cash at this time is to reduce indebtedness, improve leverage and reduce bank commitments in the short-term.”
________________________________________________
Clearly much has transpired this year as is well known and I needn't belabor the point.
This year has been too unkind to NGL Partners for me to consider resuming a position, at least not in the foreseeable future.
I continue to wish all NGL followers the very best.
P.S. My conscience is nagging me so I'm adding a point:
I've been building a large position in EPD. This is my response to NGL's recent failings. (for me) If I'm going to pursue a roughly 10% return via distributions, I know which stock is most likely to stand the test of time.
$usei $.00000000000 with news.
Ditto without news.
As a matter of fact, it isn't even a functioning company, so why do we show any respect at all?
It may be too early for predictions so I'm hoping we see some positive results by Quarter #2 of 2021. With the pandemic clearly out of control, it strikes me there'll have to be a virtual reset of the applicable dials between now and then. This may open things up for GNUS considerably.
While I'm not a shareholder at present, I'm always open to relaunching a position in any stock appearing to be promising.
Good luck to all.
Finding the right picks?
Easy 'nuff. Yet gains...denied---
Come to tears undried.
Tonight's debate night.
Brace yourself, lies a-coming.
Swallow, vomit--fart.
It's amazing to me that there are people being of the opinion that there's money to be made trading USEI. Frankly, I'm not seeing it.
It is now an hour and a quarter into the trading day and 10,000 shares have traded. It amounts to a dollar!
That's a whole dollar, mind you...parhaps a lot to some, I suppose.
Absolutely. $22 nails it.
Brainwashing, uh-huh!
Forty-five years---far too long.
We need term limits.
Are you going out?
Wear a mask! Or stop breathing.
We need each other.
Not news to me. Still, I'm OK with developments.
To that I say "Hai!"
There's nothing wrong with "Good-bai."---
But "Hai!" is lovaing.
We could choose to share
Our thrones of entitlement.
Morality costs.
Color ain't never
Arbitrary....blacks live truth.
We design their fates.