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"Pipelines are not the market's favorite pick right now and won't be in the future either. ESG and negative political headwinds will plague the market for the foreseeable future.
But, sometimes, negative market sentiment can hide a good turnaround candidate, and I believe that's the case now with ET. Having had an enormously good Q1, thanks to Uri, ET is in a much better place now than it was just at the first of the year. There is virtually no doubt that ET will maintain its investment-grade credit rating, and there is a strong likelihood it will begin raising its distribution sometime early next year barring a negative outcome with DAPL. But DAPL is, of course, looming large in the meantime.
My recommendation is to buy ET with a price potential of $15 before the DAPL decision next March and $20 by the end of 2022 if the DAPL decision is positive for ET. ET could easily hit $25 by 2025. You could hedge your position by buying puts as the DAPL decision approaches."
"The company is currently directing all its excess cash after paying its current distribution and funding its capital program toward repaying debt. The MLP repaid $1.5 billion in debt during the second quarter, bringing its year-to-date total to $5.2 billion. That gave two credit rating agencies the confidence to affirm Energy Transfer's investment-grade credit rating and revise their outlook on the MLP from negative to stable. As the company continues to improve its balance sheet, it will have more financial flexibility to return additional cash to investors either through a higher distribution or unit repurchase program."
Yup, its downside vs upside potential. I waited too long to buy anyway so it doesn't hurt to buy in the .012 range. Downside maybe .8-.7 cents but upside 7-15 cents. JMHO!
I pick pepsi over coke anytime ... ha ha ha! picked up another 600K yum yum!
Throughout all the negative posting I only sold 100K shares. Still have nearly 3M.
I will try to trade some shares along the way to 8 which appears to be the next support level. But it bounces so damn much I should still make some $$$. Divs now 7%
Just picked some up at 8.965 ... didn't think I could have done that!
Yes I was hesitant due to all the news but after much thought realized it has to be done if we live in society that makes us responsible for each other. We get shots when we are young for all kinds of diseases so what is the difference except our current belief systems. By the way I had absolutely no side effects and have you noticed how the pandemic is nearly wiped out after the shots here in the US while in other places where the shot is not given yet the pandemic is gaining steam and running rampant. That says it all.
Just picked up a few shares ... looks like good long term industry and company has promise!
Interesting play on this material, looks like demand increasing
Yeh' I'll buy more in the mid 9's
Yeh, but you make up the difference with the divs if you own it now. Also no one can predict exactly how stocks will act so I took a position that allows me to buy more later.
Yeh, I picked up some shares as well. what do you think of @BSTZ?
Yeh, I started a position.
No one is following this stock? Looks like a nice buy in right about now. Year high of 61 and a current yield of 5%. Not bad in a conservative outlook.
https://seekingalpha.com/article/4391615-bst-enjoying-monthly-income-attractive-growth-too
Yup, picked up some today at the low.
Thanks, picked up a few more shares!
Took another 100K shares off the table, OK who will join me.
Yeh, might as well pick up another 100K shares ... done!
Oh yeh, and dilute the existing shares by a whopping 4% ... I am shaking in my boots!
Well at least one of my positions at .020 got filled ... tough to get discounts anymore.
Currently if the MM's want some decent volume they will need to raise the price for sales or lower it for buys JMHO!
Just round out my position .. thank you very much! Keep buying folks!
That could be news driven like going to the OTCQB (actually) or some business expansion news.
Upper resistance shows now at .02 ... if we break higher EOD then we should scale up .03-.04 but MACD and RSI are still weak so we may test some lows (before that happens) but should still stay comfortably above .01 JMH(technical)O!
If we get an EOD above .02 then we should be off to the racers ... come on OTC Gods, help finish my great trading covid year with a super ending!
uhhummm, cough cough .....!
Yup those were my last two purchases ...
Buying positions up to 2 cents should have a good return within a year!
That last 50K trade was me, I am a believer!
Yeh I am one of them, starting to buy a new position today ... yum!
Still holding my 1% of the company!
Just found this one, looks interesting once the RS happens ...
I wonder sometimes when you sell a large position that the MM's drive the price higher to sell those stock and that feeds the PPS to go even higher by MOMO buyers. All this meaning that your sell drove the price up.
I am able to live on 1K a month and take my extra SS money and visit florida for a month this winter. I guess it's how you structure your finances (pay off car and mortgage) but 7K/m is a lot of money to me.
Note that until Covid, everyone was working. Lowest national unemployment rates ever.
Not to be insulting but 20K posts and you cant figure that out for yourself ... nothing personal, just an observation!
OK that makes two of us ... any more ... 98 to go!
One hundred of us would control the price of this stock.