We have no way of accurately predicting the future in oil, certainly not when examining the next few months. Will the MLPs rise from here? Most probably, yes. Will they match recent run-ups as we come down the homestretch approaching quarterly guidance? My bet is no, we'll be left out to rot in the gutter.
Even if guidance favors the high side, I can't imagine unit pricing to move in stride with historical norms. Why am I so severe on this now? Simple:
Everyone knows that the dynamics have been so crazy extreme of late that while an MLP unit will probably rise somewhat, it can be expected to drop like a rock immediately following the announcement. That makes further investment right now---during this extremely hi-strung time period---truly foolish in my opinion. There's a time to invest but it is hardly when there's little to no visibility. I think to do so is totally nuts. And this is coming from a guy who ordinarily operates with about $300Ks in the MLPs we're discussing. I'm now holding just a third of that, having beefed up elsewhere and invested in land, too.
I hope for the best, certainly. I'm not counting on it, however, and I hope I'm scaring a few good people here before they blow their money due to conflicting opinions.
Recent CVI News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/30/2024 08:25:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/29/2024 09:13:56 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 09:42:52 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 09:18:56 PM
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