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Re: jjkool_01 post# 373385

Monday, 08/10/2015 11:33:13 AM

Monday, August 10, 2015 11:33:13 AM

Post# of 376163
re: RRMS being close to bottom> I do not know. There has definately been some exiting in this one. I have another bid in a bit lower and hope to have it fill. However, I am patient with a longer term view. Nice yield that does not appear in jeopardy. Company reaffirmed distribution growth. If anything, that growth could be reduced. Not sure who can predict the oil market, certainly not me. But I still think this is a good buy for someone who can buy and hold and add additional units on 10% or so further drops. Never achieving a full position until it reaches bargain basement pricing. Where is bargain basement...I dunno...sub $30 most definately is bargain basement but not sure it will see that.
Just my thoughts and I am no investment advisor. I just share and trade what I think.

RBC cut price target to $52 from $60 and maintained outperform rating. To me, this is one of the best MLP midstream stocks out there.
Good luck.

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