I share your concerns based on my history with the GP SDRL, but as you know I am heavy in MLPs and not too worried about the short term fall they all took in sympathy with oil. SDLP is a gem and I hope to add again when gaps get filled. However all 9 of my buys are now green so maybe I should flip those 2.94s today as we smashed through $3, for a lower average, higher accumulation... I will be glad to hold twice what I have now while oil comes up on the supply/demand swing into summer driving season. So I am watching the L2 and chart which seems to keep trending up. Later day pull backs are common with the fear and volatility indexes running high.
Hopefully SDRL can survive and manage their debt. SDLP will surely do well for us if the parent gets through the maze and holds on for better oil metrics surely coming.
Because of the great potential conflict of interest... as you know happened over at NTI and could be the only thing that stands in our way here, the big banks must be broken up. Inside their funds they control enough units to provide the freshly printed capital by the Fed in order to reap the interest on loans in return for votes, thereby tipping the balance away from us private investors of 53% to the GP at 47%. The ratio over at NTI was 62-38 and we still got easily kicked to the curb.
GLTA!
"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-
AI
