There are longs and not-so-longs among us. I'm a mix, myself, as I do this full time and when I smell a rat, I'll burn it posthaste.
MLPs represent higher yields than the majority of stocks out there. Many dividend hunters chase them for the distribution and then, once in hand meaning they've received the funds or are credited with them as per having held the stock prior to is going ex---then they'll be thinking: "Where can I make some money now? After all, this stock is dead meat for three months."
The caveat here is that as a company grows its bottom line efficiencies and prospers, we know the valuation will rise accordingly and we want to get in while things are cheap.
This is why I'm poised to jump all over NGL if it drops bigly.
In the case of ALDW, it's different for units are waaaay too cheap even now after a strong rise into guidance yet to come out. I will be a buyer no matter what if units drop much. If I pay more today than units run tomorrow? I'll be averaging things anyway and can't let myself get hung up on ego-driven nonsense.
For me it's always going to come down to cost basis. My ALDW cost basis is $8.08 so it's about to drop below $8 and I'm delighted with that. NGL---my cost basis is $11.98 and will drop towards the mid-$11 range. For this company I think it's perfect as I expect we will be seeing north of $20 by Spring of 2018. That's not a long time for me despite being a cancer survivor. lol
These picks are very exciting for me as I'm sure you can tell.
I appreciate your questions, by the way.
Recent CVI News
- CVR Energy Reports First Quarter 2024 Results and Announces a Cash Dividend of 50 Cents • GlobeNewswire Inc. • 04/29/2024 08:57:32 PM
- CVR Energy to Release First Quarter 2024 Earnings Results • GlobeNewswire Inc. • 04/16/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 09:42:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:20:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 10:17:09 PM
- CVR Energy Reports Fourth Quarter and Full-Year 2023 Results and Announces a Cash Dividend of 50 Cents Per Share • GlobeNewswire Inc. • 02/20/2024 10:06:40 PM
- CVR Energy to Release Fourth Quarter and Full-Year 2023 Earnings Results • GlobeNewswire Inc. • 02/07/2024 01:30:00 PM
- RFA Asks Fifth Circuit to Rehear SRE Case, Transfer to DC Circuit -- OPIS • Dow Jones News • 01/09/2024 05:32:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/02/2024 09:16:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/21/2023 09:22:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 09:27:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 09:25:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 09:23:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 09:22:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 09:18:56 PM
- CVR Energy Announces Pricing of Private Placement of $600 Million of 8.500% Senior Notes due 2029 • GlobeNewswire Inc. • 12/08/2023 09:20:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/07/2023 01:12:19 PM
- CVR Energy Announces Private Placement of $600 Million of Senior Notes • GlobeNewswire Inc. • 12/07/2023 12:56:18 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/31/2023 08:18:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2023 08:54:14 PM
- CVR Energy Reports Third Quarter 2023 Results, Announces a Cash Dividend of 50 Cents and a Special Dividend of $1.50 • GlobeNewswire Inc. • 10/30/2023 08:47:01 PM
- CVR Energy to Release Third Quarter 2023 Earnings Results • GlobeNewswire Inc. • 10/17/2023 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2023 09:25:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/18/2023 08:24:02 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/01/2023 08:26:56 PM
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Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM