Same here as I'm sure you know re. DK. We jumped onto the bandwagon at the best possible moment, it seems. I'm assuming you got on board around the time that I did.
You don't mention ETP. I've got a gain of $681 which is small but it's not terrible given that I launched on November 17th. Three weeks in, I'm seeing a 2% gain. It annualizes at 34% but it's not realistic after just three weeks. But I'm liking the potential for a radical turn-around to the upside. I'm not saying I see it happening but I'm not easily deterred from following my instincts, either. Articles from SA abound all over the place and many contributors maintain popular rhetoric to the effect that this is a disaster. I wonder how many just happen to be Cra-morons hoping to be loved by every investor afraid to think independently?
Cramer said late last week that EPT is a disaster; I think he referred to it as a "no-show." I don't know how to interpret that, frankly. I've always looked at a no show as one not appearing as in a scheduled marathon (my personal experience venue in earlier years.). EPT does show, though, albeit not necessarily as everybody might wish.
Today, ETP tacked on 14 cents. With 2,000 units in hand, that handed me $280 to the plus & gain side. If that's a "no-show" moment, I hope to be blessed continuingly so! lol Spock is up there tell me to live well and prosper. lol
Permit me to confess I'm not a Cramer fan. He shuns stocks paying high yields. I suspect it's part of his effort to protect the unsuspecting. I don't view any of us on boards which I moderate as jerks unable to self-pilot. If I'm correct, his idea is to turn folks onto permanent holds, something I would never want to see become the rule of thumb.
If I were to avoid all high yield payers, I'd be a Walmart greeter.
There's much to not like about EPT. Debt is certainly the lead issues. But capital-intensive projects are set to slow majorly in the coming year. I'm thinking that if this doesn't result in greater free cash flow metrics, then perhaps management will cut the distribution to enable self-funding. If this initiative were taken right now as in today? I'll betcha units would soar by $3 or more almost immediately.
ETP's allure for me lies in the possibility that it will catapult forward. It is unquestionably my riskiest play in the high yield area. I do not anticipate adding to my 2,000 units. If my gamble pays off, I'll laugh all the way to the bank. If it goes bust, I'll salvage what I can and hope that I'll have not lost much if any along the way.
Please know that I'm not suggesting you or anyone else buy ETP. But on the chance that anyone may have a few bucks to gamble for fun, it may make sense to launch a small position of a hundred or so units. It's a great opportunity to learn how this particular pick moves to change its perceived value and hopefully moderate its moves to shore up a diseased balance sheet.
I've gotten into this pick knowing that at the right price I'd sell in a heartbeat to deepen my NGL reserves. With about 14% yield $$ coming my way, it's quite the offset to the 5.7% margin interest I'll be paying. I really can't lose on ETP unless it tanks. Not likely to be..
And GMLP is capable of becoming a stunner too. There's plenty of energy out there, it's just not always in the right places to meet the needs of some countries and their populace. This pick may be a good idea, too.
Meanwhile, stay vigilant, enjoy your productivity and let's all be thankful for being alive and capable of foraging.
