Atlas Energy Resources increases the number of shares in its offering.
Also Goldman raises its second half oil forecast to 140 and of course oil is up 3 dollars. Talk about a self fulfilling prophecy. How about ridiculous! They basically control the whole oil market anyway. Glory!
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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3 comments:
Hi Joe. I own some DUG as well but must admit I'm a bit concerned. You're basically shorting XOM, COP, CVX, and SLB, which don't really need $130 oil to thrive. That being said, oil has become so volatile that if it takes a quick dip to $105, DUG should race back to the low to mid 30's, and then I think I'm out.
i agree. This was a trade and my logic behind it is that if oil corrects and energy gets taken out to the woodshed mlps will probably go along for the ride to some degree. This is for a short term move and if we get to mid 30s...i'm gone.
i agree. This was a trade and my logic behind it is that if oil corrects and energy gets taken out to the woodshed mlps will probably go along for the ride to some degree. This is for a short term move and if we get to mid 30s...i'm gone.
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