thanks to Josef for point this out.
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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:
Not to interrupt the doom and gloom here, but did anyone notice the rally today in the OIL, NATGAS, AND COAL ETFs?
After hours, OIL futures fell and is trading about 40 cents lower on the Australian GDP numbers, but the Chinese PMI rose about 10% to 49.
The ETF USO (closing prices) seems to have bottomed on Feb 18 at 22.86, traded as high as 26.68 on Feb 26, traded as low as 23.53 on March 2, and closed today at 25.39.
I know that energy prices vary for many reasons( like cold weather ), but
perhaps the recent energy price action
( even in the face of a rising US dollar ) may indicate a beginning of the slowing of the rate of decline in the economy.
MMP is buying out MGG.
I'm not sure what to make of this, but at the moment I'm pretty upset.
Mike/Joe,
I own MGG. If MMP buys MGG, is this a taxable event? If so, what would the "basis" be of my new shares of MMP? I'm a little confused on the possible tax consequences. Thanks.
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