9/29/15: Williams a Buy After Red Wedding

MLP Profits has upgraded Williams (NYSE: WMB) to a Buy below $55 following market disappointment with its buyout by Energy Transfer Equity (NYSE: ETE).

For  more information, please see the Sept. 29 issue of MLP Investing Insider

Stock Talk

Mr. Ed, The Talking Horse

Mr. Ed, The Talking Horse

Igor, do you still recommend ETE as well? And, any reason for GEL selling off today? Thanks.

Mr. Ed, The Talking Horse

Mr. Ed, The Talking Horse

…disregard the ETE question. I see that you do still strongly recommend. Any insight on GEL? Thanks.

Igor Greenwald

Igor Greenwald

Erased entirety of yesterday’s loss today, not that they can’t rake it down again tomorrow. But I found nothing material besides it being an MLP.

EdwardM

EdwardM

Red wedding buy WMB under 55? What!! closed at 34.93, looks more like a divorce!! Got e-mail from utility forecaster today. Had dream buy prices for WPZ at $30 closed at 29.75, double digit yield now and ETP at 40. Noted several other services and on SA had buys today on WMB.
Also like another subscriber who wanted REAL update on buy prices on the portfolios please help us. Then give us some dream prices as if they ever hit this point we are buyers. These last few days the selling is like the MLP sector has lost its mind and who is dumping units like there is no tomorrow for the energy sector. Hedge funds, mutual funds needing cash for redemption’s or just individual panic selling with no bids out there. These are the times we really need you to keep us on top of the portfolio situations and any other sector thoughts. Yes maybe a few dream prices on your top 10.
Thanks, as this might help me through another 2008 and 2009 nightmare. Main thing for us income people who pay the bills with the distributions keep us posted on any REAL problems that may arise. We will get through this and I made a lot of money back then and hope to again.
Appreciate your input and opinion on these questions. ED M

Guest User

Guest User

As an owner of MLPL, this past week has been especially painful. That buy up to price I believe is mid $50’s. Pie in the sky if you ask me.

Igor Greenwald

Igor Greenwald

I’ve addressed the slow-moving buy limits at length elswhere in this forum today, but let me just reiterate that our timing on MLPL was terrible. I feel badly about it.

Igor Greenwald

Igor Greenwald

Thanks, Ed. Just shared my view on the recent market action here http://www.investingdaily.com/mlp-profits/stock-talk/#comment-63614 and on the buy limits here http://www.investingdaily.com/mlp-profits/stock-talk/#comment-63588 earlier today, I don’t subscribe to the notion that a price target says much about the value of the stock today, or even that you need a price target to appreciate the value. If I move all the buy limits relevantly 15% above the current price and the long overdue rally hits them in two months, would that imply that MLPs are no longer buys? Or would I just raise the limits 15% above the new price again? And what would be the point? We provide plenty of nuance and risk discussion in our recommendations, have three portfolios explicitly organized by degree of perceived risk and also a ranked Best Buys list. So I just dont believe that a buy limit, however set, provides much if any elucidation above and beyond all of that. I try to set the buy limits honestly, and while it’s never good to see a big discrepancy as during the current market rout, I don’t believe moving limits up and down as market prices change is the value-added service we’re providing. We’ve been proactive in urging subscribers to take profits near prior highs and in steering them clear of at least some of the worst disasters (upstream MLPs, Eagle Rock, Boardwalk, etc.). In my mind a well timed Sell or Sell Half is worth more than an unlimited number after-the-fact target adjustments. But happy to continue this conversation.

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