The purpose of this post is pure gloating, so if you’re not into that kind of thing, you can step out the door.
I purchased HCLP in the middle of last August for $24.00 a unit. In 10 months, they’ve appreciated 130%, which doesn’t bother factoring in the almost 9% on my original $24.00 price tag they’re paying me this year on the side, in distributions (yields only 4% to you if you buy in now).
There were some opportunistic trades in there for profit also, but who’s counting…?
Now you just remember who the victor is in this game of “Cain Versus The Analysts” going forward.
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do you think it’s industry or the chase for yield that is fueling it?
still like coal/nrp?
I think it’s the industry mostly. HCLP is expanding by leaps and bounds.
You have every right to gloat. I just smile as HCLP gallops along.
What’s your price target on HCLP? I’m in there with you with a huge gain.
I don’t have one.
This is one of those times when you look around, you see that this trend towards natural gas and building out US domestic energy product; it’s just getting started.
HCLP has positioned themselves brilliantly. I can’t fathom the price target when they’re growing at 100-200% annually. It’s just too ridiculous; I don’t know enough.
But I do know what my average cost is here, and it’s cheap. It’s so cheap, HCLP could get cut in half and I still walk away up 15% for the year on the name.
I have no catalyst to sell. There’s no reason to. I don’t see any headwinds against the company. There’s no production issues to worry about. No financial problems.
It may be a little hot in the stock market and there could be a correction. So what?
10 year time frame, no price targets, no second guessing this. I’ll sell when there’s an actual reason to.
Thanks for that thoughtful reply! I’ll hang on to it and maybe add if this recent dip continues.