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CVRR CVR Refining Risky Buy For 20%.

This blog provides comments and thoughts on the financial markets and specifically—dividend producing investments.

(Update November 2013;  A risk position that bombed.  If you have a small position hold to collect the dividends until you break even, and then sell.  There is no reason to sell now and take a loss.  It is possible this dog will turn around….who knows.)

(Update September 2013.  A very risky play that has turned bad.  If you own it hold on for a potential turnaround.  Otherwise stay away.  A classic example of enticing dividends that pull in investors while the stock tanks.)

CVRR is getting my attention.  This is a Master Limited Partnership MLP that pays 20%  Yes that’s right:  20%.

This is obviously risky and only suitable for a tiny portion of your speculative money….there is a  possibility you could lose a significant part of the invested money.

Here is copy from their website:  “CVR Refining’s petroleum business includes a 115,000 barrel per day complex full coking, medium-sour crude oil refinery operated by Coffeyville Resources Refining & Marketing in Coffeyville, Kan., a 70,000 barrel per day medium complexity crude oil refinery operated by Wynnewood Refining Company in Wynnewood, Okla., approximately 350 miles of pipelines, more than 125 crude oil transports, a network of strategically located crude oil gathering.”

(Update May 21:  Consolidating OK to BUY $30.49–but you may be able to get at lower prices if you wait . Very small amount to start.)

(May 15, 2013 Update:  This thing is tanking.  Hold off on buying..will buy at lower prices.)

Current price is $30.45.  Try and buy around $30.00 within the next few days.  I plan on holding but if the price jumps dramatically I will sell for a profit.

Check out DSL, a conservative choice you may find attractive.

Additional commentary is posted in the right margin under ‘Recent Posts’ and in ‘Background’ and ‘Investments’ at the top of the page.  Bookmark this blog and visit often!

I am not an investment professional.  You must do your own research before buying any position.  All gains or losses that you realize are based on your choices.

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2 comments on “CVRR CVR Refining Risky Buy For 20%.

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