Morning Thoughts – Oldinvestor

So I got like 3 hours of sleep last night. It’s a bit harder to function right now. bear with me

LNG feedgas to US export facilities at

I’m guessing Sabine pass is to capacity on storage and they will not be taking any for a few days. I am interested to see if they ramp up past recent highs to make up for lost time. Cheniere Energy would have been a good buy on the dip. They look like a good buy. There are two symbols, not sure why, maybe one is a parent to the other? The symbols are LNG and CQP. CQP has a 6+% dividend yield right now. I would be interested in selling a covered call against CQP if I have room in my account for that.

While LNG is falling off a cliff, production is showing reductions of a noticeable margin now. Weather predictions are shifting to normal in the next couple weeks. Hurricane Laura has another day before completely smashing into the coast near Sabine Pass and Cameron export facilities. This will be the focus the rest of the week unless something else bigger than this comes about. I’m going to keep this short. My positions

UNL – 50% in from $7.4 I think it would be ok to reduce here, but there is a slight chance UNL won’t pull back much in the coming weeks/months. I’m going to continue to hold where I am.

BOIL Covered puts.

Covered Puts as of market close 8/25/20

I’m not going to screenshot my account until there is significant change to my BOIL position. I mainly want to show the underlying moves significantly and I have stayed fairly well protected thus far with BOIL. When something changes, it will be updated here. My paranoia has come down some since yesterday. I think I have little to consider until next week at this point. Good Luck