A volatile swing trade is a higly rewarding trade that its so volatile it will put most away, with mostly daytraders taking up positions. It will generally involve a heavy downtrend break and some ciclical movement going back in the stock history. If you are risk adverse, stay away from this one. Being an oil and gas company the only way i would see it moving against the sector would be a renewable energy play upcoming...just a guess.
There is completly abnormal movement in the past few days, its hit a bottom and its bouncing hard. There will be a heavy pullback, but the formation is promising. Watch closely, at least set an alert :)
300 shares min for daytrading if there is volume, swingtrade not a day trade, but its so volatile that it may be interesting to look at.
"Sanchez Midstream Partners LP (NYSE American: SNMP) is a growth-oriented publicly-traded limited partnership formed in 2005 focused on the acquisition, development, ownership and operation of midstream and other energy-related assets in North America. We have ownership stakes in oil and natural gas gathering systems, natural gas pipelines, and natural gas processing facilities, all located in the Western Eagle Ford in South Texas. We also own production assets in Texas and Louisiana."
nteresting fact:
"Based on aggregate information from My MarketBeat watchlists, some companies that other Sanchez Midstream Partners investors own include Golar LNG Partners (GMLP), Pennsylvania Real Estate Investment Trust (PEI), Gran Tierra Energy (GTE), Cannabics Pharmaceuticals (CNBX), Washington Prime Group (WPG), CBL & Associates Properties (CBL), Aeterna Zentaris (AEZS), OrganiGram (OGI), Zosano Pharma (ZSAN) and ADMA Biologics (ADMA). "
Do you fit the profile? :)
Good Luck!
There is completly abnormal movement in the past few days, its hit a bottom and its bouncing hard. There will be a heavy pullback, but the formation is promising. Watch closely, at least set an alert :)
300 shares min for daytrading if there is volume, swingtrade not a day trade, but its so volatile that it may be interesting to look at.
"Sanchez Midstream Partners LP (NYSE American: SNMP) is a growth-oriented publicly-traded limited partnership formed in 2005 focused on the acquisition, development, ownership and operation of midstream and other energy-related assets in North America. We have ownership stakes in oil and natural gas gathering systems, natural gas pipelines, and natural gas processing facilities, all located in the Western Eagle Ford in South Texas. We also own production assets in Texas and Louisiana."
nteresting fact:
"Based on aggregate information from My MarketBeat watchlists, some companies that other Sanchez Midstream Partners investors own include Golar LNG Partners (GMLP), Pennsylvania Real Estate Investment Trust (PEI), Gran Tierra Energy (GTE), Cannabics Pharmaceuticals (CNBX), Washington Prime Group (WPG), CBL & Associates Properties (CBL), Aeterna Zentaris (AEZS), OrganiGram (OGI), Zosano Pharma (ZSAN) and ADMA Biologics (ADMA). "
Do you fit the profile? :)
Good Luck!