I bought GPP when it was trading at $13.76/share in April 14, 2016 and I am up 0.15% or $1 so far.
Business
Green Plains Partners LP is a fee-based, limited partnership formed by our parent, Green Plains Inc., to provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. We intend to seek opportunities to grow our business by pursuing organic projects and acquisitions of complementary assets from third parties in cooperation with our parent.
Long or short?
I am long GPP. I think the price right now is good entry point. The only reason why I bought in is because of the dividend yield of more than 10%.
If the oil price recovers, I believe GPP will skyrocket back to $16/share with more demand for ethanol blend.
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