Go to the National Association of Publically traded Partnerships and read their primer on MLPs 101. you should have read it BEFORE you bought. That said. Filing taxes using a K-1 and TTax for example only takes a few minutes. The only big suggestion is do not sell part of your uints. Selling part of them makes tax filing much more complicated.
I have also read we have aliens living in our cities. Would love to know your source of information. The only big thing going right now is buying Susser and then ETP can indeed sell Susser off along with the Sunoco stores and make money. Susser's distribution business fits ETPs existing businesses. Getting rid of retail simplifies ETP.
as I have recently read.
Yes, like my previous post suggested, the author said how etp could simplify things by consolidating, but said how things were actually gonna get more complicated.
With 2 more units, they are going to have to split up assets.
Perhaps till its all said and done, each etp unit will own about a foot of pipeline.
Don't know what I did wrong. Fidelity posted today at 54.4255. Anybody else get a discount drip posted?
Please post cost per share here to 4 decimal places.
my kinder was in KMI and KMR so I'm a happy camper. In fact I put on an arb trade, selling all my kmi bot kmr and started shorting kmi.
I use specific identification for the lots I sell so if I sold today's drip lot, the gain, if any, would be peanuts.
In any event, I hope ETP doesn't pull a KMP deal, which just kills my 2014 tax plan. I planned to die with both to get the step-up in basis. Half that plan has been shattered by Kinder.
Well, I can't resist a same-day 5% profit. I already know exactly how many shares I will get even though Fidelity won't post them to my account until next week. I could sell the drip shares today and pocket 2.80 per share vs yesterday's close. I wish I could make 5% same-day on all my trades. If I could, I'd be sitting on my 300 ft yacht instead of posting here, so I take the gimmees when they are offered.
lol your like clock work!!!
I'm stopping my etp company drip. getting to the point where its better to reinvest the distribution $$ elsewhere cause the relative price of etp\ete is high, been looking at easy low hanging fruit and bottom picking in other MLPs. such as KMR/KMI arbitrage, arp, qre ....
The average of the daily highs and lows for the 5 trading days ending today is 57.093. Thus 95% x 57.093 = 54.23835 which the ETP drip administrator will round to 54.2384.
I think that makes better sense that ETE buys up ETP. I think things are just getting good with ETP, so prefer to not have ETE buy out ETP. Plus, the pure fact I would have to find another pipeline MLP that has good fundamentals but still is cheap - everything has gone up so much, it would be hard.
I hope so. Investors have also complained about the complexity of ETP and subsidiaries. Plus I wouldn't mind seeing a 19% uptick in PPS.
its easier to cook the books with 3 different entities.
whats happening over there at kmp sounds phoney, like what penn did when they spun off that reit.
Susser makes things much simplier. This is because Susser can be the place the Sunoco stations go while ETP keeps the distribution business. Putting both retail operations together in a business makes it viable as an entity to sell. ETP thus gets more for both retail areas and keeps the lucrative distribution business that Susser did not run very well. Just going to take time.