sold all my ETP at 64.25 and bought into WPZ, ETP is very strong and could go higher based on momentum but value wise I sold at 64.25 with a 3.82 dist for units at 51.70 with a 3.66 distribution... so basically i saved 10 points and almost have the distribution, now I can that $10 diff to buy something else.... (i know 64.25 - 51.70 is not $10, I figure a few bucks for LT Cap Tax gain.)
I got the update from the company directly but thanks for your input. It would be great if a buyout or restructure could be achieved wherein the IDR payments dissappear. Such changes are afoot in the pipeline business these days and it would likely be a substantial benefit to ETP holders. Fingers crossed such an outcome may develop!
Morgan Stanley upgraded to Overweight From Equalweight, with a price increase from $58 to $70. I think all the analysis are going upgrade soon and raise their price targets (they are just like penguins - when one jumps in the water they all follow). About time ETP is getting some love...
Yes but when the vending machine you are trying to buy from doesn't take fifty cent pieces, you are better off with 2 quarters, like it or not. I have been in at 47 for four years and looks like I am yielding about 8%. I prefer no changes...just keep on doing whatever it is you are doing but I am afraid we are going to get this Kinder Morgan thing and end up with a big tax bill however the sky will be the limit after that. No more fat yields then, but nice capital appreciation.
SERIOUSKLY! Your answer proves what some of us low lifes keep reminding you higher income types. Just because the market is higher does not mean that the economy is better for everyone.
But keep ignoring that little fact.
THose low and zero commissions allow NEW monies into the system, even someone with $60. to spend, giving you a chance to take it from them arbtdr.
oops. meant to hit the thumbs up; can't figure out how to undo. I meant to thumbs up in agreement that splits make no nevermind. A successful company with a rising stock that splits normally continues to rise; a struggling company with a stock that reverse splits normally continues to struggle. The underlying business is the more persistent force and will overwhelm any modification of the record keeping.
Tier 4: When the LP’s quarterly payout exceeds $0.4125 per unit, holders of the common units receive 52 percent of the total distribution above this threshold. IDR holders collect 48 percent.Energy Transfer Partners has distributed $0.89375 per unit in every quarter since August 2008; the MLP reached the top tier of its IDR structure–called the high splits–years ago.
i I know a lot of people do not like splits,the only reason Ilike them is that it usually puts a lid on how far it goes down ,usually after a split a base price so ot does not bgo toolow that has been my case with the oil companiesI have never gone below the first split and have got splitts again after afew years
And the run continues even while other MLPs trade down in a general trend.
With a yield still above 6%, the parent continuing to drop down assets, the distribution growing, a market cap in the "large" category, and trading volume that puts it in the highly liquid category, ETP is attractive to almost every class of investor/trader.
The 2-year chart is a thing of beauty. A few months pause or pull back to the 50 day moving average would not mar that picture.
The stock is not overvalued here near 62. I'll take as much of a 6% and growing dividend from a company executing competently as my portfolio can absorb.