Ever notice how NONE of the calls he takes on the air disagree, or calls him out on bad picks? Zero. None. All the callers tell how he's made them fortunes. Some tight screening there.
yeah, no kidding. always interesting to see him pump companies that appeal to his lifestyle rather than what makes economic or financial sense. he is bullish on Whole Foods (which hit the dumpster) and bearish on tobacco stocks (which excelled).
he pumped ALU and SPH which dove. He pumped NOK which dove. He pumped ALU which also declined.
no way can he, or his tightly controlled staff, possibly do DD on all the positions he takes. IMO, The Street suffers for their alliance with him
Because too many investors rely on these boards to do their research for them, instead of looking into it themselves (starting with reading what has been posted here).
I believe it is because it will take on RGP debt. But even with the debt, RGP was able to cover an 8.5% distribution. That cash outflow will drop to the 6% or so that ETP pays out, which is a win for ETPers. Think 'market over-reaction'. People panic, and move without thinking. This thing is going to play out over 5 months, I expect a mid-June close.
Only the shorts would like that, my friend. But how low can oil go? Many predict it won't stay here too long. Let it go up a couple of bucks, and you'll see oil shares rally!
No savvy investor is looking at the price dip. MLP investors care little about that. They've lost nothing, in that they aren't selling anything. There is a target of what, 67 plus? They'll get over it. In the meantime, they should either buy some more, or better yet, sell some puts (which are priced pretty good right now!).
Not to be a smart #%%, but I would much rather see something that doesn't take 7% off the stock price. You know what I mean?? Another thing, if the price of oil continues down, you are going to have a rough time trying to get this approved by your unit holders. I hope you thought of that.
Those poor KMP shareholders now own KMI shares. Those KMI shares sell at a price that is significantly higher than every enjoyed by KMP.
Yes, this is a different situation. RGP isn't being acquired by ETE, but by ETP (which is still an MLP). This means RGPer tax deferrment goes merrily on... BTW, I'm against the merger (as an RGPer), but since it's bad for us, I'm sure it's good for ETP (hey, you're getting RGP at a bargain price. Sure, you get some debt, but we lose equity AND 25% of our distribution). If it's bad for us, it must be good for someone (you!).
I guess it is mess...not going to let one day judge it if it was a good or bad merger. I think it is a good deal for ETP but not so sure for the other side. This really does not change my out look for ETP in the end (except it is cheaper today then on Friday's close).
Rejected by who? ETP owns 22% of RGP, a good start. ETPers don't really care about price, they want the distribution. Taking on RGP and effectively lowering their 8.5% distribution takes the sting out of the debt they take on. Hey, don't get me wrong. I'm an RGPer, and I would love for this thing to fall apart. We're getting screwed bigtime. We get less for our equity than it is worth ($5?), and we lose 25% of our distribution.
I wonder. Hey, I'd love it to unravel. We're getting a royal screwing. RGP is up, ETP is down. The ETP distribution is 25% less. The upside on ETP is much smaller than RGPs. BUT... only RGPers care about this. ETPers still get their distribution, and if they DRIP, they pick up shares at lower prices (higher distributions!).
Regency is "offered" .4066 etp units plus .32 cents cash for each of their units. ETP just broke below $61. I can only think some are hedging. Is there an economic reason for this thrashing? That means below $25 per share. Regency was trading higher than that in December, and far higher earlier in Sept at over $32 a share. Feels like just following Kinder. There all the owners of KMP got literally destroyed in taxes. Decades of non-taxable distributions became taxable in a day. Any thoughts?
I'm talking about KMI take out of KMP. ETE would have to sweeten deal to ETP. All this is speculations of what might happen after RGP closes. It looks now like deal might unravel as shares are dropping.
Announcement made, dividend increased again, and price falls over 6% today. ETP keeps falling and whole thing may get rejected. What a mess. Yields over 6.5% too.
Almost 15% in a few hours. Management has forgotten it's fiduciary responsibility to MLP shareholders. This deal is unraveling before the ink is even dry. RGP holders will reject it at these arbitrage values to ETP.