Obviously some big fund or computer driven trades here - SXL down $2.50 and other piplines are down Big Time - KMI, etc. some major fund selling???
don't know why trading is not halted.. obviously shady activity going on
1.12 revenue per unit and we will be rocking on, be better the higher above that number
Goldena--, If you buy today, you will not get the distribution, that's why the price dropped the amount of the distribution. The exchange does that so smart traders like you can not have it both ways. The proper term is EX_DIVIDEND or in the case of ETP EX-DISTRIBUTION. I'm sure that you knew that when you stated, that you would buy now that the price dropped. As stated many times before, you DO NOT know anything about this company or how MLP'S operate. I'm positive that after they announce 2nd quarter earnings later today, you will state, how can they pay such a high distribution, when their earnings do not cover the distribution.
Today is ex-date, too late to get the Aug 14 distribution on the buy side.
"nice juicy distribution"
Yes, buy the stock just to capture the $1.03 distribution and then sell the stock after it drops $2. Anyone who says "juicy dividend" is probably not going to be noted for his intelligent investing thoughts.
The cutbacks in funding for residential care facilities for the challenged seem to have resulted in all sorts be allowed out on the streets and posting on Yahoo.
"Thoughts?" MLPs pay distributions, not dividends. It can be confusing to people who are easily confused, like yourself.
Yes I see from the IPO info lots of investment to process domestic fuel oil. I put in for a small amount, Price range $16-$18. I did not get the shell spinoff be interesting if I get allotted any shares here.......thanks
The development of this crude-by-rail infrastructure in the Bakken, together with extensive existing railroad infrastructure and recently developed unloading facilities such as the North Yard Terminal, provides those refineries without any pipeline connection to the producing basins with low-cost crude oil relative to foreign waterborne crude oil.
The positive thing about the golden--- selling his units on 7-21-15, I'm sure at the daily high, is that the units have gone up with the announcement of the distribution increase. As previous stated he has no clue how this company operates or what a MLP is.
The fortunes of the old Sunoco south philly refinery have certainly changed for the better. when Sun owned the refinery, they only processed Brent crude, which was high priced, shipped in tankers from over seas. Today a large % of the feedstock comes from North Dakota by rail. Most refiners are currently making profits with the reduced cost of crude. eg. PBF, Tesoro, Valaro, Marathon etc. ETP has had a good deal on this property, they have no expenses but share in the profits, since they gave the refining assets to PES, they also gave up all future liabilities. A review of the amount of tankers coming up the Delaware river with Brent crude, shows a decline in the amount of this feedstock. I do not the particulars but I believe the ETP will continue to receive their share of any profits in PES, and with the current cost of crude, this IPO should be considered.