Have you been sleeping for a year or so? Anyone who believed that this company was insulated from the price of oil and gas made a mistake. But the trade to avoid such losses were a long time ago.
I agree with you about natural gas...it may be counter intuitive, but ETP's STOCK movements correlate with oil...they shouldn't...but do. Comparison chart UNG vs ETP does NOT seem at all analogous.
Waldo.. that's yesterdays news.. You are a few months behind... In the meantime the use of natural gas continues to replace oil in all market segments and oil natural gas prices are stabilizing.. Remember 2008.. well this time it's different, we won't jump back up to 100..maybe 50-80.. and Natural Gas works just fine over 2.00..
While the pundits and analysts have been telling us that this company was "Insulated" from the commodities price (Oil &Gas) and ETP was just a "Toll Road" for oil & gas (primarily gas)...its just not true. Remember...a company IS NOT it's stock. This stocks performance is highly correlated to the price of crude. Look at a 1 year comparison chart with USO (ETF for oil). Ignore all the other "noise". Oil Price increase = ETP stock price appreciation.
We believe the partnership’s distribution is secure and the 13.4% yield is attractive, but near term challenges may limit price appreciation. And, the problem is what? I guess we should sell and by 10 yr. treasuries for 1.80%. Near term appreciation may be limited, but I will cry all the way to the next dividend. And, if this is in a retirement account even better...
David Tepper has a team of the top investment people to check every stock top to bottom he is not going to half way and fast buy a company stock. he is a self made billion dollar plus person and not even 60 years old. he will double - triple plus his return and that does not count unit payouts [dividend}. think he paid around 35.00 each. yep go with Tepper or someone who you know nothing about ?. long termer here
down grade etp just the start of down grades, yep that is why David Tepper bought over 5 million shares because etp is junk, long term holder here
I think ETE would pay the termination fee tomorrow if they could, but they can't. The termination section 7.01 of the ETE/WMB agreement lists events that allow for termination by either party. Absent the occurrence of one of those events, and in the event of ETE attempted termination, WMB could sue for specific performance of the agreement. To date, none of those events have occurred.
The last event, still outstanding, that could allow for termination is the failure to procure WMB shareholder approval. If WMB shareholders approve the deal, the deal closes or ETE gets sued if it tries to avoid the deal. I suspect Delaware Chancery, which is known for enforcing agreements as written, would mandate closure at the terms in the agreement.
I tis ETE (parent company) and not ETP that is engaged in the merger. I think that in the end ETE will pay the penalty and not close on Williams.
I have always felt that the dividend was secure so have held onto my position. Does not hurt to have someone else say it as well. Although, even if the dividend was cut 25% - 50% and the money was to be used for building another pipeline I could live with a 7% yield as I expect that the price of the stock would rise nicely in return.
Hello!! We believe the partnership's distribution is secure and the 13.4% yield is attractive, but near term challenges may limit price appreciation," analysts stated.
When you consider the number of income producing projects coming online in the next year or so and existing cash they are in very good shape. They may need to cut future cap as but that will depend on the level of May has demand and impending exports. This is What happens in an unpredictable market with trading rooms losing their shorts. They manipulate, commit RICO violations and lose a lot of money as well.
Sentiment: Strong Buy
Do you think this is an attempt to drive up the cost of capital to the point where they are no longer viable and ultimately have to declare bankruptcy? What happens to capitalism if this practice is permitted? There are security regulation SHO for those orchestrating rumors to drive down prices. Maybe they should be reported.
This stock is being worked by traders all day and every day - and their "analyst" cronies. They push it up for a few weeks and then down again. All of their expert opinions have been dead wrong for close to a year.
Sentiment: Strong Buy
Key line, "We believe the partnership’s distribution is secure and the 13.4% yield is attractive, but near term challenges may limit price appreciation."
These guys make absolutely no sense. If you actually believed the yield was secure, you would be buying hand over fist and putting it away.
This merger has been a pos since day one. I think etp would love to cut and run but the agreement does not allow for a out. Hopefully shareholders will kill this pig...