.995 x 4 = 3.98 divided by stock price gives you 7.21 % if it keeps raising it it's much greater please tell me where to get over 7% and a stock who has never cut thier distribution since it started trading back in 1996 thats 19 straight years of no cuts in distributions nothing better out there.
Completely agree. Look at ETE near a 52-high at $65. ETE did everything to screw the unit-holders of ETP. I bet two years down the road ETE will split again at $80 and pass ETP again in the $70 range. ETP is doomed to be a high yielder and ETE is a capital appreciator with a faster growing distribution.
ETP is one of the weakest of the MLPs. Whatever the cause, it's disconcerting to say the least. I wanted to be out before the ex- date, but it doesn't look like that will happen. The thin market is hurting.
I found it on Fido. I see with the purchase he only has 40,000 shares. No other activity though!
03/11/2015 WELCH, JAMIE Chief Financial Officer Buy 20,000 $54.97 1.1M 40,000
No doubt there has been a huge cap flight since $69. I feel $69 on the heels of KMI consolidating/simplifying. The fact is the market does not like the Regency deal. ETE is also going up including optiosn for all the wrong reasons. This guy can't get out of his own way!
Yes, we may get hurt more if ETE is using stock to take over ETP. 4 months ago, ETE was 57 and ETP was 65, now it is reversed. Kelcy is a biggest holder of ETE 15.06% outstanding shares (from ETrade, Top Owner), not ETP, not RGP either.
ETE loaded us up with debt while they take part of the income stream free and clear. Yes, ETE screwed ETP shareholders all you need to see is that we hold more debt than our market cap and the share price is down 20% while ETE is close to 52week highs. It's gonna take years to work off this debt and 3 years of the income stream just to get back to the value we had a few months ago, so YES we got screwed.
The acquisition of BG Group by Shell has implications on ETE/ETP with respect to the Lake Charles LNG asset. I think the market wanted to de-risk the value for ETP since there is a new owner with a huge balance sheet (that is likely attracted to the long-term value of the asset), but it looks like it didn't hold.
bluck - ETE is not a c corp and neither is ETP who is acquiring RGP. Your sarcasm is vented incorrectly. There is no recapture here. As for lawsuits - no have actually gone to more than a filing to certify. Almost every buyout has one or more today - truly sad.
you r correct that ETE does own shares in RGP, but so does EROC - so what. RGP has had issues with growth of DCF and this should improve things a bit. U also knew or should have known that RGP was going to get bought out after all the discussion over the last 2 years. you are smarter than that!