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Breitburn Energy Partners L.P. Message Board

  • beginswithz beginswithz Nov 2, 2010 11:09 AM Flag

    BBEP vs. TOT

     

    I would like to consolidate the energy component of my 20-30 stock retirement portfolio into two or three stocks...now considering a mix of 50% BBEP, 50% TOT.

    Any reason I should consider holding 100% BBEP, some other MLP, or adding a third stock to BBEP & TOT?

    ANy reply will be the beginning point for more work on my part. Thanks in advance.

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    • I trimmed my holdings in half to 13. Energy from five to two,BBEP and AMJ. PVX led me to BBEP and have added under $10.

      I see upside with BBEP but only at 40% of my energy and 8% of my total portfolio.

    • begin if you like energy then like rl said be a little spread out to 4 or 5. if you like bbep you should also study linn (line) and mwe (disclosure I hold all 3 also recent post of mwe from mwe board). Line is the exxon of the E&P mlps and mwe has the best growth potential over the next few years of the G&P infrastructure mlp's (cpno and apl and ngls are also some attractive G&P mlps) and obviously you have the big mlp gathers like kmp, etc to chose from.

      Here is list of infrastrructure and E&P mlps'

      MWE AHD APL APU BGH BPL BWP CHKM CLMT CMLP CPLP cpno CQP DEP DPM EEP EEQ ENB EPE EPB EPD EROC ETE ETP EXLP FGP GEL GLP HEP KMP KMR KSP MMLP MMP NGLS NKA NRGP NRGY NS NSH NMM OKS PAA PNG RGNC SEP SGU SPH SXL TCLP TNH TGP TLP TOO WES WPZ XTEX XTXI FMO KYN SRV TYN

      BBEP LINE CEP DMLP ENP EVEP LGCY PSE VNR


      Re: MarkWest Made Two Presentations Today 31-Oct-10 09:50 am nymarv

      RRC is positioning itself to where they believe they can make the most bucks even if the Nat Gas Pricing remains at an uninflated level such as now. They have committed themselves to build a new headquarters building to house about 200 or more people in the area. It appears they are coming to stay for the 50 years Gov Rendell says it will take to build the infrastructure to get the gas out. RRC knows more than we do. There are other layers of gas deposits-Upper Devonian-Utica and who knows what else is there. They have the leases and are the first movers. CHK isn't run by dumbbells either. They know whats going on. They both have committed to Frank Semple's Mariner Project(Slide 17-Mariner Project) along with others.
      From Slide #17-MarkWest conducted a detailed analysis of the US ethane markets in order to identify the best possible market for Marcellus Shale ethane.Numerous discussions have been going on over the past four months (Slide #20)From these conversations MarkWest believes the Gulf Coast ethane market is willing to enter into long-term contracts for Marcellus supplies. MarkWest believes the Gulf Coast ethane market desires diversity of supply. MarkWest believes the Gulf Coast ethane market is willing to pay market value for Marcellus ethane. MarkWest believes the Gulf Coast market is able to receive ethane to transport to thier crackers or transport back to Mt Belvieu using the existing pipeline systems (Slide #20)
      Mariner Project Next Steps (Slide #25)

      1)Complete engineering design, estimates and construction planning
      2)Finalize transportation, terminaling, and sale/purchase agreements
      3)Order pipe, steel, and other materials and begin construction
      4)Modify ships for ethane service
      5)Place project in service in 2012

      Conclusion (slide #26)
      The Mariner Project is the right solution for Marcellus producers:
      1)Efficient-Utilizes existing and available infrastructure and equipment
      2)Effective-Readily scaled to accomodate a range of ethane volumes
      3)Demand-driven - Gulf Coast markets are signaling support by offering attractive contract terms
      4)Timely - Facilities and equipment can be in service by mid-2012
      5)Balanced Risk and Reward - Producers mitigate the risk of ethane-related production constraints and economic benefit from meaningful upside opportunity.

      Still a lot of pieces to put together for this puzzle, but it appears Frank is moving MWE forward towards the official starting line.
      This project, if it goes forward could double or maybe even triple the value of MWE's processing plants in SW pennsylvania.

    • I think that is way too risky, would never get less that 15 stocks in my retirement. I think there could be some tax problems with MLPs in large amts in your retirement acct but that has been discussed in detail before and no one seems to really know or agree.

 
BBEP
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