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Inergy, L.P. Message Board

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  • marklibera marklibera Dec 3, 2009 4:22 PM Flag

    NRGY vs SPH

    A few more comments. I owe a great deal to many of the knowledgeable posters on many of these boards. One of the problems with trying to create your own diversified income portfolio is that it requires that you learn a lot about many different businesses, not to mention something about accounting, taxes and the laws that govern the operation of these companies. It's almost impossible to do it yourself and follow all of these stocks for potential buying opportunities (e.g. like when MLPs issue equity). High yielding stocks come with many risks that other dividend payers don't have - like restrictions in their debt agreements that can force them to reduce distributions, like laws like the Investment Company Act which forced some business development companies and closed-end funds to reduce leverage. So keep looking and keep sharing what you learn with others.

    BTW, the propane sector got a pump from Cramer today so that's why NRGY and NRGP are up. His pumping usually results in the stocks getting sold off later. Might be time to take advantage of the pump and take a profit if you have one and look to re-enter sometime later.