Monthly distributions are not subject to opinions.
This is a great report. But line is still in transition. A well executed transition for those of us who like the monthly checks.
But the back drop is irrational / hostile Obama policy. Plus backward or flat future markets for oil and gas.
The response of the free market in Marcellus is to figure out how to blend ethane so it can be destroyed as natural gas.
KMP builds out splitters to export processed oil. Then EPA comes along and receives a private ruling that normal de-gassing is sufficient process for export. The point is not the merit of the actions or decisions but simply how this type of Obama lack of leadership freezes capital investment in our economy.
Obama should be threatening to hold up our ng export lines if our Marine is not freed. Striving to be fair and just does not mean taking #$%$ from a corrupt power structure in another country.
Anyways, I do believe in the American natural gas century. Clearly buying up Hugoton LINE management believe it too. Back to low cost production, long reserve index and hedging out dependable low cost production. Paying those money checks until American get rational and does the right thing.
It really is not so bad being on the right side of things. Really looking forward to the call.