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Sunoco Logistics Partners L.P. Message Board

  • mentges mentges Nov 5, 2013 6:54 PM Flag

    Earnings mixed bag - comments?

    nice revenue increase and nice dividend increase, but earnings miss could #$%$ the markets - I am here till death (or takeover which ever comes first), so I don't really care much about short-term trading.

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    • I like continued strength of ratable business and crude oil pipeline group. Open seasons reflect future growth for this segment. I like Nederland terminal growth and prospects post-Pegasus resolution. I like solid distribution growth. The crude acquisition and marketing volatility reflects market and offers less predictable eps contributions. But the Permian is the place to be for future oil and liquids growth and the northeast is ideal for ngl takeaway with mariner projects gearing up. Will continue to add on weakness but this will continue to be a core of my portfolio. Still looking for others of similar size that I like better and haven't found yet. The crude differentials story and the midstream takeaway story will continue to unfold and the ratable base of this company will continue to expand and the market base component will occasionally provide a nice bonus. Watching growth plans, both organic and via acquisitions. Etp and ete have to like their sxl going forward....

      Sentiment: Buy

      • 1 Reply to youngwolf_98
      • "I like solid distribution growth. The crude acquisition and marketing volatility reflects market"
        I like the distribution increase too, but wonder why big dist. increase was done in light of compressed spreads. In fact, going forward this "volatility in differentials" (or something like that) seems to cloud future distributions. I'm surprised share value is holding up this well.
        I thought this might be addressed after earnings call but questions surrounded growth projects and 2014 capital exp spending.

 
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