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Genesis Energy LP Message Board

  • dreiser139 dreiser139 Aug 1, 2013 7:39 AM Flag


    just released must digest them and listen to cc.suggest all serious investors do also.
    now going for a swim in the ocean on cape cod.

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    • Well, when you two beach bums drift back to investments(!) there are a couple of things to chat about. I know it's tough: I've enjoyed swimming both at Truro and Kauai and wish you great enjoyment.!! A couple of comments about the cc...first of all, 2014-2015 should be a really good period for GEL...the big GOM pipeline project will be rolling as will the RR and tug/barge operations. What got my real attention,however, was that 1.GEL now has two customers for the Natchez unloading of bitumen from Alberta operation...2. All the bitumen goes into GEL barges for delivery to refineries and 3. GEL is gearing up Natchez to handle diluent for the back haul to Alberta. This is a VERY big deal: I learned this week that the heavy bitumen from Alberta needs 30% diluent for pipelines like XL and 17% diluent for tankcar shipments. Since Canada produces little diluent it must be imported from Texas,the Marcellus etc..and pricing is over $2/gal. So GEL scores like crazy. The Wink,TX, and Prongbhorn RR facilities seem to be well located,too, to make serious contributions. While PAA controls 6,000 rail tank cars and GEL around 500 when it comes to tugs/barges PAA's fleet is only 2x GEL's. so our GEL is definitely growing up! Best regards

      • 1 Reply to ake05bono
      • ake
        as usual u r just a fountain of welcome cheer and facts.
        i was tempted to almost add to my gel position but didnt since it is all ready so large.
        u hit the nail on the head as u and i have discussed before gel is a mini paa growing in leaps and bounds before our eyes.
        in fact if i may be so bold i believe stock growth for our mini super mlp will exceed that of paa and we r both in the same arena.
        gel growing like its on steroids.
        the legal kind naturally.
        i think within the year we may hit between 55-60 per share.
        also after much reading imho the tax issue re mlp status will not be affected.
        good luck to us all
        ok back to the beach and more serious stuff like where do i go for dinner.

    • I'm off to the beach too...Kauai north shore.

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