Hi, new to this board. Wondering what the opinion of unit holders is. Has this reached a bottom or become a buy point? Or, will it go lower still? I know my other MLP's have taken a hit, in unit price, but not as much. Just thinking of adding, and respectfully wondering what your opinion is. I do think this will come back strongly after it gets some of it's objective behind it. Not sure of the timeline.
Attempting to price ETP on a price buying scale is not going to do a tremendous amount of good now that Europe is knocking it all over the place. Use yield levels to pick your prices and what you want your ETP position to give back to you.
I've gotten small positions at 7.5%, 7.75%, and 8% yields...but I have bigger traunches waiting at 8.5% - 9% and above levels as it could get there this summer...especially if Greece and Spain implode. GLTA.
My view is the stock is a growth stock yielding 8%. Hard to see gas use going down in the future so will be moving more in the coming years. Stock goes down with oil and gas stocks but really not sure why as lower prices create more use and that is what they make their money from. Any thoughts or is this too simple.
Thanks for your responses. New to this board not MLP's. I agree that this should take off at some point, I believe the current drop is as a result of the SUN purchase( just not sure how far it might drop) and when they get the stations off the table things can start to turn around. EPD took a hit today as well, I think this is a cyclical thing that is a result of short term reduction in the supply need. I too like the distribution and short term if we loose 4% we're still 4% ahead, and that is nothing to sneeze at. Thanks again and GLTA