Owned SUN years ago and sold it, stagnant. Bot ETP recently only b/c all the nos. added up that ETP was going to be a BIG winner. With SUN's recent announcement of earnings, it is difficult to comprehend why they sold. Will someone get canned over this sellout? Appears SUN was taken advantage of. ETP will prosper and so will SUN.
We know this for sure. Cramer, says lots of folks are mad at ETP management for the secondary because they don't think they needed the money. In that case the dividend is safe for sure. It makes you wonder if ETP is actually going to stash some cash for an acquisition instead of floating the secondary after the acquisition is made. That's my guess.
I hope so too...but I wouldn't worry about it. This thing is not like CPNO or something like that, where covereage is an issue. The DCF is strong and should only get stronger as these newer developments take root. GL.