Already sold half of my position in this dog, the worst MLP in my potfolio and one of the worst in existence... Should I sell the other half?
The question here is will we still be paid 7.7% to wait 3 months from now? If the distribution rate gets cut, the loss in CAP will take forever to be reclaimed. I don't like all the new shares and it was a mistake to get stuck with a bunch of gas station just to get a few more mile of pipe.
Holding for now but at what seems to be a big risk.
7% to wait is nothing compared to the cap. appreciation plus distribution available alswhere e.g. MMP, KMP... anything else. ETP is dog doo and has been for a very, very long time.
Come on Management, enough with the dilution. Grow our business and distribute the cash like most other MLPs.
Is it an effort to manipulate? After all the negativity about oil-gas; chatter from some analyst; Cramer, and some member of this board about this stock going nowhere. So, today, why is it going up?
Feb 21st's Conference Call will "tell the tale" , I'm expecting Kelcy to frame ETP as a "growth" company with an 8% Div .... and as such, expect no DCF increase to unit holders but more deals ... plus I've heard (note, I'm no Cramer fan, but he provided an additional data point), ETP is having difficulty in executing the assimulation of all theres deals and CAPEX ... hopefully we'll hear what ETP has planned to improve the digestion of this recent growth agenda ...
To note: I have reduced my ETP holdings, but it still remains in the top 5 of the portfolo ...