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Energy Transfer Partners, L.P. Message Board

  • bjfcpainc bjfcpainc Apr 4, 2013 7:17 PM Flag

    Wow another dilutive secondary

    FYI the reason ETP has had no capacity to increase distributions over the past 5 years is because their cost of capital is so high the increases in dcf roughly correspond to the increasing share count from their never ending stream of secondaries... in other words, the only winner is ETE, their GP.

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