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Energy Transfer Partners, L.P. Message Board

  • tex7779 tex7779 Feb 13, 2014 11:04 AM Flag

    ETP should announce a 2 for 1 split like ETE did last month

    Way too much volatility in ETP stock on puny volume action. Time to increase the available units to attract more retail investors. No doubt in my mind that much/most of the crazy ups and downs on ETP are due to the institutional investors and ETF's.

    ETE now has 560 million units, post split. ETP has only 380 million units. With a 2 for 1 split, that would increase to 760 million units. More importantly it would open up the market to more retail investors, who would want to buy ETP in 100 share blocks. With the 100 share blocks it makes it easier to sell covered calls.

    There are a lot of retail investors who like the high yield coming from ETP, so it makes sense to open it up to more retail investors. The institutional investors don't care - that is why they are selling ETP whenever they can, hence the inexplicable downdraft this morning.

    In any case, it is high time for Kelsy Warren and gang to do what worked well at ETE and that is announcing a 2 for 1 split.

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