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Energy Transfer Equity, L.P. Message Board

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  • rrb1981 rrb1981 Apr 27, 2011 8:06 PM Flag

    Distribution increase !!

    Also keep in mind that this increase was without an increase in the distribution at ETP or RGNC. If/when ETP and RGNC begin raising their distributions, that will drive a good deal of cash into ETE via the IDRs as well as the common LP units that they hold in those respective MLPs.

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    • I would not expect further distribution increases for the forseeable future unless the new pipeline with ETP is a fully finaced deal. OTOH, once it starts flowing, the cash flow to ETP/ETE should bode well for future distribution increases for both entities.

    • RRB1981

      I have been following your posts and appreciated your information for over 6 years (way back with the initial Transmontaigne recomendation) and wondered whether you thought prices for MLPs might be getting a bit rich? I know yield is tough to come by in this market but this has been a great run and some of the MLP yields are quite low historically (though a somewhat brief history).

      Would you mind sharing what you are interested in or following now? What do you think of the new CVR MLP (fertilizer)?

      Again, thanks for all of your past insights!!!

      • 1 Reply to greg0361f98
      • I do worry about yields, but I think this will be an issue to worry about in a few years, and I am not convinced that the MLPs will not be able to roll with the punches.

        As for the fertilizer MLP, it appears to have a fat yield that will float based on their performance. I prefer the steady and predictable pipeline MLPs, even if it means receciving a few less percent return because I know over the long run, the stable assets will do better. That being said, I don't follow the fertilizer business enough to really have an opinion. I know that TNH did really well.

        I have been expecting further consolidation in the MLP sector. I still believe ETE and ETP will merge and eventually RGNC will be rolled into the mix as well. Same for NS and NSH.

        TLP seems like a candidate to be bought, Morgan Stanley doesn't really have an interest in growing TLP. They have incredible assets that would mesh well with KMP, MMP and others.

        I like or own the following:

        BPL, MMP, NSH, SXL, TLP, HEP, ETE, EPD, SEP, WPZ, BWP, PAA, KMP, OKS, EEP, EPB, EXLP, RGNC.

        Also not an MLP, but really like Magnum Hunter (MHR). A smallish E&P that is growing rapidly. I expect another 25%+ uptick by year end.

 
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