Recent

% | $
Quotes you view appear here for quick access.

Enterprise Products Partners L.P. Message Board

  • arbtrdr arbtrdr Dec 30, 2008 3:41 PM Flag

    Pathfinder - EPD/KSG drop out

    Will be interesting to see what TCP will do now with $1B in capital dropping out. Since this was interstate it would have been FERC regulated with a return in the 12% area. Not particularly accretive in today's environment.

    DENVER (AP) -- The credit crunch has prompted some investors to withdraw from construction of a natural gas pipeline in northwestern Colorado.
    Enterprise Products Partners LP and Quicksilver Gas Services LP have terminated plans for a 50 percent stake in the TransCanada's $2 billion Pathfinder pipeline project. The 673-mile pipeline would run from Colorado to North Dakota where it will link to a major system in the Midwest.

    TransCanada Corp., based in Calgary, Alberta, says it's working with prospective shippers to carry out the project.

    Enterprise spokesman Rick Rainey told The Denver Post Monday that considering current credit markets, the company is pursuing projects with better returns.

    A shortage of pipeline capacity in the Rockies is one of the reasons companies are scaling back drilling in the region.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Type in "700" in the EPD search box and see my ECRI forcast back in May of 2007. Yahoo blocked it and has deleted many.

    • I was trying to reply to some old posts I did back in May of 2007 about recession, but Yahoo blocked it as usual and more likely I will be deleted.........

    • htennek999 said, "i went to the ecri site but unfortunately dont
      have the foggiest what the various categories stand for. could you please tell me where i can find this info. with respect to the current economic condition believe obama when he says it wont be quick or easy".

      I've been tracking ECRI's data prior to 2000. They have been on the mark with recession calls, typically 6 to 9 months in advance based on data they compile in house. Basically I have over 8 years of following their data, though they omitted the Future Inflation Gauge (FIG) for the free service. i used to pay up for info but they made the basics free now.

      Click on the "Select US Indexes". USWLI stands for (US weekly leading index). USFIG stands for (US future inflation gauge) and USLHPI is the leading home price index.

      You can follow the news under media coverage and there's transparency in the news articles/opinions they issue over the years. You can judge for yourself on accuracy.

      Click on the files under "DATA", though the FIG and LHPI data aren't free. They wrote a book, "Beating The Business Cycle", you may want to read for better understanding.

      The weekly leading index hit all time low in the minus -30.4 range recently and now it's off the lows but still in the minus category of negative 25.5.

      Check the news on Fridays. They show data going back since 1967. You can see the data by scrolling down/up.

      Typically the weekly leading index points up several months ahead before the market does, unfortunately it appears we need majestic stimulus urgently in order to boost the economic data in positive territory looking ahead. Right now we haven't seen the worse news yet and my guess is that you, we, should hold unto our hats.

      good luck.

    • i went to the ecri site but unfortunately dont
      have the foggiest what the various categories stand for. could you please tell me where i can find this info. with respect to the current economic condition believe obama when he says it wont be quick or easy. bernie madoff is a rank
      amateur compared to the wall st. pros. imagine
      a 700 thousand plus mortgage going to a person
      earning 14k and no down payment. but the broker
      earned something like 9k. he belongs in jail.
      thanx for your help re ecri. ken

    • "I come from Pennsylvania where we mined lots of coal. I can show you a town with an underground coal mine fire that has burned for years, cannot be put out. I have seen homes that suffered "mine subsidence", in which they simply sunk into the ground. Or perhaps you'd like to fish in a stream full of acid from old mine tailings"

      I've seen roads and houses sunk in and around a Pitch lake in Trinidad and Tobago back in the 1970's. Sometimes workers would park trucks on the heavy petroleum lake and they would dissapear by the next morning underground.

      Homer Simpson working in a nuclear plant should give us comfort. Proliferation galore all the way to Iran should be child's play. Easy cheesy. Complacency is the way to go, especially when earthquakes can move mountains. lol

    • My son has worked in a nuclear plant--in and around the reactor core--in California since 1989 with no ill effects. They store used fuel rods on site and could continue to do so for the next century, he says. The plant survived the 1989 Loma Preita earthquake with zero damage. It produces power for a small fraction of the cost of natural gas or hydro.

      I come from Pennsylvania where we mined lots of coal. I can show you a town with an underground coal mine fire that has burned for years, cannot be put out. I have seen homes that suffered "mine subsidence", in which they simply sunk into the ground. Or perhaps you'd like to fish in a stream full of acid from old mine tailings.

      I'd be happy to live next to that nuclear plant, in the very nice little resort and former fishing port where I've had some excellent meals and times on the beach.

      If you had lived 100 years ago, you'd have been just as terrified of those new-fangled automobiles as you are of nuclear. If you had lived 200 years ago, it would have been steam railways. You represent that part of the human race that fears change, and I feel sorry for you.

    • obama told me he supports coal over oil because it reduces our dependence on arab imported oil with nominal environmental difference.

    • That's a little extreme. GE has a new technology reactor (Economic Simplified Boiling water Reactor ESBWR) competitive with Areva and Toshiba-Westinghouse.

      I agree we are making a big mistake not moving out more rapidly into nuclear power generation

    • Just remember that Obama has appointed a bunch of anti-global warming guys to key slots. As a result, you can start kissing goodby to any massive increase in coal burning energy plants. France has shown the way by going 80+% to nuclear. And the French based nuclear reactor supplier has just cut a deal with Newport News Shipbuilding to set up a nuclear reactor construction facility to bring French technology to the USA. It's also interesting that all the coal guys and hysterical liberals have combined to kill the the USA nuclear industry just when the world is going nuclear bigtime. With Toshiba of Japan buying Westinghouse's nuclear operations, the USA has zip nuclear capabilities. We'll pay through the nose for this.

    • I was thinking the same thing. Backing out of Pathfinder is a prudent decision. It's also worth noting that the big Alaska to Chicago NG pipeline has been "put on ice" as has a bunch of LNG import terminals being talked about. With industrial use of NG being the driving force in pricing,EPD should be in pretty good position when the economy strengthens. I also saw several articles about the expanding use of NG in autos in the Rockies because the NG cost there is the equivalent of $0.82/gal of gas. Honda is also making a NG system Civic. I like to think that this will be increasing. Let me also wish you a Most Happy New Year..and thanks for your well thought out posts. This amateur has learned a lot from you!

      • 1 Reply to hachi05man
      • If I was a real pro I would have gotten out of this arena over a year ago, but am still investing. Running cars on CNG is easy and the kit to change over is not expensive. Arizona has some 100,000 vehicles on CNG. But fueling stations are still a big issue. Large number in Canada too. Problem is mileage is not as good as gas (similar to E85) and less power.

        Australia uses LPG and its results are much like with CNG. Both fuels burn clean and an engine can run for 3 or 4X what it would with gas.

        I added three days ago to HLND and today to MWE. EPD is my largest holding and I reinvest distributions to get the 5% discount. Credit is showing just a tiny glimmer of returning. If I were older and using distributions and possible sales like factoids I would have sold long ago. I am 62 next year and still have the benefit of time.

        Happy New Year - ARB

 
EPD
27.49-0.62(-2.21%)4:02 PMEDT