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  • kingoftheroad2012 kingoftheroad2012 Mar 11, 2012 1:52 PM Flag

    Way Down - Now What?

    Cash out and buy FGP instead- the distribution is not in question of being cut...

    No salt mines, storage facilities or pipeline build outs...

    FGP is into acquistions of other propane distributors.

    Why store with all the new nat gas frakking coming online- propane should be readily abundant to flood demand - I think distributors will be the beneficiaries as the auto-conversions hit the markets. The tank exchange may not be just for grilling soon...

    I sold my Nrgy @ ~18. @ minimal loss.

    Went into FGP @ 18 to capture the recent distribution. Down a little at this point but feel secure in the blue rhino and mass distribution network.

    No way will I come back to Nrgy with distribution cut on horizon, removal from the index, and catering to nrgm unitholders with any extra cash through increasing that distribution rather than the nrgy unitholders.

    Just my thoughts.

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