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Crestwood Midstream Partners LP Message Board

  • jkprice Dec 7, 2013 1:02 AM Flag

    Might get a little boring here

    Really don't see any reason to be excited here for a while. Depending on the movement I think I'll be on the sidelines.

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    • I thought you might be wrong. I was right. MLP's are going to be very hot in 2014. If they aren't then that means the economy is dead.

      • 2 Replies to rebeldoe
      • they won't be so hot if the Fed starts tapering

      • MLPs have been hot the last five years. Early in 2009 if you got in and have held you not only have several that now offer double-digit yields to your cost you have double-triples-quadruples in value.

        MLPs will be hot as long as they continue to deliver well above-average distribution growth but more importantly continue to strategically grow without making big mistakes. A lot of people complain right now about Obama's policy of limiting federal lands to fossil fuel development.

        I take a contrarian position saying it is the best thing to happen for investors. If government opens lands I see E&Ps and MLPs getting overexposed and into trouble. MMP has a great management team but they came very close to doing a deal to move ethanol through pipelines. That would have turned out to be a huge strategic error. MMP was being egged on by government's agenda..... ANYTHING having to do with government intervention has been the downfall of so many industries; housing being the last one destroyed by government intervention.

        So let's hope our MLPs keep growing responsibly and don't get sucked under because of government.

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