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Energy Transfer Partners, L.P. Message Board

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  • youcanpickum youcanpickum Sep 30, 2009 6:59 PM Flag

    A new share offering

    If you listened to the last conference call, they have a $2 billion line of credit that is virtually untapped and ETE has $387 million untapped. They are selling stock to keep ratios right sized. In a great market with uncertainty ahead, you sell stock. By the way, where were you crybabies when they did the last offering 3 months ago at around 37.80. I would love more at around 40, but I predict that tomorrow before the open the deal is priced and upsized at $40.86. ETE benefits every time ETP sells more shares. I own 20,000 ETE and only 2500 etp which I trade on and off. ETE will raise it's divvy this quarter and in the next three years by 10-15% per year so that is the buy here. But quick your crying. It just shows that you know nothing about secondaries are announced and priced.

37.01+0.01(+0.03%)Oct 21 4:01 PMEDT