Why has ETP done nothing except go up from $42 to $44 the last 5 days? Maybe because others see it as valuable. Also you forget there is a definate historical event of people buying the distribution and selling in the 2-3 weeks following. The spread from this is about 5% or so.
Congratulations on your sale. MLPs in general are down. MWE another midstream company with huge growth projects and distribution growth dropped about 15% in the alst couple months. MLPs are mostly down in the last 2 weeks. Will be interesting if you come back here in say 2 years.
For me there are to many moving parts to ETP plus A little over a year ago the CEO promised to raise the distribution, never happened! 6 weeks ago he said on a TV interview they would not need to issue a secondary to fund the Sunoco deal, a week later they issue a secodary and now another billion in secondary plus debt. To me he is a liar so I will not be back putting my $ in LINE good luck