I think I would slowly buy more as it goes down. You get well over 8% with the 10 year at 1.75% and basically in a growth business, i.e. gas will grow in use as dirt cheap vs alternatives and the infrastructure to export is being put in place as well so more gas moving in the future. What am I missing???
What your missing is that this dog keeps heading south whereas all my other mlp's head north. er.
What good is the 8% if it keeps going down?
I'll take and keep: epd, paa, sxl, kmp, kmi, mmp over this turd any day.
If it reaches $45 I'm gone!
PS: Cramer doesn't know squat!
Anyone that buys based on what Cramer says is an idiot! I added today to my position. The reason is ETP has +/- $2B coming in spring of next year from sale of APU units. They also now will control SXL. $3B in organic processing assets at a 14-16% ROI come on line from July of this year to end of 2014. Then you have Citrus with a simple 11% ROI guaranteed. ETP will have only $5B of old asset base come next year and with SUN and SUG assets along with new builds over $7B in new assets.
ETP has made the right moves to position itself for 2014 and beyond.
My other reason for buying is that ETP simply cannot go below $42 unless someone dumps a huge block and $42.50 is a real floor because of the investment grade yield of about 8.5%. I note I have bought all my ETP below $35 initially and have bought at about $40.50 since then using options. I also do own 10 other MLPs. Some have done better and others worse recently.