THe .89 is the beef. The distribution is exactly where I expected. Q4 margins were terrible and ETP needs to have DCF coverage of 1.1X in order to raise. MWE was raising by .03 per quarter and now is just barely covering a .01 increase. Sure hope that some sell and move on because they will then be able to raise. Still too many moving parts. "holdco" for example and folding RGP into ETP. Also selling APU units.
Bottom line is we all know absolutely NOTHING until we get the quarterly report. That along with the conference call will tell us what is happening for 2013. I'm heading off for a holiday and will be off the board for a few weeks. Good things have always happened while gone. IMO having a coverage ratio of 1.05-1.1X is more important than a small distribution increase and lesser coverage.