I don't know. Very confusing. However, this a.m. Credit Suiss reported that they believe etp is a higher yielding MLP that likely will be able to maintain its distribution.
confusing. According to Schwab, earnings were expected to be .26 cents per unit. I can't make heads or tails of earnings announcement regarding this.
Me thinks somewhere, probably in the mid-east, some people are making a hell of a lot of money jawboning the oil price up and then allowing gravity to drop the price down by betting large amounts of money on options and etc. on every move.
Credit Suisse this am: TP cut to 51 from 68. Maintain Outperform. No cut in distribution. Coverage ratio 1.o through 2017. However, no incentive to increase distribution 'til Q1 2017. Hang in there.
Check with your accountant. As etp and ete are similar, you may not be able to write down etp as a tax loss as your proposed transaction may be considered a "wash" by the irs.