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El Paso Pipeline Partners Komandit Şirket Message Board

mktplyr517 12 posts  |  Last Activity: Aug 5, 2016 3:24 PM Member since: Oct 12, 2001
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  • Reply to

    Massive shelf registration statement

    by mktplyr517 Aug 4, 2016 8:14 AM
    mktplyr517 mktplyr517 Aug 5, 2016 3:24 PM Flag

    That will be an ATM offering sold over time to partially finance projects

    If it were for a DRIP you could fund about 50% of 1 full years distributions with that amount of shares.... And most unit holders take their distribution in cash.... Insanity not to

  • Reply to

    Massive shelf registration statement

    by mktplyr517 Aug 4, 2016 8:14 AM
    mktplyr517 mktplyr517 Aug 4, 2016 3:50 PM Flag

    Because EPDs shelf statements are never "news" to big money

  • $1.9 Billion..... Which at current prices is 70 mil shares.... Which is 3% dilution

    This is going to create some overhang

  • Reply to

    Explosion !!

    by srtec2000 Jun 28, 2016 9:42 AM
    mktplyr517 mktplyr517 Jun 29, 2016 1:30 PM Flag

    Yeah its a win win for EPD and the industry.....

    EPD is insured for the assets and lost income....

    Oil and nat gas supplies are disrupted and we should see a pop in their prices

  • Reply to

    Heading to $70 Per Share buy buy buy

    by jacksinv Jun 6, 2016 6:17 PM
    mktplyr517 mktplyr517 Jun 8, 2016 8:12 PM Flag

    Another interesting example of a big MLP that was hammered is ETE.... It lost about 90% of its value.... And has rallied 225% above its low yet it remains about 75% off its high

  • Reply to

    Heading to $70 Per Share buy buy buy

    by jacksinv Jun 6, 2016 6:17 PM
    mktplyr517 mktplyr517 Jun 8, 2016 8:06 PM Flag

    A) EPD did not drop as much as many smaller MLPs with much lower share/units outstanding

    B) EPD has about 2.3 Billion units outstanding.... And is $10 above its low.... That equates to a $23 BILLION increase in Market capitalization...

    In your list of 16 "stocks" ( always good to remember that EPD is not a stock) how many have had market caps increase by more than $23 BILLION?.... Its a very relevent question

    For example KMI (a stock) has about a similar share/unit count as EPD and is about 63% above its lows whih is about a $16.1 Billion increase in mkt cap

    EPD has recoverd about 53% above its lows and has a market cap increas of $23 BILLION

    So while KMI Has had a better % rally off its lows.... EPD has had a far greater rally in $ terms relative to its lows

    All things are not equal and you must weigh many factors besides % gain from low

    Using KMI again it lost 75% off its high.... EPD lost 56% off its high

    KMI is currently 59% off its high after the rebound while EPD is 36% off its high

    Taking all of the above into consideration EPD had outperformed KMI across the board whit raising its distribution and KMI cut theirs by 75%

  • Reply to

    Anyone else see this S 3 it was filed 5/10/16

    by strawjack55 May 10, 2016 4:31 PM
    mktplyr517 mktplyr517 May 16, 2016 6:18 PM Flag

    Its a shelf offering statement that allows ETP to sell shares ATM to fund backlog....

    Its good and its bad.... High volume up day the company can raise some cash..... But IF things were wonderful they would just subscribe a secondary at a small discount to market

  • mktplyr517 mktplyr517 May 12, 2016 4:59 PM Flag

    MLPs are not traded as stocks.... They are units in a partnership

    MLPs do not pay dividends.... They pay a complicated tax differed distribution

    How do you pay a high yield on a $90 unit???? The distribution would have to be close to $6....

    Thats more than 3Xs what EPD currently pays.... EPD currently has 2+ Billion shares and pays $1.58... Thats $3+ Billion in distributions.... For that $90 unit to yield 6% it would equate to $10+ Billion a year in distributions.... Where would that kind of money come from...

    MLPs historicaly are bought for their high yield dependable income streams... The units are not really an in demand investment when the yield drops so yield supports price

    KMP paid every last available cent available to unitholders.... It was unsustainable.... The parent GP c-Corp KMI took them over causing a massive tax hit to the MLP unitholders.... KMI continued to think that as a C-Corp they could continue to pay every last available cent as a distribution... While funding all capex via share offerings and debt.... That model failed famously

    Why I have been outspoken in the past about more of EPDs available cash to be paid to unitholders.... EPD is in fact better off having used so much organicly produced cash for growth (still believe there is room for an acelerated distribution but this Qs #s were scary)

    Partnerships have advantages.... But they also have some big disadvantages as has been evident over the past 18 months... I probably confused you even more after this but ask the same question of arbtrader.... He can give a far better explanation than I could because my rediculous mind moves far faster than I type and never go back and correct myself

  • Reply to


    by rivers2win May 10, 2016 3:00 PM
    mktplyr517 mktplyr517 May 12, 2016 12:15 AM Flag

    While the perception is that EPD is grossly undervalued..... Its current 6% yield is its historical average

    One needs to divorce their thinking that the 4% yield of 2014 is the norm.... Cause its not

    I think its going to be extremely difficult for any MLP to be able to sustain a yield lower than 6%...... And those that have lower yields will find themselves up around 6% sooner or later

    Broader mkt could still face a significant downside.... S&P 500 currently has a P/E of about 26.... About 100% above historical norms.... US GDP growth is non existant .... Not only is recession probable.... One is over due in historical cycles.... Its not different this time.... The more things change the more they stay the same

    Market selloff will take this to its February lows with a possibliity of going below $19

    $90 is not rational thought.... That would imply a yield of less than 2%.... And the carnage in the sector would never allow the valuation to go to that level....

    I know... 6 thumbs down

  • mktplyr517 mktplyr517 May 7, 2016 3:43 PM Flag

    There have already been babies born in the US to mothers who had Zika and their babies were normal...

    That may be the result of quality medical care or they may have been affected later in the pregnancy

  • Reply to

    Anyone have a opinion on this?

    by is_that_yo_mama Apr 25, 2016 11:00 AM
    mktplyr517 mktplyr517 Apr 29, 2016 9:25 PM Flag

    MLPs fund their backlog of new infrastructure projects with an approx balance about 50/50 of new debt and new equity

    Its what MLPs do.... Works fantastic when times are good... Gets problematic when unit prices are low and the cost in dilution and distributions are higher