Makes some of us wonder why we participate in buying shares/units in the public market place when so much of the money acts like "swine going willy-nilly over the cliff." Oh well, I will just be happy collecting my $4.14 distributions yearly. ETP is in much better shape than the other big natural gas pipeline companies. That distribution has Nothing to do with oil. Buy all you can get now at a yield of over 11%. Someone suggested a single digit price for ETP. Wow, a 50% yield. You could buy it and get 50% of what you paid given back to you the next year!!!!!
Will add that WMB is off 20% also since the merger announcement. Too many don't like it. Also all this should not affect ETP anyway since they are the MLP, and the GP, ETE is the one doing the buying and taking on the risk of the debt and dilution. Maybe though the options houses, sell-side Big Money players, and the Market Makers themselves have taken control of ETP through options expiration at 4pm on this Friday.
Evident today that oil is not the problem: oil is way up and other MLP's and GP's are positive. Oil is not Energy Transfer's problem anyway; they transport almost purely Natural Gas. They are trying now to sign up customers for a new oil pipeline, but that is way off in the future and ET is not dependent on it. Since the horrendous announcement was made about their attempt to acquire much more debt through merger with WMB, Energy Transfer has lost 20% of its value including another 1% today because probably like "brathe" says "Not everyone (is now) signed up for this particular ride."