I think you're right. But it seems to me that no drop downs in this weak energy market is not bad for eep. They don't have to take on debt in a (potentially) raising interest rate market or sell shares in a weak share price market. So all in all I think the lack of drop downs in 2015-16 is a blessing in disguise.
Buyandwin, is as usual, exactly right.
Let me ask all you dividend decrease whiners a two part question. Part 1: How long at 20-30% distribution growth will it take for MPLX + MWE in combination to exceed MWEs present distribution amount? Part 2: You have all had MWE for several years. What will be your YOC (yield on cost) after the combination at MPLXs final distribution amount this year of $1.90-$2.00?
The answer to these question is why I, as a holder since 2007 will be voting Yes on the merger. And by the way, the merger WILL go thru unless the large holders vote it down. Pissant small share holders like us have NO hope of blocking a merger agreed to by the company involved.
"So if the deal is so bad, will not most MWE shareholders vote no, and will their votes outweigh those of management?"
Short answer: NO their votes their votes WILL NOT outweigh those of management! The reason? Large holders will carry the vote & they will vote YES because they are motivated by Cap Gains, not dividend income.
I happen to like the deal, by the end of 2017 the distribution will be higher than the $3.64 of today & the $3.37 with MPLX's distribution will cover 2016. Naturally this assumes that MPLX hits their 25-29% distribution increase goal but I believe they will. I'll be voting yes, if you disagree vote no.
"...and then maybe short it again when it trades at 80 again."
NOBODY on the earth alive today will be alive then!
This SA article answers that question. Search SA for articles on AAPL. Then click on the one entitled: "Why apple-will-never-buy-blackberry
"...the things God said were right and wrong don't really matter."
A new low for MENSA Rimmbeciles!
GOD SAID? You speak to God? And He replies & tells you what's right & wrong?
A good indication of poor mental health or an indication of being in a Cult.
BBRY top management has long followed the following "no's."
We don't need no stinkin' customers.
We don't need no stinkin' sales.
We don't need no stinkin' profits.
We don't need no stinkin" apps.
And now the piece de resistance!!!! Drum roll please!!!
We don't need no stinkin' revenue to make money.
How is it that ALL Rimmbeciles have a lower cost of BBRY that whatever the share price is at the time of their post?
MENSA Rimmbecillians all?
Who was buying BBRY from $140 down over a time span of 4-5 years? For as all Rimmbecilies constantly remind us there is a buyer for every seller. Maybe they all bought christianinvestsbadly's phantom shares in their losing trades so they never had to pay for those shares?
Often imitated, but never duplicated.
Isn't it absolutely astounding that no Rimmbecille bag holder ever bought BBRY at $10-15? They ALWAYS buy close to or at the present price.
And they call analysts liars?
"I bet you Christiantradesbadly could spin that as bullish too."
Yeah, easily. Its all those extra share he claims. Or it might be the greater profit he gets from buying 1,000 BBRY at $5 and selling at $10 than the paltry gain you get from shorting 1,000 BBRY at $10 and covering at $5. He gets rich you don't!
"What's a rimtard? Never heard of it."
Look in a mirror. The person staring out at you is a Rimtard/Rimmbecile.
"I've felt it my entire life, that there's something wrong with the world. I don't know what it is, but it's there, like a splinter in my mind, driving me mad."
I sincerely hope that this is merely hyperbole on your part because this post sounds very much like the ramblings of a psychopath. I have small regard for Rimmbecile investing abilities but I don't wish ill to people with mental instabilities.
"This 200 million savings per quarter is on-going forever."
Another example of Rimmbecile Math (TM) in action. The savings of 200 million is a ONE TIME thing. BBRY stops paying 200 million. An agreement to pay 200 million goes on for the LIFE OF THE CONTRACT, that is each quarter year after year. Any pump boost to BBRY will be short lived followed by the dump by people who know what they are doing.
"Buffet the robber barron is screwing Kraft shareholders"
The $16.59 cash special dividend is more than the cost of my original KRFT share. Ole Uncle Warren can screw me ANYTIME.
"Some people have far too much time on their hands."
I think he has his hand on something other than time & he better be careful he doesn't go blind.
"Why is BBRY down 93% from highs while Apple only down 4%?"
Because the Bog Boys are accumulating BBRY, of course. This is Rimmbecillia Investing (TM) 101.
"If they own stock. They are long. Correct?"
Yes, everywhere EXCEPT fecal's home country of Rimmbecillia. It is a simple case of Rimmbecillia Math (TM) where shorting 20,000 shares of BBRY means you have at least 40,000 shares so you can sell to force the price down, then buy 100,000 MORE shares to force BBRY further down.
See it is simple, almost as simple as the MENSA Rimmbecile whose screen name is fecal.