ETP offers a similar DRIP. EPD publishes itrs plans telling pweople exactly where it is going and where $$ will be spent. No surprises here.
Agree. My questions are why only discovered now? If the shipments were frozen that certainly would have effected the outcome. Thus Fraudstein has neglected to say this, but again why only find this now? If shipping is the issue then should not the shipping company be responsible for incurred costs?
Low temps reduce the efficacy of Ampion. No change to placebo. The problem is nobody knows what happens at 32F. Would guess that this mostly makes al the data worthless. Another in a long string of issues. Very disappointing.
No it does not. The cash belongs to KMP and KMR and KMI is buying all the assets of those companies. Whatever cash is on the books goes with the rest of the assets. KMP is getting a cash adjustment to assist in paying taxes due for its shareholders. KMR holders get more units. If the distribution was increased by the couple of pennies for the cash left then you would simply get a bit less in either cash for the buyout or units.
Yup. Lots of people locking in gains on all or part of KM companies. Others including EPD and BWP showing steady movement lately. I do not subscribe to the monthly preformance theory, but there really is no news in September and first part of October. Distribution and earnings news/payout seems to spur prices upward.
Go to the National Association of Publically traded Partnerships and read their primer on MLPs 101. you should have read it BEFORE you bought. That said. Filing taxes using a K-1 and TTax for example only takes a few minutes. The only big suggestion is do not sell part of your uints. Selling part of them makes tax filing much more complicated.
I have also read we have aliens living in our cities. Would love to know your source of information. The only big thing going right now is buying Susser and then ETP can indeed sell Susser off along with the Sunoco stores and make money. Susser's distribution business fits ETPs existing businesses. Getting rid of retail simplifies ETP.
KMI will pay qualified dividends. Top rate there is 20% + the Obama Tax if income is over $400K AGI. The big difference is there is no recapture to deal with on exiting. Both ways have advantages.
With Congress discussing ending the stepup on death for tax exempt entities / MLPs does that change the equation? I do not know.
Am absolutely positive you have no idea what you just posted. The price of the units has NOTHING to do with how long the units take to be posted into your account
The exact reason I post little on Yahoo. ETE is the GEneral partner of ETP, RGP and owns 1/2 of the GP interest of SXL. You spout on and on. Yes they are both MLPs. But most of ETEs $$ come from IDRs.
If you are looking to Yahoo for correct info forget it. Yahoo says ETE pays a dividend - WRONG. And as APU - Amerigas Partners being a competitor? Are you kidding. ETP sold its propane business a couple years ago. DPM is an operator in the midstream area and not a GP receiving IDR payments.
Sure hope you understand the term IDR, because without them ETE would go out of business in a blink. You correctly state its primary business is as a GP. How does that make it similar to a MLP that operates midstream assets?
That is sort of like saying OILT and EMES are similar. Yeah they are both MLPs but EMES does frac sand and OILT own storage. MLPs come in different flavors.
Both will likely be a bit undervalued because of the uncertainties and tax liabilities one is going to buy into. KMR should be fairly valued as no tax issues.
Not necessarily. Two factors one needs to consider. KMI will raise its dividend faster and if one has an AGI of under $73K if married KMI dividends are tax free with no recapture issues. With the IRS looking at changing the stepup provision on death for tax shelters - KMI leaves no issues to deal with in the future. Note I own only a tiny tiny bit of KMI and KMR. Have never owned KMP as I did not trust RK. Miss Dan Duncan
Not by much - $5.00 vs $5.52 and the new dividend will grow at 10% a year vs. 5 or 6% for the old KMR. That suggests a YE 2018 payout of $7.32 for KMI and the old KMR would have been $6.96. abut 2 years to get even. Also with KMI lots of holders with an AGI of under about $73K if married will not pay any taxes on the dividend.
KM changed to eliminate the IDRs. EPD has none! Also seems you and other do not get that the cash plus the increased growth in the payout mean almost exactly the same dividend to the penny. Plus if you sell (other than KMR) you do not have recapture at ordinary income rates and all payouts are at dividend rates. Last I looked if your income for a married couple is under $77K the rate on dividends is ZERO! Think you need to look at the consequence of selling MLPs like EPD. A C corp has advantages too.
Suggest yuo go back and look again.
The price will be exactly the KMI price because you will own KMI! The dividend will be about the same because you get about 2.5X shares. The bonus is the new KMI is suposed to grow payout from $1.68 to $2 at first and then by 10% a year compared to about 5% a year now for KMR.
The problem is the #1 deal may not go through #2 the value of both KMI and KMR will change daily for the next 4 months or so. No way to know what will be a better deal. Good part is you might get one KMR payout before. Unless you are buying several thousand shares probably makes little difference.