Keebon - The distribution cut was announced MONTHS AGO when WPZ agreed to merge. WPZ has paid out about 115% of DCF in recent years. As your second question - did you read the press release? Neutral this year and mildly accrective in 2016 and beyond.
Marv - SUN is publically traded. I agree ETP will sell via a secondary their shares in SUN at the first possible moment. The question is what do they do with the GP interest in SUN? Does not fit well in ETP. Possibly trade to ETE for the 20M units ETE will have via the RGP merger? Do not think MWE does a deal with anyone for a while. Need to get things sorted out a bit to see if sall their producers are going to keep MWE whole on their contracts and get capex down a bit. Marv more likely in late 2016 or early 2017 for deal/buyout. MMP is perfect but wants to stay right where it is and SUN possibly could be interesting to them. Problem is ETP wants to end up with the wholesale part and only sell the retail according to Kelcey.
Mktply - There is simply a situation where Cushing emptied out and the Gulf is full. Also Seaway expansion is now 100% on line via looping and there is more capacity than is needed until exports ramp up. Also starting some of the down time for annual maintainance. No worries.
ETP announced in a conference call in February of 2014 that they were going to merge RGP into ETP. The SUSS/SUN buyout sort of sidetracked that. Would think the next thing is for ETP to sell its GP interest in SUN and its units (the units probably in a secondary offering). No idea if the GP interest goes to ETE in return for the 20M of ETP units that ETE will acquire in ETP in the conversion of RGP units ETE already owns.
MMP if I remember has some interesting restrictions on any buyout. Targa is for sale willingly. MWE gonna need to wait another 2 or 3 years for Semple to be ready to retire. MWE and Frank fought long and hard the last time and the board voted to not even present the offer to shareholders.
No. If you go to the ETP website and look at 2014 news releases you can see they announced the increase on 1/28 last year for Q4 of 2013. Thus announcement next week.
Is your question serious? LNG exports kick in in 2016 and bigger in 2017. At that point we will have no surplus gas. Price for NG dropped this year because the weather has been so warm. NG consumption will be up lots this summer if weather is warm as lots of new NG peaker plants. Prices should definately rise in 2016 in parallel to demand.
I think you might find a BIG change today after the MHR conferencwe call where they cut capex spending on drilling to effectively about $11M down some $300M! Go to MHR website and listen.
Actually no. Northern Border is now part of OKS.
Go to the EPD website. The public IPO was in 1998 but Leviathon was formed as a MLP in 1992 and was merged into Gulf terra and in turn bought out by EPD about 2001 or so. So some of us can go back to 1992 on publically traded stock. EPD did trade privately before the NYSE IPO.
The shipper would specifiy the carrier. The size of the shipment and destination would determine the size of the ship, but it is probably several different shippers bidding with the buyers or a contract. Do know they are not Jones Act ships - too expensive. The amount of cargoes here is small. Not meaningful to a bottom line of any of the major tanker companies. Shippers are going to continue to hurt for oil shipments as the USA continues to ramp down those long hauls from SA.
Especially when one of MWEs big producers - MHR - needs to sell its own pipes to keep the rest from going BK. Gonna be problems looming with producer issues if oil and NG in the Marcellus stay so cheap. NGLs worth little as well.
As to basically screw those of us that bought EPB and KMP with recapture. got to hope Hiland has a better track record undr KMI than befopre. Went BK as independent MLP and now worth less than book with no accrection to KMI with HHamm selling.
ri - AMPE is up about 60 cents. In the giant scheme of things not very meaningful. The consistent source of materials and mfg plant is great, but until Ampio is approved again meaningless. Await results from the studies and to find out if the finally get partnered with Zertane or simply sell it. I am happily holding and awaiting news.
Actrually exports to Mexico up about 250% as they have a pipeline in AZ and two in TX so easy. OKS really not effected by exports as they do not own almost any gas and most is sold to OKS for retail/wholesale distribution. what exports wil do is put a floor on prices.
Next - got to remember that the REIT stucture along with MLPs does not really reduce taxes. You get to recapture distributions as ordinary income when you sell. MLP stucture encourages energy distribution/production with jobs that pay taxes. No benefit to change unless as infiniti says we have a complete IRS redo. Likely? Not without one party in total control.
Andy - Why are you asking when you can look it up using old news releases?
Just so you have it. Distribution is historically DECLARED the end of the 4th week in January. The ex date is usually the last trading day of January and pay date is approximately February 15th. ETP and almost every other MLP follows the exact same schedule. EPD a week or so earlier and BLP a bit later with other exceptions. The above thus will happen again in April, July, October etc. etc. etc.
Do not want to get into a religious debate, but the radicals that created 9-11 were not supported by the SA govt. SA like it or not is a friend of the US govt and has been.