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.
Marv - understand your sentiment but an import tariff cannot legally discriminate as you suggest. Several world organizations with treaties we are a party to ban such action. Also do have a problem putting Ecuador in same list as Russia. We import little from them and they are trying to get it together,
B&W - Answer there a definite YES. Thousands of jobs already lost (temporarily) with many more to follow. And the pain the saudis are inflicting is not really directed at us but rather the SA foes in Asia ie Russia and Iran. You think we have pain here - take a look at canada, Venezuela, nigeria and others.
No. Pipeline costs for transport as long as the point to point destinations work are about 1/2 of the rail costs.
Wow! That is scary because nothing declared yet.
If the posters above really cared they could look at the historical payout dates that range from January 27th to 29th for the last 3 years.
chrx - If we start letting political discussion happen here then this board is going to die. You have great information, but direct political discussion - take it elsewhere.
I find your comment insulting. Education levels in Silicon valley are among the4 highest in the World. Bad example that has no place here.
Marv - Happy New Year. Not sure what normalcy is. The economic and political turmoil has only just started. Canada is 27% of GDP related to oil and gas. Their tax revenues are dropping by some 20% nationally and over 1/2 in Alberta. Absolutely nothing canada can do. really realy tired of people quoting the 'cost" needed by various countries to run their government. What they need has little correlation between the "need" and the reality of today. I cannot tell you where we are going forward. I do know it is too late to sell. I own small pieces of 34 producers (only 1 MLP, 1 major and two Canada juniors). I am actually buying the small producers where they are cash neutral with $50 oil. The midstreamers are just fine till mid 2016 if things do not change as volumes will increase at last until then and LNG and NGL exports shjould kick in then. No idea on oil, but some countries will not produce as they were marginal areas and exploration will fall for riskier (either political or new exploration risk). Should guess we are near the bottom and will bump for a while on oil.
The answer is for at least a couple years - NONE. For example Harold Hamm - Chesapeake announced 2015 capex reduced by 50%. They also announced production to be UP another 20%. No remember most contracts have demand charges not related to usage for both oil and NG. Producers certainly want to keep their very best crews together and there are both production contracts and leases to be kept. Unless prices stay way down until say 2017 - no real issues for pipelines.
Most of all is demand falling? NO. Demand for both oil and NG in the USA is up. Certainly part is exports, but pipes, G&P and fractionation are just fine for the medium term.
The problem with the Bakken is being far from industrial users and difficult weatehr for about 5 months a year. There are 5 pipes now under construction so rail will decrease. Bakken wels have high decline rate so volumes there will be interesting. As to Permian - Old oil basin with lots of infrastucture and pipes in place for years. Why pay $10bbl to ship wg]hen pipes are only about $3 from there.