Energy Transfer Equity (ETE +2.1%) is maintained at Outperform but with a higher price target of $100-$103 vs. an earlier $83-$86 by Wells Fargo, which sees upside from ETE's proposed liquefied natural gas-focused MLP.
Have read taxes are only some of the problems. Gov is no help and geology of areas are pretty tough to drill. Do exist shareholders get a piece of this spin-off and if so what might be the distribution compared to my holdings of BBEP, MEMP?
the retail crowd is dumping not the institutions. For one there is not many institutions in this co. Retail sees 7 cents loss and run for the hills. It was 3.5 cents due to accounting and the rest results in not getting the money working. These guys are smart and been around alot longer than most BDC not to rush things until they see opportunity.