Actually sounds like it will hurt, not help. Sounds like he is saying that the pipelines customers will be lining up for bankruptcy and won't be paying their bills. Yes, EPD is listed as less susceptible, but nonetheless, susceptible. Down we go some more.
yeah right, they also announced "no cut to distribution" then 2 months later practically eliminated it. Can't trust what they "announce"
Can't chip anything away. KMI loses money, doesn't make any. Need to increase debt to cover loss's. Look out below. Best bet is bankruptcy. Wipe out shareholders & restructure debt (give bond holders ten cents on the dollar). Not good for stockholders, but brilliant move for management.
Actually, Buffett would love for it to break $65, as should you & I. Assuming we are all long term investors & assuming fair value is +-$80, I would like PSX at $60, love it at $50 & jump for joy at $40. Throwing tons of money at something to keep it artificially high is a losing strategy. Dream & wish for it to get crushed, then buy when "there is blood in the streets" when everyone else has given up.
The "real investors" are shorting and making a killing. At some point they will close out and go long, but "real investors" don't try to catch a falling knife.
Chuck doesn't want your shares. I estimated $6.50 on a distribution cut. We are just about at $6.50 and no one has said anything about a distribution cut. Not so much a self serving weasel now.
I tried telling everyone this was going to mid $6's. They called me "ground Chuck", but we're just about there. Any wiff of a distribution cut and we'll cut through that like a hot knife through butter.