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PHH Corporation Message Board

citiccgirl 2 posts  |  Last Activity: Jul 23, 2015 11:40 AM Member since: Apr 18, 2008
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  • citiccgirl citiccgirl Jul 23, 2015 11:40 AM Flag

    More of the article
    "The simple fact is we need all of the pipe we can get in this country. Oil by train costs $13 more per barrel than oil by pipe and in an era where we are not as competitive as we like, it is suicidal to keep using rail. So oil pipes are especially needed at these prices.

    Natural gas? I know this will shock people, but it is in incredible demand all over the country in part because of the closure of coal plants and in part because of a shortage of natural gas in the one-time big exporter Mexico and also because Cheniere Energy (LNG) is on the cusp of shipping liquefied natural gas and it is incredibly anxious to line up all the pipe it can from the many different shales around the country. Exported nat gas will very shortly encompass 10% of productions, so the industry is desperate for pipes.

    So, it is not like the lower price of either commodity is going to impact all but the gunslinger MLPs and that's a minority.

    This is about etiquette and honor. No one in this business is allowed, publicly, to say "it's this fund, he's in trouble, he's doing the selling and we are going to destroy him by short selling all his positions into oblivion until he capitulates."

    What makes me so certain that this is all one big liquidation? Well how about Williams Partners (WPZ)? It just this week boosted its quarterly distribution from to 85 cents from 59 cents, a staggering amount. If it were going to cut its dividend, why would it just raise it, giving the stock, which trades at $45, a 7.5% yield."

    i don't know if I can fit more

    Sentiment: Strong Buy

  • Cramer wrote today' Energy MLPs Aren't Struggling Because of Fundamentals'
    Jim Cramer Following/ | Jul 23, 2015 | 6:52 AM EDT

    "These stocks are being liquidated and it isn't because of their fundamentals. It's because some unnamed moronic fund is out there flailing, dangerous, selling everything and when he's through the bear market in them will be done.

    How about the fact that right now Williams Companies (WMB) is pretty much in an auction mode having received a very real stock bid from Energy Transfer Equity (ETE) that at one point was worth $64, one it rejected for being way too low. WMB is now at $53 and is still very much in play.

    Whatever, we don't know when the unnatural selling will end. We do know that I think we will look back and think "How did they ever get so low?" Which is why, if you are willing to accept that it is unnatural selling and you can own something for more than a few days of this fool's pain, this, right now, is the time to buy these stocks."

    Sentiment: Strong Buy

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