hi mlps a little down recently
just completed filling a new position in oke
im late to their party but feel they have a bright future ahead plus they are cash rich.
just filled my ete position and am now starting a position in smlp.
been on my radar screen a long time.
smaller then gel however another great management team and so well positioned .
looked at dmp then decided on smlp.
i feel we r just beginning our mlp golden age.
largest holdings mwe,ngls,ete,gel,oke.
within a year depending on price hope to have full position in smlp.
watching your cmlp noticed its creeping up and went over 22.
have been re reviewing dpm.
had and sold before.
was thinking of selling some gel and re deploying into dpm.
dpm ,like gel,gets little notice or press and with the door slightly ajar regarding exporting of very lite crude and ngls it ,with help of its general partners might be poised for excellent growth
do u have any thoughts.
ok 2 more big years im in.
also its just who wants trgp /ngls more.
i believe several mlps have access to the capital necessary.
to be honest i wouldnt be unhappy with a bidding war.
also maybe a combo of mlps bid as a group with the split up all ready predetermined.
but imho the sale will happen.
trgp and ngls are now firmily in play.
all we are talking about is the money
speculating on the buyer mere chatter.
im sure this weekend all the mlps mentioned above were in discussions re:raising the 19-20 billion it will take.
whateverhappens im not selling and will take shares in the new endaevour.
this is the stuff dreams are made out of.
i dont see how u can go wrong buying more ete or ngls or trgp,
kelsey warren of ete is one determined man.
he has taken over dan duncans cape.
as we are all holders of these mlps u got to love this.
i am no fan of diversification.
just load up on the great ones what ever your preferences.
imho family fortunes can be made in these next 2 years.
i agree. i believe someone took profits and is repositioning in the mid stream arena.
in addition ,if u notice gels long term trading pattern this has happened before.
gels unique assets and superb management will drive this gem forward.
i also hold ngls.
the deal making with ngls ,imho is not over.
we will hear something again in the space.
warren of ete does not get perturbed or side tracked he is one focused individual and since the death of dan duncan in my opinion is the new seer of midstream energy assets in america.
the gulf coast is booming and big things ahead for gel,ngls and ete . also mwe picking up some steam recently .keep the faith and ye shall be rewarded.
in addition dont be surprised if gel adds to its fleet or reftining capacity.
worse then i can ever remember.
someone dumped an entire position.
havent seen any news to indicate why.
im going to look at block trades.
if anyone has a guess why please post on board.
gel dropping like a rock today
wondering if enb buils out of pipeline to vancouver area the reason or some buy with the normal so in the air or just someone taking profits.
my chrystal ball cloudy today
thxs for your response
we think alike
in order my 3biggest holdings are
ngls has the feel and smell of a 100.00 share position
all 3 will be large growers for the next several years however mwe till another year will be the laggard.
i looked at oilt and emes.
both doing great but i was late to their party so never pulled the trigger.
mmlp intrigues me .i like their assets however dont know their managewment team
as for coal i agree.
will be a hot bed issue in 2014 elections
but no denying its a pollutant.
but rest of world burning it and if it continues it free fal,nrp,l may invest for a trade.
definetly buying more ete its a beast with great management but hugedebt.
i like adding to big winners hence the additional buy more ngls and ete.
i will look into cmlp and thxs for the heads up.
my one other thought is that bio tech will be a huge winner going forward ive always made money with hqh a cef with great i mean great co.s in its fold and management superb
stock recently killed cause of rights offering plus 8%yearly div.
also i have done well with several cef s investing in europe and emerging markets.
i bought when no one wanted.
this year has been excellent to me and for u as well.
oh by the way imho keystone irrevelant now.
oil sands will ship via pipeline thru vancouver to far east.
if i was them thats where i would go.
just look at russia china hook up.
as usual look forward to your missives.
ps imho gel is ready for another announcement as u can tell from my prior notes.
ive been looking at mmlp's assets.
nice collection however did overpay for the apl pipeline aquisition.
im looking to add a new midstream position.
leaning towards either mmlp or dmp.
or just adding more ngls even at these prices.
definetly going to add a small slice of ete.
your thoughts re;the above please.
if u read my note on mwe board wsj today had great piece on lake charles and sassol.
approx.90billion in new devolpment i thought being built .
whatever though gel right in the mix.
and with shelf being raised as well as new bond amount raised imho gel going to do something in near future regarding expansion of refineries ,adding to navy and or aquisition.
we are living in exciting times.
great article in todays wsj about lake charles and sassol building huge operation there bout 90 billion etc.
that entire area including houston channel ready to explode.i agree with marve on big winners ete,ngls,and ete.
gel also in the mix and because of recent behavior by gel ie increasing shelt and bond sale i feel another major aquisition in the works.
u should all read this article.
its what we have been talking about and more so.
exciting things going to happen in our mlp world.
bond sale increased to 350m from 300m amd shelf increased by 50m
something definetly brewing here and market , i feel ,sensing that also.
as holmes says to watson,watson the plot thickening.
ps i may go to jackson hole wy this summer and if i do i will definetly sniff around casper terminal
aint to hard to find
im leaning towards the barges since they really ring the register and they are safer then by rail.
as for martin its a great fit but gel ,so far,hasnt made that type of large move .
refineries ,as of now, coining money.
however wy. not a large populated area and in my readings of the gel published numbers has not been a large market.
however maybe they do both.as for my money whatever this management team does ,if the past is any indication then it will be a winner
as for other mlps mwe still at least a year away but ngls on fire.
i like their management and position.
widening the panama canal right up their alley.
they r on the way to be a big beneficiary of that construction.
as an aside i recently restarted a sizeable position in ete.its a force top be reckoned with and has excellent price and cagr growth.
as always nice hearing from u and good investing
ps is your wife enjoying her new lexus.
its a great ride.
as for me im loving my bmw more every day
heading back to cape cod for the summer for me its paradise in the summer im right on the ocean.
gel ftled for 400m shelf.
must be a reason why.
possible upgrade of facilities or a purchase.
im leaning towards purchase.
of what is the mystery.