like dkl also.good assets and management
added during the distruction and added today also.
imho goodlong term story and also im aquiring the smaller second tier mlps to my folio.
hoping i can find another diamond in the rough.
loaded with my fav mlp mwe.
who said rates going higher.
talking heads on cnbc who never predicted nor understood our lack of an energy policy.
if fed does raise rates they slow down realty market and mtg market.
definetltly hurts exports.
we all ready have a strong dollar.
and definetly decimates the euro and europe.
also we have national elections in 2016. one thimg dems want is no raise in rates.
any fed spots open up obama will nominate a dove.
rates will rise in the future however im not so sure next year even if wall street types calling for it.
as for oil fracking opened up such a huge supply that our infrastructure cannot absorb same.
also cars more efficient
not to forget the uar and saudis who our competitors and do not want to see an energy independent usa.
what will open us up is once we can fully export.
when i dont know plus we have the economically challenged pres.who never gets it right.
if rep.s win control of senate and house then hopefully things will change.
lets make all the greenies in this country happy.
starting with the putz in the white house
stop all hydro carbon exploring and drilling.
buy only oil and gas from the middle east.
let them raise the price per bbl.to at least 150.00 per bbl
have no energy policy ,which we dont anyway
plus it will make all those energy experts and shorts on wall street happy.
then they can concetrate on appl,tesla and google.
of course all the above tongue in cheek.
imho whats happening now is margin calls and redemptions by energy funds of all stripes.
ive seen this in 2008 with mwe under 10. but i didnt buy there.
but ive got my fav,s.list ready withprices.
u can be sure ill be in there when appropriate.
no fool and long.
island good point bout saudis however u may be right bout their motives but affecting oil only.
nat,gas mostly consumed in country.
exports of nat gas still not meaningful in usa
sorry to dissapoint u boys but these arent hedge fund redemptions.
these are proably mlp mutual fund redemptions and they can last a while.
no telling where bottom is.
y are rates going to rise
fed losing 2 hawks and obama will nominate 2 doves.
plus yellin reluctant to raise.
as for europe and emerging markets they are going to loosen not raise.
only ones left are the bond vigilantes.
and if rates raise our multi nationals will sell less.
imho no raise for at least a year .the problem i see now is an oil glut.
if only we could export more.
and if saudis dont institute a price war.
2 big ifs.
arb is right bout corelation between mlps and rising rates however as i said above dont see that for quite awhile.and imho some mlps are growth vehicles.
and im adding on these dips to a very select few.
like marv ive seen this movie before.
epd just bought oilt .the premuim doesnt look large.
right now premarket oilt up bout 11%.
im sure more to come.
good fit for epd.
marv was right bout oilt.howeveer im wondering if i was a s/h would i rather oilt be independent.
so y arent u on facebook board not mwe.
u certainly have nothing to contribute here.
ed cohen over promises and underdelivers.
we need real pros running this co. not the cohen family.
however i believe in the future this co.will do what kinder just did.
makes money for all and if u have in a retirement acct.
no tax consequences.
imho any price under 19.00 represents value and if yield constricts price will rise.
this aint a beauty but hopefully we can all expect a decent return over the next one to two years.
their assets are as fine as most of the well regarded e and p are.
distribution went from 2.3592 to 2.36 what r u talking about.
u r getting roughly 12.5% what do u want.
if u r so nervous sell your shares and buy another eand p.
thats a 20%premuim i think management looking for double that.
kelsey warren has a full plate now.just give him time.what casey wants casey gets.imho ngls is a better fit for ete then pagp.
pagp would fit others better.
ete loves the export side of ngls.
it just might happen.
my chtystal ball very cloudy now
thx u money
but i have been there but i find the mwe forum more then satisfactory for me.
however thx u for the interest.
now as for the most advantegous growth mlps over the next 2 years i nominate,in no particular order,trgp,ngls,mwe and ete.
there r other great ones also but the above are my favs.
imho trgp and ngls will be purchased by another mlp. i am not a fan of diversification and basically only own a few however with a heavy concentration of each.
another favorite gel,imho does not have the outstanding growth of the others but has been wonderful to me.
there r some second tier favs of mine ,which i own ,but not in the concentration of the above.
always enjoy your writings thxs for your work andupdates.
looks like mwe and ete are the biggest participants of these momies leaving kmp and epb.
just my opinion as im watching this development.
however hope springs enternal maybe they will,by accident,make a decent deal and not over pay.
im not adding nor selling.
my shares in a retirement acct and i treat like a bond.
i want growth i buy more ete,ngls,mwe.
unfortunately i just watched emes climb and climb and climb
oh well cant have em all.
never take him literally
he says what he thinks the market wants to hear
he has proven to be not shareholder friendly.
with him u buy his products at your own risk.
his conference calls are meaningless.