hi ake and b&w
i unloaded all my mwe upon the news.
great ride and thankful for the profits and all your input on this great board.
sad day for me when i heard the news.
i loaded up on more gel (love the epd deal)lots of paa,many many shares of etp and bpl.
if semple selling im selling.
thats my thinking.
nothing forever but death and taxes.
good luck to u all.we made a great deal here.
i will continue to monitor board till it expires.
small float big profit taking.
in hands of nervous small investors.
spells a disaster.
still a well managed fund.
however sector under attack.
everyone tried to get out the door at same time.
samething will happen if everyone wants in.
no block trades did i see.
if yield hits 7.00%ill be buying bpl.
if etp hits 9%ill be buying.
epd is great co.just not in my wheel house.
also if gel hits north of 6% ill add.
whats happening imho is fund liquidation let em sell the above i mentioned are great co.s i dont mind holding
as for oil i have no chrystal ball what will be will be.
i sold out of mwe.
ithought bad deal however semple may know something we dont but y back into another gp.
paa also will get interesting.howeverdoesnt have growth of the above.
always interesting reading your comments.
ake nice seeing u
i finally sold all my mwe in spite of the taxes and recapture.
for such supposedly smart guys what a stupid deal.
makes no sense unless it benefits management.
well mwe in the past.
concentrating on good managements and mlps with no gps.
love what gel is doing they will be a force.
adding more here and bpl.
bought a load of glp on the cheap their management excellent and they have a lot of retail so cash flo not a problem.
and they are aquisitive.
however will miss mwe board was the best in town.
hoping we can move most of em over to here the gel board.
i see the growth now mostly in gel and blp.
as always best of luck will monitor this board and looking forward to your notes.
also noticed rrb here.
he has a good handle on everything in mlp land.
basically we used to be the only ones on this board.
the baby is growing.
ake i agree
but who would buy who.
both strong management
if it came to pass i believe mmp swallows gel.
just my opinion.
also watch for bpl to be involved in some deal.
was looking for a new addition what r your thoughts on etp as oppossed to ete.
its in the wrong business at this time with a small float.
what do u expect
and it aint going to get better anytime soon
good post hare and this is what i have been saying.
money is money and i dont care how we get it either thru tax deferred dist or growth which we sell with ltcg
i have loss carry forward built up over years.
plus mpc a great co to join forces with.
u need dist .to live on look at glp.
good management good assets and growing.
however in oil and derivatives business.
good luck after all these years to the longs and steady contributors to this great board.
if the deal not good for mwe y is semple doing deal.
ill take mplx with lower dist and now.
better growth. i understand the dist .part but there r other mlps with decent growth and same or better dist.
this ,i think will be good for entire mlp section.
screw the shorts and they r plenty of them.
mwe has been good to us for years however like life time to move on.in addition who says no other hostile bid arrises.
what ill miss the most is this board.
best board on net.
who is going to buy out gas stations with low margins.
however u have good management here plus some large sellers.
and a low float
this downdraft began when they announced stock offering.im sure by end of year this will be 39 or 40 stock.
so what u r saying is the futures of mlps doesnt look good in even a small raising interest rate enviorment.growth will be limited .they in turn will be considered like utilities.
i bought more ar 37.03 yield7.03% will take time but 40. the target
good luck to all
long term holder.
this #$%$ always happens.not the offering but insiders knowing ahead of time and trading on this news.
happens to all mlps.
sec should investigate this conduct.
on a day when market flies glp taking a .80 bath
trust me people knew.
us little investors always last to know
just annoys me to death not that i would sell but at least would like a level playingfield.
u can almost see it coming.
or maybe street expecting SO
to pay for new texas plant
there where 3block trades today all sell i expect.
dist .slo down maybe reason also.
street expecting another SO to pay for new texas plant.
did anyone listen to webcast if so any take aways to share.
thx u band w.i read that before.
another piece of news illustrating mwe superior leadershop and vision
good work for bringing to boards attention