got to love it
now my number one holding in dollars.
still in its trading range waiting for it to break 60 this year.
still that great management and collection of assets.
their maritime business ringing the register and their micro refineries with that crack spread widening making more money.
my mini paa doing wonderful.
as for mwe going to take time imho they bit off more then they can choose at this time.
they need mucho dinero to build out all their projects.
im thinking late 2015 or early 2016 to explode.
but still a long range keeper.their exporting of propane second to epd.and their widening their ports the reopening of a wider panama canal will be a big plus for them.
i could go on bout others but dont want to hog the board.
going to be a long 2015 also
in 2015 we should see interest rise and mwe going the route of stock offerings for the next 2 years.
cap ex going to be high i dont have 50years left as some of u do mwe imho as of now for the next 2 years just your average mlp grower.
for now ,i know some dont want to hear this ,but the bloom is off the rose.
im a holder and i hope that they can grow income faster then projected .as a plus ,as i have stated before great mix of assets and management.
i hope i get to see the great rise before my kids do.
y grit teeth over the course of at least the next year mwe is a basic non grower who needs billions to complete its many and varied projects.
its still an excellent company with superior management
however as an investment for the next year proably dead money.
there are others in the mlp arena who might be better over the near term for distribution and price growth.
im a holder and not selling.
but as for buying u might look elsewhere till 2015.
y we are stuck
for overr promising and under delivering ,no matter how good their assets are,the street imho just hasnt taken to their management style.
hopefully this will improve
i know its hard but keep the faith.
i agree on vlp i bought a nice position bout 30. per share i like their parent/gp however i am no fan of idrs.ill look at tllp however i rarely trade my mlps and right now my plate full
thxs for your response
makes me happy credit suisse agrees with me.
held up nicely yesterday until the fed minutes came out.
then most tanked.
and gel still held in rather nicely.
and yes,as a really long term holder ,im still a believer in gels future.
we r hedged so except for a very small amount on the open market our revenue is pre determined
most e and p companys do this.
the cohens r notorious for over promising and not delivering
has happened before.
hopefully the management team in place at arp is superior to apl and didnt let this happen.
all we can do is wait for our report.
hopefully it will be a pleasant surprise.
and the arp team has learned its lesson from the previous quarter.
obviously they have competition in their transportation of the oil business segment.
they r moving less oil hence less revenue hopefully they will correct this problem.
thery have an excellent management team in place.
'their other problems vis a vi revenus are more easily corrected which they will if not all ready will correct.
no reason to panic.this is an excellent company with superb management this is business
and they will improve their problems.
u want to see a downdraft today look at atls.
thats whole another kettle of fish.
in closing imho gel would have been beter sewrved by pre announcing this miss if they knew about it say a month ago.
just my opinion.
mwe mentioned positively in this weeks baron within an excellent roundtable discussion of mlps.
i suggest that it is worth a read.
they pay great attention to distribution coverage.
this should be addressed at the mwe cc.
however the tisch family runs bwp and they have never been shareholder friendly.
i never would get involved with bwp.
i agree but building in china cheaper pl;us no labor unions to contend with.
another example of unions chasing job growth away.
unions deystroy jobs not create new ones thats y the advent of the unions r on decline.
after 2014 if reps take both house and senate u will see the steady erosion of the union population in this country.
means more good jobs for the usa.
with keystone looking like it will be approved im thinking not only more maritime acquisition but something directly related to refining.
keystone will be bringing down that cheaper heavier canadian oil.
gel allready has experiences with their micro refiniery system.
whatever it is i have confidence with that great management team it will be a great fit and acretive .
i am also looking forward to the cc from arp.
i think finally we may get some positive news on their programs and private partnerships going forward.
at least i sure hope so.
i like they went to a monthly payer like line and vnr.
monthly payments certainly smooths out the volatility and places a bigger burden on the shorts since they get to fork over that distribution monthly.
ake get sundays wall street journal
nice article bout oil barges and how they are ringing the cash register.
gel not mentioned specifically.
however im sure they will add to their growing fleet of barges.
gel a 60.00 plus mlp this year.
business wire reported .58 for the quarter.
on the arp profile page under investor relations the clicking on distributions arp declared .56 for this quarter.
i must assume then its .56 for the quarter.
this number has just been posted.on the arp site
again sorry for any confusion.
i hope arp comes out and clarifies this reporting error