listened to a shale report vis a vie china on blumberg radio today
they will be bringing in firms from the usa to open their shale nat.gas deposits.
they must wean themselves of coal since china now over polluted from all the coal they are burning.
no specific companys mentioned but mwe a leader in their field .who knows growth may await overseas.
on the cc today no one asked the question bout the third player joining kmp and mwe down in the gulf in the texas area.
i second hatchs opinion it will be ngls.also no one connected the dots regarding the lowered dcr for this quarter and the sxl pipeline problems or the loss of revenus from the west va. mudslide.
not even a speculation as to what that meant.
also the overwhelming amount of nat .gas for mwe to handle cause the operators want the oily ngls as oppossed to the dry gas.
have come to realize over the years most analysis in this area not good.
this board more knowledgeable.
mwe still a growth story with superior management.
over time we have been rewarded and will still be rewarded.this aint tesla for us just slo and steady.
im sure frank semple lost a bunch today
i listened however one take away i have is that they knew this would happen when they reported.
imho they should have pre announced to lessen the expectations.
and i agree with who ever said that they will only get investment grade when their completions exceed their new build outs.
a .01 increase thru 2014 and into 2015 is the result of
their ambitious planning.will take awhile for a bounce as for the time frame i have no clue.
in addition i feel that they will need another so to raise funds maybe several over the next 2 years.
still a great managed concern but now with lower expectations
because they posted 92%of dcf on that i agree.
mud slide in west va.an act of god.
not being able to process all that ngls thats a good thing and they said will be fixed by end of 2013.
now problems with that pipe is a problem. mwe proably bit off more then they could chew for this quarter however that cs estimate thats not there fault.
where did that analyst get his numbers.only he knows.
now the big question if mwe truly disapointed how come
all those jv s with the likes of kmp etc. are partnering with mwe
a sell off tomorrow maybe a trend no.
maybe a several day sell off.
but in the long run who is selling on this board not me.
and im no pumper.
mwe still a blue ribbon mlp.
so let em sell they will be back.
i have no sympathy for traders.
only the pipe and terminal
also they have no liability.
just another excuse for profit taking.
transmitting oil by rr aint going to stop however increase regulation will certainly be next.
how this will effect profits at this time we dont know
gel still a powerhouse with great management
ill if u read correctly trgp getting the distribution increase of 25%
ngls growth of distribution between 6%and 8% thats the reason for the sell ogg imho.
if u love it now then u would have ,loved it even more several years back where many members of this board purchased it.
keep the faith
fine thxs for the note.
i expect this investment grade sooner then later.
my chyrstal ball not working so i cant give u a date.
however once mwe gets this i expect increases to distribution of .01 or .02 per quarter.
thats how i computed 90/share and some times in 2014.
hopefully im right if wrong then one more wrong assumption on my part.
always enjoy your posts
on its way to 90./share in 2014 however the fly in the ointment imho will be at least one more if not two stock offerings.
however still a powerhouse also i feel will not raise distribution more then a .01 per quarter until they get that investment grade rating they so desperately they want.
simply superb management.
u can bet that next quarters distribution will be at the low end of the range.
at best .58 for the quarter.
good old eddie promise high deliver low.
this u can bank on.
ill never buy another company where eddie cohen or his family is associated,
some guys make money cause of their brains.
then there r a few who make money with luck.
eddie cohen in the lucky class.
nothing wrong with that just i dont have to buy into his company.
what u have here is a high paying bond with little growth prospects.
i feel sorry for those who paid in the mid 20s for this stock.
will it grow i dont know but im rooting for us.
upped by .01 if u multiply by 4quarters then increased to .04 if u read mwe message they state distribution increased to 3.40 per share for the year.
ergo distribution right in line with what many expected
i believe mwe to be the most compelling story in the entire mlp universe.recently i added to my holdings at around 69 per share.
imho there isnt a better story out there then mwe.
i envision a price north of 90 per share in 2015.
as well as substantial distribution growth.
this is a true wealth creator.
good investing to our board.
ake and marv
ive been doing this for quite a while also.
one thing i have learned is that management is the key.
recently ,against my better judgement i took a position in arp.
the distribution compelling.naturally eddie cohen screwed it up again by promising high delivering low.
i also am intrigued by the new ceo of cmlp who came over from epd.
however i thought y not just ad to my largest positions when i feel they are the best.
so i have they are mwe,gel,and ngls.
besides arp the only other new position i added was lgcy.
i have been following them for quite a while and feel their management superior.
hence when the linn debacle happened i jumped on it and backed up the truck securing a 9%yield.
u wont get rich with lgcy but u will enjoy great management and a sweet yield.
have other substantial holdings also but wont bore u with such.
like in real estate its location,location location with mlps its management management management.
its like the mets in baseball lousy ownership until the ownership of the mets sell out they wilkl always be a garbage team.
same here with eddie cohen. some guys r brilliant other guys get lucky.
cohen made money being lucky.
his mantra screw the shareholders.
im in at 21 as i said before yield excellent assets r good.
but as long as he controls arp s board we r going no where.
this guy has no clue how to deal with the street or shareholders and he doesnt care.
so no more complaints.
either stay or sell.
however ill tell u this im never buying into any company this guy is involved with.
not that he cares.
carl ichan were r u now.
no more dissecting this company or explaining what we have no more looking for value with him.
good luck to us all with this company.
we could sure use it.
do u think cohen cares what we say on this board.
guess what not a bit.
i look at arp as a bond with a 10 handle.
today all my mlps moving up smartly.
a great day for us that have solid mlp investments except in the atlas family.
take a look at lgcy.
i was fortunate enuf to get it during the line debacle at 25.00 backed up the proverbial truck always liked their management
thats y my largest holdings all have great visionary management.
gel,mwe and ngls.
this guy not in their class thats y his holdings always will sell at a discount and not a premuim.
their like the mets in baseball.as long as the wilpons own them they will always be a loser.
atlas will be good if ever cohen sells which i highly doubt.
the only thing u can hope for here is that cohen brings in superior management to run these holdings.
but that begs the question y would a bright visionary guy want to work for eddie cohen.
so enuf knocking cohen and arp.
it is what it is and tilll cohen leaves it will never change.
take the 10%and be glad he didnt cut the distribution.
i feel sorry for bo sox pat if he bought 50,000. units of this mlp.
his money would have been served better elsewhere.
at least he didnt cut the distribution.
this is my last time i ever buy into a eddie cohen product.
i knew when i went in what this guy is capable of.
to be honest i always thought that he was one of these guys who made money by accident and got lucky.
nothing wrong with luck cept i dont have to invest with him.,
still as i said before assets strong ,distribution good and im not selling.
my loss minimal here since i average around 21/per share.
taking into account the distribution im even for the quarter.
looking around there r no more cheap e and p plays that r worth anything imho.
however this is the growth industry to be in energy ,in spite of obama,its booming.
midland ,texas is the next hub of the usa.
keep the faith.
as for eddie cohen never again.
i dont understand u
is this a shock to u
cohen is notorious for always over stating and under producing
i go back years with him.
hes never changed he will always screw the shareholder.
however a 10%plus yield at todays prices i can tolerate
and the assets r still viable .however u want stock growth aint happening here.
i bought in with my eyes wide open.
if i needed these monies to add to my winners i would sell
however i am over loaded in my favs so ill stick around in this mlp.
if u want growth in an eand p mlp look at lgcy.
those guys know how to run an outfit.
and there are other fine e and p;s out there.
hopefully within the next several years ,in spite of cohen,something will happen here to move the needle up.
but i didnt buy in with rose colored glasses.
tomorrow will give us some indication of the near term direction of this company.
right now ,with this announcement i would be happy if its range bound between 20 and 21.
who knows i may be wrong and the market likes this message.
u just waking up to eddie cohen
as a shareholder he will screw u everytime
i hope arp gets the distribution increase to .65/quarter.
if not just watch this elevator fall.
ill never invest again with him
have substantial position at a good buy price and would have bought more but have known about eddie cohen for years
this guy scares me.
he allways takes a good thing and invariably screws it up.
i hope this time he comes thru with the .65 per unit distribution.
if not like an elevator going down with an elephant in it and brakes fail.
fingers and toes crossed.