I see wells being capped and consumption stabilizing or increasing. The glut will be brought down and prices will start to rise. We shall all see how this plays out.
ETP should be reporting good coverage in a couple of weeks. I think hedge funds are going to pile back in once they see the pipeline tollways are intact.
Williams and Sunoco have announced distributions with no cut. I am betting that the ETP distribution will be the same or increased.
I know you are correct. It is being driven down by year end sell off of hedge funds. They are being forced to sell to cover redemptions. It will end soon.
I feel that ETP has been like the baby thrown out with the dishwater. Those pipeline assets are the cheapest way to transport ng and oil, and we are always going to be using those fuels in our lifetime. I am in it for the longterm. I admit I am nervous about the dividend short term, but in the longterm this company will flourish and the unit price will grow. Volumes can change with demand, but it will all even out in the end game.
I have bought more all the way down from 65 till now. If I disclosed how much I have board people would call me a liar. I am screwed if it doesn't come back, but I have put my money where my mouth is.
You are correct sir! The flow might be effected, but the choices to transport oil or NG are few. Pipelines are the cheapest of the three options. Watch how earnings won't be effected by the prices.