He is entertaining, but he is usually wrong with his advice. I have lost money when I listened to him, and made money when I did the opposite of what he says. He has been totally off the mark with ETP.
The analysts upgrade after the fact in every instance. I am long ETP, but Goldman is a joke anymore. The upgrade didn't even mean a thing to the market.
I don't totally understand what the ramifications of this are. Does this mean they are going to sell the amount of shares to raise that money and what are limited interests?
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.