you sold and got $???. Now you owe cap gain tax and ordinary tax on all the depreciation credits that allowed you to postpone taxes for five years. Are you considering the net after tax capital for your reinvestment, or the net procedes of the sale?
down since early this year, while awaiting bulk demand recovery. Now may be affected by John Fredriksen's empire slippage. The reduction in his Golar holdings and the concurrent slippage in sdrl and nadl due the Putin factor, demand/price of oil factor and perhaps the golar sale factor, are hopefully a temporary ( one year or two) cause. I think there can be a successful turnaround if gdocf remains solvent without need of Fredriksen cash input.
The lack of postings reflects the doubts in long term holders minds, including mine. This is a small part of my portfolio, and getting smaller. I have no plans to add. glta
The damage they do can last for some time, look at kmi and line. With line the damage cost line and its unitholders in distribution and unit value. I assume that hedgeye insiders have benefited.
JP Morgan cut to neutral and 71 target, joining the parade. That will continue the reduced price for mwe unit sales and opportunities for investor purchases. Unfortunately, I have a pretty full complement, but they keep tempting me. I can accept a slower cagr for a while despite being an older guy, but I don't want too many eggs in one basket. I did buy some LYB a while back, but that isn't really diversification.
is unusual. Perhaps there's an expectation that some delays in planned progress will cause an extended period of one cent dist increases. Perhaps williams/bwp difficulty in getting enough committments.for their pipeline is also affecting kmp/mwe. I don't know, and therefore will probably pass on today's approach to bargain territory.
I'm not sure why major holders would bother fighting any shorts. I note the div will apparently NOT be raised further nor more new orders made until the slowdown ends. That seems sensible. I don't know what they're planning for sdlp. All in all, a time for me to hold rather than add. I will collect the div and wait with sdrl management for the demand to resume.
SDRL is not an mlp. The dividends qualify. Although Norwegian, they are in Bermuda for tax purposes.
This is all so complicated that I agree with Liza, EP & RRB, and would hope to see a consolidation worked out within one year. I agree epb will grow slower than kmp. Secondaries for epb will be a more expensive way to fund expansion than it has been, another prognosticator of lower growth. It's not likely KMI wants to damage its epb holdings, and it has no HISTORY of hurting unitholders that I know of.
I expect to take tthe distributions, and hope for a proposal based on a modest premium, renewed distribution growth for etb holders, some administrative expense reductions, and some modification in the epb holder idr.
I am uncomfortable with the current situation wheri much of the potential dropdowns from ep I expected epb would get were lost.
You've a broad holding in mlp's and have been at this for a while. I've learned a lot reading your posts, What do you think the chances that the now pps depressed epb gets combined with KMP effectively eliminating what would have been the premium?
The same to you and all other board participants. I've found this to be the most rational educational and useful board that I'm aware of. A happy, healthy and prosperous New Year to all.,