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Enterprise Products Partners L.P. Message Board

goto_gofer 23 posts  |  Last Activity: 2 hours 12 minutes ago Member since: Dec 1, 2003
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  • goto_gofer by goto_gofer 2 hours 12 minutes ago Flag

    Today's business section had a lengthy sand article. Our cfo is best described as cautiously optimistic. I'd link the article but you have to subscribe to gain access to all but one sentence of the story and a great picture of a sand pile. We will likely see a 20% decrease in wells drilled, and sand per well will increase by 10 - 20%. Sort of a flat wash. Carbo Ceramics is obviously sweating bullets saying they are hoping to survive a 50% sales slump. Didn't they just leverage big to double their capacity? This must be the point where low tech sand's cost advantage whips hi-tech horn tooting.

  • Reply to

    Strike

    by mingusmts 7 hours ago
    goto_gofer goto_gofer 2 hours 39 minutes ago Flag

    The paper said Shell is on point this time. So what ever Shell agrees to is what the other locals will most likely settle for. Maybe an operating costs increase .... and it gets passed through. Anyway, Big Springs is in Texas and I think there is a law that says any out of state rabble rousers bussed in from Chicago are fair game if they get in the road in front of the plant while holding a sign. lol I expect our management folks will dust off their jump suits and watch the gauges until a settlement.

  • Reply to

    union

    by wdorminy59 Jan 27, 2015 10:34 AM
    goto_gofer goto_gofer Jan 29, 2015 3:56 PM Flag

    " Hopefully they have some temp workers lined up. "

    I don't know about Big Spring, but when the Union went out on Shell Deer Park, they sent in management employees to run the refinery. And union hardcore bragged about booby-trapping the cat cracker to blow when the managers were running it. Just what I've heard..... it will be interesting to watch if they go out.

  • goto_gofer goto_gofer Jan 29, 2015 3:33 PM Flag

    "9Not exact words but close."

    Also not the exact words, but a week ago an insider was heard saying their sand biz was solid and they have not seen the downturn being experienced elsewhere. I suppose that same commentary might show up in any recent presentations, if any....but I have not looked for it. Anyway, the silence is deafening, and numbers are numbers, probably pretty good numbers considering Cramer is chewing on our hind leg. You can always tell when he is working to get long...or waiting for a better price to cover.

  • goto_gofer goto_gofer Jan 8, 2015 4:02 PM Flag

    Is strange. Must have been a head fake squeeze. Big short probably unloaded more shares. Guess we are going back to 10 soon. Glad we are all smart now ... after being fooled at least 3 times each. .... after the trip to 10 we will go to 62 where the company is sold.

  • Reply to

    OVTI @ CES

    by pprint1844 Jan 7, 2015 10:01 AM
    goto_gofer goto_gofer Jan 7, 2015 4:57 PM Flag

    They are currently calculating the CHUB value of the purchase. That's the "Chunk Hong Under the Bus" quotient. ...What is the minimum they can offer and still get the shareholders to agree to take their lowball offer instead of putting up another day with the manipulation. So it looks like time is getting short to insult them.... who is them anyway? Chinese Nazis? Chucky's offspring? Decendents of great Uncle Khan? Or just Insider groupies and other relatives?

  • Reply to

    Wondering

    by jbcguy Jan 7, 2015 11:06 AM
    goto_gofer goto_gofer Jan 7, 2015 1:09 PM Flag

    Right Jim.... but my new year's resolution prevents me from chiming in on LINE.... you know, I'm trying not to say anything at all. But there are good companies and bad companies and unfortunately most investors can't tell which is which when it comes to MLPs. So it's no wonder a small handful of horrible managers can fool so many people with financial gimmicks... or at least enough folks to prop up their units with bs when the need arrives. Being upside down on half my units here is sort of positive, I'm watching and waiting and measuring the company's response to the market disaster which will determine if I keep the units or invest elsewhere. This is, after all, a puppy. Lets see if it's paper trained..... Anyway, I tend to agree about buying back units. That seems like the best way to buy reserves if oil hovers in the $40 - 50 range. Waiting on a great prospect might be a waste of time. Bottoms don't always last long enough to make zombies out of the weaklings.

  • Reply to

    Numbers

    by jbcguy Jan 6, 2015 10:07 AM
    goto_gofer goto_gofer Jan 6, 2015 10:22 PM Flag

    "....go by without doing anything."

    That's the main point to explore. We just assume something will be done. Lot's of fear weighing down the decision makers. I've seen a number of managements sit fat during their industry's turmoil because it was the safe thing to do...nothing. Everyone commenting here is correct. We need a good balance? How about trim the distribution, buy some shares in the MARKET, and pick through the carnage to buy some solid production property, all in limited quantities? And then sit on a pile of unused LOC.

    Mainly, I don't want to bail out LINE. I don't want to act like LINE. I don't want to operate like LINE. No more bs. Leave that for the overextended MLPs. They need to pick a solid high ground to operate from and provide regular guidance for the unit holders to vote their money and make well reasoned investment decisions. Why? Because we are the only ones that count while the Saudi's and Obamites trash the global crude business. Anybody get a memo stating when this will end? I didn't. In fact, they keep pointing out that until we shut in the shale they will ruin the American oil business. And those of us who weathered the '80s bust can still recite the oilman's prayer, while hanging onto a cliff by our fingernails, blind drunk.

  • Reply to

    MEMP got a good mention in Barrons today

    by bicepsbunny Dec 31, 2014 2:45 AM
    goto_gofer goto_gofer Jan 1, 2015 1:30 AM Flag

    There is a monetary conspiracy behind everything. Embrace the conspiracy and make money. Pretty good odds these units will double from here and will yield 14% while bagholders wait. I'd say that seems like a pretty good reward/risk numbers.

  • goto_gofer by goto_gofer Dec 31, 2014 2:45 PM Flag

    Today I've been taking bites of various oversold stocks. On Friday I will buy more.. Just watch out is all I'm saying because just when you think it will go down some more, it won't. Many crude victims are down too far too fast. This one might catch up with their delivery schedule about the time crude climbs out of the dumpster. Anyway, the 2014 bad news here is NY politicians haven't been greased and the good news is they will find a way in 2015.

  • Really? I never heard of a NY rig count. You sure they don't just skim the oil from their waterways or slant drill the bordering states? Say, I wonder if they also banned the importation of oil from fractured wells? And what about selling oil in containers larger then 12 oz.? Seems government there has moved into the entertainment business....stand-up comedy.

  • goto_gofer goto_gofer Dec 16, 2014 10:08 PM Flag

    Stacey actually said a lot..... write down of inventory is a non-cash charge and does not impact the cash available to distribute. However it would reduce Line 1 on the K-1 and we would not pay as much tax on earnings. I sure won't loose sleep over that. As to the cat cracker not being on fire, maybe they not running at capacity or they are making changes and they are not fully ramped at the moment. Or it could be a bit of humor.

  • Reply to

    Frac Sand - The Devil Is In The Details

    by wilddogpicker Dec 15, 2014 8:31 PM
    goto_gofer goto_gofer Dec 16, 2014 1:09 PM Flag

    Nothing wrong with Seeking Alpha. And of course articles are either positive or negative.... But lots of good info usually. Better then being dumb about the stocks you hope to make money from. Besides, these units are up about 15% in the last few days so maybe the clouds are clearing up and there will be much more Seeking Alpha table pounding for HCLP! Reminds me of the little engine that could. Merry Christmas!

  • I couldn't say when it will let up. It feeds on itself.

    Based on the current price and all the risks of ownership, I would guess the distributions will be about 37 cents each quarter. That gives us a 12% yield and fits the known facts. Hopefully we are not fighting a disruptive hedge-wind since that is a wildcard not quantified.

  • Reply to

    #1 Rated by Zacks

    by classshopper Dec 1, 2014 11:52 AM
    goto_gofer goto_gofer Dec 12, 2014 9:25 PM Flag

    "So much for Zacks."

    I think they were our last friend. I guess the bottom is in now....

  • Reply to

    What will the effects of lower crude oil be?

    by rockmanv2002 Dec 11, 2014 8:08 PM
    goto_gofer goto_gofer Dec 11, 2014 9:42 PM Flag

    "I think that the more immediate danger is that the marking down of the value of crude oil will negatively affect this quarters earnings."

    I was hoping somebody with refinery op experience would stop by and enlighten us all. At the rate crude has moved down it looks like a painful dash on a treadmill for those buying the upstream crude. Must be a panic to move it through the refinery and out to the buyers before the spread is lost. Or do we have purchase contracts from ALJ? Maybe not being integrated gives us a competitive edge. Owning the whole vertical pipeline must be rough with all the inventory in each segment losing value while you try to process and sell it. There, I feel better now, I think we will weather the storm better then most.

  • Reply to

    ANYONE ADDING HERE ?

    by hawkeyes55555 Nov 28, 2014 11:04 AM
    goto_gofer goto_gofer Dec 1, 2014 5:32 PM Flag

    "I will wait at this point."

    Maybe today was the bottom and maybe not. Stupid me just knows one thing... that low was TODAY's low.
    But I'm pretty sure no fat lady is going to sing the all clear.

  • Reply to

    Distributions secure through 2015

    by pref_prof Nov 14, 2014 10:01 AM
    goto_gofer goto_gofer Nov 14, 2014 12:33 PM Flag

    A switch to monthly distributions is a good way to scale down distribution expectations and that might solve this sort of premature sell-off disaster.... the bundled insanity followed by binge greeding.

  • Reply to

    ALDW Not Paying for Krotz Springs Upgrade

    by nostrov3 Nov 13, 2014 3:07 PM
    goto_gofer goto_gofer Nov 13, 2014 4:15 PM Flag

    Of course "the price drop is due to small retail investors simultaneously trying to dump a thinly traded stock?"
    .. in response to a dilutive drop down requiring an unknown capital dilution. I guess they will adjust the market price of the units so it is "minimally dilutive" when they close? Obviously that will be priced by an impartial 3rd party. (right!) So why should it be dilutive at all? I don't see other companies bidding on Krotz Springs. Why would we be picking up assets which are not accretive to real earnings and distributable cash? Not to mention maybe some of us own this because it is a one pony trick!

    If someone wants to make more money they should buy more units. ...

  • goto_gofer by goto_gofer Nov 13, 2014 1:07 PM Flag

    That was my IRA shares. Gone. I voluntarily shot them at the bottom of the moment. Jury is still out deliberating about my taxable shares. I bought them too cheap I guess. I'm really sure I don't like the wording of the rather vague bs about paying for the refinery in shares. Duh... we shrimp own 19% and they own 81%. The less the units are worth the more we pay them for the right to maintain their refinery. Think that sort of hooey is a deal breaker in my book of level playing fields. They still shoot horses don't they..... did we lie down in the middle of the race track and beg for a ride to the rendering plant? We better hear something from the bozos working for us....... time is short...........

EPD
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