Couple of questions - Doesn't the earning report come out on February 19th? What is the heck does EPS have to do with ETP? MLPs distribute cash based of DCF as you seem to know. Also since ETP has contracts with prices and volumes already in place - will the short term cold weeather change anything? I also note that in the Southwest weather has been about 5-8 degrees above normal since December 1st in most areas. Gas consumption has been up but that is out of stroage and the ones making $$ are the producers that were not hedged and the storage guys that own NG to sell at spot market prices. ETP to my knowledge is not in that position.
Interesting development that the US govt has gotten involved in ordering reversals of a couple pipelines to get more propane into the midwest and NEast. Wonder if they have any idea about what is needed to reverse a pipeline?
The key driver is going to be when the report earnings. Significant income from Lymphoseek is what they need. $$ is what moves prices. not long to wait to see what developed last quarter.
Think Arbtrdr has tried to discuss it with you and give reasons why he disagrees. He pointed out several places where your facts were not correct, but he has not attacked you. He also asked if you had called EPD - who makes the decisions - have you? Did you answer?
mktply = IGNORE
Tired of his rants and now both name calling and making things up. EPD said in a ccall they would be raising by .01 per quarter and evaluating annually for a special. Nothing more. There was no plan to distribute to any specific coverage level filed with the SEC. Everything that went before changed with the credit meltdown in 2008/09.
Jake - Before you got to this page did you go to the EPD summary page? Of course - you had to! Look for "Earnings" and then to the right is the date!
And they suggested the dividends would go up 8% next year. That is less than than ETE and most of the other MLP GPs.
Hmmm - another statement that is incorrect. Is the falling demand the reason that NG is up to well over $4 from under $2 when the article below was published.
The Energy Information Administration of the US Govt published the following.
"in its Annual Energy Outlook 2011, projects that natural gas demand in the United States could be 26.55 trillion cubic feet (Tcf) by the year 2035. That is an increase of 16 percent over 2009 demand levels. In comparison total energy consumption is expected to increase by 20 percent (from 94.79 quadrillion British thermal units to 114.19) by 2035. The EIA predicts an annual energy demand increase of 0.7 percent over the next 26 years."
Consumption has actually been a bit higher than those numbers because of utility conversion to NGas from coal. We are also expecting to export approximately 6Tcf a year by 2019 in the form of LNG.