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MarkWest Energy Partners, L.P. Message Board

intarzletrol 18 posts  |  Last Activity: 23 hours ago Member since: Aug 18, 2013
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  • intarzletrol intarzletrol 23 hours ago Flag

    Some of us are not freaking out with the drop in market prices. I look forward to buying more mlp's with a yield of 7%. I think that yield is more commensurate with the risk one takes in buying these securities

  • intarzletrol intarzletrol Jul 31, 2014 11:40 AM Flag

    Countries around the globe have a lot more cheap land, low taxes, cheaper labor and less snow than Texas. (ie Mexico.) I can see the whole SE NGL market looking much different when the Eagle Ford shales extending into Mexico start to produce. This could very well be in 5 years.

    I just don't see ethane being the great money maker for energy companies in five to ten years. There are just too many shale deposits in the world and from what I have read many of these will produce liquids including ethanes. I value MWE but not for the ethane in the NE. I think in the long run they will make more from propane and condensate. In fact I am a little concerned that with the Marcellus and Utica projected to be producing 800k barrels of ethane a day in five years, will the producers be able to move it anywhere in the world. The two local cracker projects will take only about 120k a day. The big worry I have is will NE ethane be able to compete with SE Gulf ethane to supply the Gulf cracker needs or will it be out priced by SE producers. Forget the world markets. That will be a whole different #$%$ shoot.

    Diversification is the way I have chosen.

    For me diversification is the way to invest in this industry.

  • intarzletrol intarzletrol Jul 31, 2014 9:55 AM Flag

    I take it the ships have already been built to transport the methane? LOL. The time line for all this to happen (including the Appalachian crackers) is five years away. Shell is awarding contracts for site prep on their cracker and the WVA cracker is moving forward. I would say looking at the situation today the Appalachian crackers will have the lowest cost at least to supply the NE and Mid west. But one does not have the luxury of looking at the situation today. What the landscape is five plus years in the future is what concerns me. I see too many uncertainties to bet on any one area or company.

    I am enjoying the weakness in today's markets. Diversification is what I have been doing. WPZ is what I have been buying. I am not selling anything in the energy area.

  • Reply to

    ACESS Ethane Cracker Update

    by chrxind Jul 20, 2014 12:59 PM
    intarzletrol intarzletrol Jul 21, 2014 12:55 PM Flag

    In my original post I stated: " I would infer the Appalachian area in several years will become the low cost production area for plastics." I don't believe there are any plans to use Naptha as the feedstock in the Appalachian crackers. It is not the price of ethane that is the issue it is the transportation cost to ship it, refrigerate it, and build the ships to transport it. Unless I am missing something I don't believe we will see refrigerated ethane vessels passing the golden triangle in Pittsburgh.

    Now as to who cares about the WVA and Shell crackers I for one care. I want to not only see the jobs that these projects can bring to the area but I also look forward to paying less for sewer and water due to pipe plants locating in this area. From what I have read local E&P companies and midstream companies such as MWE look forward to the these projects.

    As to your comment that "the ethane train as left" I hope this is a figure of speech. I don't want to be anywhere near an ethane train. Unfortunately what has not left the docks are the number of refrigerated ships required to transport the ethane. This whole scenario is five years in the future. By then the ethane landscape may have changed again as shale deposits like Duvernay come on line. Appalachia could be producing 800k barrels a day with only about 120 being used locally.

  • Reply to

    ACESS Ethane Cracker Update

    by chrxind Jul 20, 2014 12:59 PM
    intarzletrol intarzletrol Jul 21, 2014 9:31 AM Flag

    I saw some numbers where the plant will cost around $5 billion so I do believe they plan a major rework. There was a major chemical industry in the region until the Sabic Plant was shut down. It was a joint venture between Dupont and Shell up until 1993. I know Shell had a chemical plant up the river from Parkersburg in the 60's. I visited it on an inventory observation in 1967. They made plastic parts for the furniture industry that looked like wood.

    One thing about shipping ethane that caught my attention is that shipping it is one thing. Once in place it has to be refrigerated. It all looks kind of expensive to me.

  • Reply to

    ACESS Ethane Cracker Update

    by chrxind Jul 20, 2014 12:59 PM
    intarzletrol intarzletrol Jul 20, 2014 4:17 PM Flag

    After reading the recent articles about how difficult and apparently expensive it is to transport and store ethane I would infer the Appalachian area in several years will become the low cost production area for plastics. Especially for overseas markets. The cost of the refrigerated shipping vessels has to be enormous.

  • Reply to

    A Real Market Shock Today.

    by intarzletrol Jul 16, 2014 3:18 PM
    intarzletrol intarzletrol Jul 16, 2014 3:26 PM Flag

    Dead Money? I wish all my stocks would kill me with the Dividend Intel pays.

  • intarzletrol by intarzletrol Jul 16, 2014 3:18 PM Flag

    For the Intel Shorts.

  • I personally think the Internet of Things is one of the next most fruitful areas for investment. Who is situated to make a bundle off of this. Intel. Revenues over a half billion and growing. I like this stock.

  • intarzletrol intarzletrol Jun 18, 2014 6:55 PM Flag

    McClendon bought $1.7 billion in property from East which is owned by Pegula and KKR. Pegula and KKR sold $4.7 billion in East property to Shell. I had heard after the sale to Shell they moved on to the Eagle Ford. I wonder how much more property Pegula and friends have up their sleeve.

  • This appears to be the financing vehicle of choice for MLP assets. Anyone see much risk with MWE raising new capital with a yield of 5.00% vs yields of 7.00 % for the KMP's of the world. Williams says they will be focusing on their dividend in their new venture. I bought most of my MWE when the yield was north of 8%. I know I have switched to buying KMP because of the yield issue.

  • More competition for MWE. New company touts their dividend potential. Looks like I sold my Williams a little early. Between KMP and this new company I do believe I will be owning more MLP's by year end.

  • intarzletrol intarzletrol Jun 13, 2014 9:51 AM Flag

    To my regret I passed on EQT's midstream venture. I might buy into this one.

  • intarzletrol intarzletrol Jun 11, 2014 10:00 AM Flag

    RBN Energy a month ago had a great series on the problems of shipping ethane. I have come to the conclusion building the ships will be as big an issue for transporting ethane as building the terminals.

  • Disclosed yesterday they signed 10 3rd party contracts and are lining up their ethane supply from various regions and operators.

  • Reply to

    RBN Part II on Ethane and NGL exports:

    by intarzletrol May 8, 2014 12:14 PM
    intarzletrol intarzletrol May 8, 2014 6:49 PM Flag

    I have seen reports on the potential for ethane from the Marcellus/Utica at 800k barrels by 2020. The lesson I am taking out of this is that all these deals are going to unfold on a piecemeal basis. Right now I want to see the Utica shakeout. It has been a big surprise that the northern part of the NGL is not panning out as expected. Last year the oil sector disappeared and now the LIquid acreage is shrinking. CHK says they are going to start to push their dry Utica. Do they have any choice? I have never seen a company be first on the ground and not able to secure the best acreage. In the meantime by blind luck they bought up all kinds of great Eagle Ford acreage.

  • This blog has continued their excellent series on ethane exports. Highlights: EPD's terminal and contracts with by shippers for new refrigerator ships. Antero 1st to sign up with Mariner East II. Ineos has upped their ship building contract with a Dutch company for six ships and has signed a contract with EPD. So they are eyeing not only Marcus Hook but the Gulf for ethane for the European markets.

    So it looks like things will get done but on a deal by deal basis. A little more reality to the markets.

  • Reply to

    RRC / EQT Deal

    by theyogue2 May 1, 2014 12:02 PM
    intarzletrol intarzletrol May 5, 2014 4:44 PM Flag

    I found it interesting that EQT picked up a nice block of Permian basin assets in this exchange. They appear to have their sights set on becoming a bigger and broader based oil and gas company. I purchased it a few years ago and wish I had bought more. Especially their mid stream company.

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