My consern is that ETP streches its balance sheet too much by acquiring RGP.
ETP's debt ratios will rise significantly and too much debt is not the cup of tea for many investors. I believe the stock price could be hurt if ETP needs money in the near future.
P.S.:To diversify, I bought JP Energy Partners (JPEP) recently because JPEP has the lowest debt ratio (sub 2 times) in the midstream sector thanks to the IPO proceeds, and very high dividend.
You can go to Seeking Alpha website and find all the JPEP articles that confirm all of the above.
The risk with HERO remains very high and the investors must be very cautious, according to this excellent article from Seeking Alpha.
The company is heavily indebted now. The management takes too much risks, while the CEO is selling shares, not buying....
I could say also: "PUMPER. Report and ignore."
This is NOT an answer arbtrdr.
This company is heavily indebted now, while the sector suffers. The risk has been risen very much here.
It is apparent that a couple of posters here try to buy back the shares they sold. Therefore, they downplay the strength of the balance sheet that exceeded expectations and the fact that NSLP has the STRONGEST balance sheet among the peer group and deserves a premium.
Search for UNG in Seeking Alpha to find a good new analysis there about nat gas. The author is "Value Digger".
He summarizes all the recent news and update all the parameters...
Below is a PRO TOP IDEA article from Seeking Alpha explaining the LNG market in PNG and provided info about energy and energy services companies in the area:
XOM and OSI have invested approximately $20 B in the new LNG terminal in PNG. This terminal didn't get built to sit idle and will need constant feedstocks for the next 25 years that HWO will help producers drill with their specialized rigs and market experience in PNG.