The MLP's own the pipes and the right of way but the contracts were with the bankrupt E&P companies..... that company is gone and we lose..... but the judge really wanted the new parties to negotiate a new deal.... the buyer of the assets can either A) negotiate a new contract B) build their own pipeline or C) either truck the product or use trains.... logically the exiting pipeline should be most cost efficient because its already there...just lower the rate some and structure the contract for some future volume or increases in the future if oil or nat gas go up....and move on.....idle pipes are not good..
buying back units or debt sounds nice but long term its not a good stragedy because the underlying business as is shrinking...... IBM is a good example..... buying back stock for 10 years and revenue sinking for years quarter after quarter..... stock price still sinking....
management to cut the distribution to $1.50 to $2.00 and announce a detailed plan to use the excess DCF to fund new projects to increase future DCF.... the market wants growth....just surviving is slow death.... they need to identify new projects and grow..
i owned this turd last year and it's my only holding from last year that has not posted its k-1's another example of total incompetence of these clowns.
its coming!!!! amazing how poorly this turd trades....... management not helping, in January they gave themselves more units and sold some right away...... Same old Sh-t with these guys, look at the insider transactions for january
ETE ETP SXL WPZ PAA PAGP KMI OKS OKE TRGP EEQ EPD MPLX MMP WNRL all up 30 to 40% from their 52 week lows..... only CEQP is barely above its 52 week low....... no one wants this turd...... I think the best thing is for First Reserve or some other PE to take this turd private at 10 or $12... FIRE ALL THE officers and directors with no bonuses...... and then run it like a regular business and take the earnings.....
Aubrey not perfect but its hard to overlook the fact that Obama's AG's have not indicted 1 banker/broker/dealer for the 2008 collapse but yet they go after the energy industry that has created jobs
frustrating we can't break out and up..... either close on the merger quick or cancel it...... until then we are stuck
I like most believe both ETE and WMB are better off separate....no merger but if WMB insists on a big break up fee then maybe ETE better off swallowing hard WMB and borrow the 6 billion as planned at 5.5% and then trying to sell off assets to pay down that debt significantly within that first year
yeah but you are overlooking asset sales of older tanners, JV's, and leasebacks.... that should more than cover the gap
WMB next move interesting..
thats the danger in a foreign country, especially a more socialist leaning gov
remarkable.... idiot management...... lower the distribution in half and use excess cash to fund growth.... the market wants growth not declining volumes...thats why share price keeps tanking....no one wants a company with dealing volumes and no growth plan
Iranians are suffering a terrible economy and its a religious war with the Saudis that the Saudis will lose...... all the Saudi money won't matter, Iranians can take the pain as they have for years to fight the evil Saudis controlled by America....bottomline Iranians can eat sand and survive but Saudis populous used to a life of luxury will not take kindly to a lower standard of living