Good luck.... I held CEQP from 10 to 3.10 and I called investor relations many times, they repeat the same lines.... and I begged them to show some confidence in CEQP by buying some units, but no management kept selling their units grants..
competition is very tough with McD BK, and all the other breakfast offers.... DNKN doing Ok, coffee is good and cheaper than SBUX which is not the competition....
you are correct, those are the numbers. But its very important to understand the structure of the GP and the LP, SEP is covering at 1.77 DCF so the SEP distribution is very safe and funding growth which eventually SE will reap most of the the benefit those the GP interest and the IDR's
the entire MLP sector is crashing. I bailed out at 28, having bought at 30...... I'll get back in to a faster growing GP MLP soon..... just could not sit hold ...yeah HEP is solid but still its an MLP and getting liquidated
any idea when interest rates may rise significantly..... it might be years...maybe 1/4 point by spring..... thats it...no inflation, no fast growing economies anywhere in the world
the problem is the GP WMB and now ETE can drop down whatever assets or not, issue more unit or borrow more money and its generally more beneficial for the GP not the LP, lots of promise from WMB but they did not deliver...you wanna believe them now ?
Yep that why they are called Limited Partnerships, your rights are limited..... also note most GP/LP's, the insiders almost always buy unit in the GP and not the LP
look at the deals in the last year, Markwest/MPLX CEQP/CMLP KMI/KMP all the companies sold off as shorts attack and the equities drop and since these are equity deals with little or no cash one equity dropping causes thitherto sell off as arbiters get involved, I do think longer term WMB will be OK but in the short term we could see low 30's, anything is possible, and low commodity prices is also adding to the selling pressure
thats why WMB is going down, no upfront premium, WMB will down as those seeking quick merger premium will dump WMB
2 weeks ago I bought WMB at 45 and sold January 55 calls at 2.25. now WMB AT 46 and the calls are down to 1.25 that tells me the deal will be under 55.......why else would calls go down while stock is up a dollar....I also wrote the January 36 puts at 2.30 and they are down too as the market senses a deal.....
YEP. always buy the GP, look at a 10 year chart of ETE and ETP.... also look at the MWE MPLX merger led by the GP MPC, MpLX getting screwed and got crushed