capt - Actually they came in right on projections. DCF was up a bit. The dom and gloom stuff simply misses the mark. EPD only short because of ethane bypass and that will change in 2w016 with new industrial plants.
A really silly comment. Every buyout deal gets about 20 attorney groups snooping for a chance to make $$. Maybe 1% of these mean anything.
skinz - Keystone is already 2/3 built - both N&S ends. The north portion is FULL. Thus unless it is expanded it cannot bring more oil south. Also the big loser would be rail - if and when - the lines are actually completed and expanded. $10bbl via rail vs. $3 via pipe! EPD and ENB already have contracts.
Are you really serious or do you have mental issues? Retracting (ie. cancelling) a bid for 2000 shares requires a trader with $10K. When I accumulated AMPE I often placed and or cancelled my bid numerous times in order to get a few more pennies per share. Did I manipulate the market? If putting in a bid above the market is manipulation - then yes. LOL
BN leases the cars. Right now cannot haul all that shippers want to ship. Farmers begging for grain hauling. Also you can only ran so many trains. Most West USA tracks at capacity.
Mostr of KMIs business does not give a rats behind as to the price of oil. They transport more NG than opil. Oil production a small % of the business.
The only part of your logic that fails is the E&P guys will mostly be just fine. The USA has lots of areas where they can make $$ with $45 oil. At $45 Russia has a revolution and the economies of Venezuela, Nigeria, and most of the eastern oil producers fall apart (including saudi Arabia!) and then add Canada to that list as their cost to produce is higher than the and their oil taxes steeply progressive. At $60 their tax receipts on oil fall about 60% from those on $90 oil. The US has it easy.
Politics in finding fault with one political party or the other is what arbtrdr was talking about. Taking sides only serves to go nowhere here. Agree that oil export laws need to be changed, but it will make little difference is distillates are now being exported by the ship load. The future as it related to new laws will be interesting. Just be glad you are not in Russia where they are experiencing inflation approaching 2% a week! Currency going to heck and political unrest.
Hmmmmm. You are mostly correct. There is a slight effect of oil prices as some gas production is also oil related and there is a positive correlation between oil prices and NG processing margins (very slight). Disagree on consumption. The usage curve is really quite weatehr dependent and little else changes it in the short run. Is MEP good? ARBTRDR said it well.
Hmmmm. Guess you do not understand MWE increased its payout .10 in each of the last few years. A .01 increase in Q1 is a .01+.01 in Q2 and so on.
Guess you also do not understand that every couple million dollars paid out as a distribution puts off MWE obtaining investment grade which will ultimately save MWE tens of millions and also means tey need to issue more units. Yeah, they could stop growing and builiding so many projects and increase by say .03 every quarter for a while, but that too would slow after 3 or 4 years.
Energy is getting destroyed everywhere. Does it make sense that NG pruices are up and NG drillers are down about 25% in recent weeks? Fear is taking NGLS down and it is irrational fear.
Is everyone posting here not able to read? Do they understand the MHR has changed to a NG company? Do they not understand that it has a huge backlog of wells waiting to be connect in this quarter? Do they not get it that Hunter pipeline system is worth $3 a share? Exiting oil was done at a great time. The IPO of the pipeline into a MLP (or sale to ??) will give MHR lots of currency to put to use. Their sales will go up by about 75% in Q4 from shut in and new connects! Bakken wells are getting connected to OKS gathering system.
Really amazing how idiotic many posts are on this board.