PMC Commercial Trust Message Board

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maybe

yes

Yawn . . . . . CS raised their target price to a few pennies UNDER where BWP is trading today. Bluegrass project is exciting but a couple years out. BWP s moving slowly in the correct direction with good decisions.

This guy must be fairly far down the food chain since he is "announcing" an investigation.

The truly sad part is that MHR is guilty of stupidity in not hiring in its accounting department on a timely basis. If the lawsuits go forward then all of the common share holders will end up with 10 cents in a settlement and worthless common stock. The attorneys will be the only winners.

Need to get a clue about MLPs. Since they pay out all their cash flow as distributions and pay no taxes they are very different. Got to the National association of Publicly traded Partnerships and read their MLP 101 primer. Start at the beginning.

GIT - suggest you take a look at the pay that Kelcey takes - "Pay Exercised
Mr. Kelcy L. Warren , 57
Chairman of Directors of Energy Transfer Partners LLC - Gen. Partner and Chief Exec. Officer of Energy Transfer Partners LLC - Gen. Partner 3.00K 0.00"

In case that is not clear he took $3000 and received no options. To bad frustrated investors always tell lies.

Probably you sold out yesterday and are now kicking yourself that ETP is up over $1 today.

Actually almost every MLP was down strongly today. Nothing specific to ETP. Last, you have not dealt with your last K-1 (hope you understand you do not fill them out - the MLP does) as you will get one for the time you owned your ETP in 2013.

boz - Did you not read arbtrdr's post below? We are not tax scoffaws! ETP reported negative state income in every state on my K-1. Are you suggesting one needs to file a return even though they have no taxable income? Seriously!

No lecture, OK. IF you had a taxable income that was zero or negative would you file a return to the state where you live except to get a credit of some sort? I hope not. Thus why would you file in the 38 states where EPD does business with no income to report?

The IRS code clearly states that recapture of depreciation INSIDE an IRA is UBTI. The IRS has never tried to collect this from individuals - they do collect from large non-profits - but they now have the data being sent to them from the K-1s to target individuals. Mr. Phil has some interesting ideas. Many with no basis in fact.

Nothing as the short interest would be reduced proportionately too. good try.

Have you looked at almost every other midstream MLP? The Alerian hit new all time highs both yesterday and today. Up some 4% in two days. most midstream MLPs up $2 or more since Monday at market opening. APL just finally joined the group. Many MLPs hit all time highs as well.

Do you ever provide a reason for your thoughts? You have posted similar doom and gloom with 20% decline predictions on many Yahoo boards, but I could never find a reason. I hope the quality of your posts is similar to your use of English. Both very poor.

Same issue with PAA, EEP and KMP. Any MLP with significant Canadian assets has income and taxes paid in Canada on behalf of the partnership. The simple answer is you do not need to report anything on Line 16. The difficulty is in getting credit for the foreign (Canada) taxes paid. You do need the line 16 entry to get that credit. If you are using TTax use forms to enter all the numbers. As to TaxAct i have no idea. Until 2 years ago they simply said their program would not handle a K-1. Guess not much has changed if the "CPA from TaxAct" could not instruct you on how to enter the numbers.

As to selling now to avoid the problem in the future - You will have the same issue next year plus a sale to report.

If there was either pipeline capacity or availability then why would so many companies be arranging for rail transport? The Philadelphia refinery now uses rail exclusively for oil from the Bakken. BTE is using oil from Alberta as no pipes connect. Lots of others with pipeline issues. If there was enough takeaway from Canada and the Bakken then why would ENB still be trying to build the Keystone?

All the pipes you mention are great, but how do you get all that oil to the refineries? Aren't about 75% of those in Texas/Louisiana etc?

Stupid is the only word that comes to mind about your post. You cannot short a stock in the after hours as there is no liquidity in the market. Also remember that on this secondary the price NEVER traded below the offering price and this afternoon was almost back to the pre secondary price.

You are a stupid rude imbecile. You seemed to be happy that they were buying the rest of Holdco. How did you think they were going to pay for it? You obviously have no idea how a MLP operates. They got top dollar for their new issue and the units are selling for more than the offering price! The Holdco buy was noted as being accretive in the press release and thus the issuance of the units is not dilutive as the 50/50 ratio of debt and equity was already baked in. They were going to need one big secondary this year and what a great time to do it with 3 new funds looking to buy units.

Do you want to own all the holdco assets or not? I do. I also want the approximately $2.5B in holdco assets where there is a sale already in progress. Did you forget a MLP pays out its distributable cash to unitholders. Guess so.

How in the heck to you expect them to pay for the interest in "holdco"? It has nothing to do with executive pay. The interest in "holdco" is accretive to ETP for both the existing and the 12M new units. We seem to be back to people spouting stupid things again.