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Energy Transfer Partners, L.P. Message Board

moneyonomics 8 posts  |  Last Activity: Dec 1, 2015 1:14 PM Member since: Jan 16, 2010
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  • moneyonomics moneyonomics Dec 1, 2015 1:14 PM Flag

    you obliviously do not know a lot about the mwe assets. as oil / ngl prices recover, which they are on a slow reversion to the mean as the driver variables improve, watch the cash flow curve of new combined entity

  • Reply to

    Deal

    by noteguy1 Dec 1, 2015 12:15 PM
    moneyonomics moneyonomics Dec 1, 2015 1:10 PM Flag

    do you have any passive losses to offset cash gain. look at moneyonomics posts on mlp iv board, even in 25% tax bracket npv of escalating distributions is worth more than mwe standalone npv

  • in mlp board Msg 58745 of 58758 at 12/1/2015 9:22:07 AM by

    crashcardigan


    Ladenberg Thalman covers MPLX
    initiates coverage on MPLX with a BUY and price target of $79.00.

  • Been some good posters here over the years

  • Reply to

    updated cash ???

    by mikr001 Nov 10, 2015 5:29 PM
    moneyonomics moneyonomics Nov 11, 2015 10:40 AM Flag

    just have to let vote fail naturally ie not be in any other merger agreement. if not the case why would MPC raise cash $400 mm
    "...The Merger Agreement provides that MWE is required to pay a termination fee to MPLX of $625 million:
    if (i) an alternative proposal was publicly proposed or publicly disclosed prior to, and not withdrawn at the time of, the date of the MWE special meeting called for the purpose of approving the Merger Agreement (or, if the MWE special meeting did not occur, prior to the date on which the Merger Agreement was terminated as a result of the failure to consummate the Merger prior to the Outside Date), (ii) the Merger Agreement is terminated by MWE or MPLX (A) as a result of the failure to consummate the Merger prior to the Outside Date or (B) because the Merger Agreement was not approved at the MWE special meeting called for such purpose and (iii) MWE enters into a definitive agreement with respect to, or consummates, any alternative proposal during the 12-month period following the date on which the Merger Agreement is terminated (whether or not such alternative
    - 20 -
    proposal is the same alternative proposal referred to in clause (i)); provided, that for purposes of the payment of the termination fee described above, the term “alternative proposal” has the meaning provided under “The Merger Agreement—MWE Unitholder Approval,” except that the references to “25%” will be deemed to be references to “50%”; ...if MWE terminates the Merger Agreement:
    because the Merger Agreement was not approved by MWE Common Unitholders at a special meeting of MWE unitholders called for such purpose in a case where an adverse recommendation change has occurred.

  • Reply to

    updated cash ???

    by mikr001 Nov 10, 2015 5:29 PM
    moneyonomics moneyonomics Nov 10, 2015 8:38 PM Flag

    why would mwe do that and pay penalty. all they had to do was let vote fail and they would walk away with no penalty. do not not think that is what happened. table was set by fox to say votes were not there, would be my speculation

  • Reply to

    updated cash ???

    by mikr001 Nov 10, 2015 5:29 PM
    moneyonomics moneyonomics Nov 10, 2015 6:49 PM Flag

    suggest extra $2.00 is some portion of NPV of idrs

  • Reply to

    MPLX is at $43.45, MWE is at 43.47 - something wrong?

    by an2gram Nov 10, 2015 11:53 AM
    moneyonomics moneyonomics Nov 10, 2015 2:32 PM Flag

    sure entices those not yet voting to vote yes on merger ie get 1.09 more units plus as of today $3.27 cash and maybe as low as around $3.20 cash at closing. see sardi view on MLP iv board

ETP
25.70-1.10(-4.10%)Feb 5 4:02 PMEST