No,just yahoo screwup.Mr.Phillips is going to grow this company,seems like Crestwood took over Inergy more than just a merger.Should be better company going forward.
Agree, Good MLP,but what happened yesterday?,down to $45.then recovered.
Frustrating,but going to be a good one for years to come.They are going to drop some big things into this.First I think they drop that pipe under the Houston ship channel after they start it back up.
Exxon bought XTO,XTO bought T.W, Phillips exploration.Shell bought East resources,all on shore U.S. shale.
They say next week is usually a good time to buy MLP's,also around Christmas things get slow. If PSXP doesnt have any news,might go back to $29. They still have ipo money,so someday should be news.Also when the have good news ,it should go up fast due to only 17 mil. units in float.
Probably if EROC would have stayed 100% midstream,unit price would be close to $20. Look how XTEX recovered from 2009 to present.
I like them,I think they are flying under the radar. They probably had a lot of merger expenses this past quarter. They got some good wet Marcellus assests, also buying Arrow midstream in the Bakken,going to process 18% of all Bakken oil. And headed by former EPD CEO. No worries here.
DCP MIDSTREAM PARTNERS REPORTS STRONG THIRD QUARTER 2013 RESULTS
•Third quarter 2013 Distributable Cash Flow doubled from the third quarter 2012
•Declared twelfth consecutive quarterly distribution increase now at $2.88 per unit annually
•Closed on dropdowns of O`Connor Plant (formerly, known as LaSalle) and one-third interest in Front Range Pipeline
•New O`Connor Plant in service with volumes ramping up and expansion underway
There is a partnership conference call transcipt on Seeking Alpha.Doesn't sound like any big drop downs soon. Right now, the size of the MLP really does dictate what we are looking at. So PSX, the parent, has the opportunity now for larger projects. And for right now, PSXP would be looking more at smaller organic growth projects.
n Midstream, we intend to use our MLP to grow and create value. Until our MLP is large enough to fund projects of the scale and scope we envision, we expect that first we’ll incubate the project at Phillips 66 and eventually drop them in to Phillips 66 Partners. Potential candidates for this approach would include the 100,000 barrel-per-day NGL fractionator at our Sweeny complex along with the associated infrastructure.
In addition, we are developing an LPG export terminal project at Freeport, Texas. The LPG export facility is expected to enable us to take advantage of the Company's existing midstream transportation and towards infrastructure. Combining these two projects represented two discrete $1 billion investment over the next 2 to 3 years. Ultimately once we're up and running at full capacity we expect these projects to generate on the order of $400 million to $500 million of EBITDA annually.
Startup of the frac is expected in 2015 with the export facility following closely to 2016. How long are they going to incubate?