The reality is no one has been more wrong than Ron^3. But being Progressive it is never man enough to admit a mistake. Just spends all its time pretending it knows what it is typing about. Real waste of a life.
EPD was paid to pickup propane by train car for export.
Yet corrupt and inept hillary will impose more crony capitalism for wildly expensive solar panels.
If we had normal capital investment, all this propane would be processed into solids for export.
But the cost and irrational mind set of imposing solar creates uncertainty resulting in now investment.
Two reason. There was a promise to pay through the rest of this year. Also that it is not a panic move.
I missed a good portion of it due to the EPD call. Will listen when it comes up.
The good news is the remarkable cost reduction in operations and maintenance capital. The $500mm is likely more than enough to maintain production.
Zeroing out the distribution is not a happy thing. But using this equity to buyin debt at a 35% discount is the right thing to do.
It is a shame that with the over leverage balance sheet they can not buy in equity. But this is not a real option at this time.
So all things considered, this was a big positive surprise quarter on operation efficiency. With more yet to be captured.
LINE is highly speculative. Beyond all reason, corrupt and inept Hillary could get elected with her insane billions for solar panels.
But the risk return is now very favorable. An unwanted busted income investment is an orphan.
Most of this leg down is directly related to the Obama/Kerry inane deal with the Supreme Aryan Mullah.
Low oil prices will curtail associated natural gas production. Export to Mexico and via ship will be completing next year.
Assuming LINE can survive Obama, the recovery potential is huge.
The study by the Crime Prevention Research Center found that 11.1 million Americans now have permits to carry concealed weapons, up from 4.5 million in 2007. The 146 percent increase has come even as both murder and violent crime rates have dropped by 22 percent.
Now Prancing Progressive Bear. This is simply the observed result.
So how could your nonsense study come up with an 8% increase? Well it is simply Progressive grant money for making up myths the collective wishes to hear.
There is another troubling craze. The knockout game has turned into mob beatings from time to time. Sadly the only deterrent is the uncertainty of the would be victim being armed.
The mature policy adjustments are school choice and creating conditions which are conducive to community economic opportunity. Which will require establishing good working relationships with police unions. Also establishing control of our border.
These comm unties do not need the drugs. They do not need the worlds poor competing for scarce jobs.
They certainly do not need Progressive blaming their policy failures on white people carrying guns.
There are hard pressed Americans. We can help all who seeks to help themselves.
They are not terrorists. Obama and the progressive claim they can tame with tax payer handout.
That is the way of the Progressive. When confronted with result contrary to dogmatic beliefs, make up a study.
Corn ethanol has Iowa profs who destroyed their credibility with clearly bogus 'research'.
Carry laws pass where the ordinary voters demand it. If there was such a horrible outcome, voters would rescind it. But we both know this is not the case.
NO difference with the nonsense you just posted. Notice no clear simple data like the research I posted.
The big issue is all crime rates are falling with an aging population and tough mandatory sentencing.
So there is no way gun crime increased. Simply no way.
BUt, being a shameless Progressive you are not about honest solutions. But pushing dogma.
Like the Climate Change insanity.
There is no way to address problems if Progressive refuse to be honest and objective. As you do not believe in personal honesty and virtue, you simply can not be a productive contributor.
Prancing Progressive bear not every one. Just law abiding citizens. The result is clear. Crime and especially violent crime goes down.
This is not the Wild West and a bunch of 20 year old cowboys getting blind drunk.
The real gun violence problem is in our inner. The issue is not gun control but the massive profits from hard drugs.
The human slaving drug lords of Mexico will insure our youth in the inner city is armed. No gun control law will contain slavers who are responsible for the slaughter of 100,000 mostly innocent Mexicans.
Accepting your inane premise is not on topic. Chicago proves your prattle inane.
The assumption here is no recovery of American natural gas to at least the marginal cost of production.
It is true that our economy can not grow normally until Obama most thankfully retires. But at some point in the not distant future, American natural gas will sell for at least the marginal cost of production.
When the pivot comes, the futures market will reflect it in an instant.
The same goes for ngls.
As long as debt can be bought in at a steep discount, I would expect no distribution. But this will change with the futures market.
Nope. Company did the right thing.
The ability to retire $770m debt at face is no small achievement.
As were the operating results which were far above guidance.
It is looking like in a worst case scenario of a prolonged Obama commodity depression, that LINE could service the debt load.
The big challenge is 18 months more of Obama.
On a positive note there is a good chunk of ethane processing capacity coming on line with in the year. Also export trains opening up.
In an Obama free economy, lower oil prices have always added to consumer incomes and therefore demand. Which turned into economic growth.
The futures will react faster than the spot to a change to rational mature Presidency.
Progressive Prancing Bear you just do not think for yourself.
As noted, these mass murdering collectivists select targets which they believe are helpless and defenseless.
Court houses and football arenas have armed protection. Making the comparison to movie theaters silly and irrational.
The idea that every movie theater could afford scanner and off duty police officers is unthinking. Imposing such costs ensures the industry becomes an oligopoly. Consumer pay the price of fat noncompetitive profits.
Something along the lines of Air Marshals is not such a bad idea. But doing so only directs the Progressive madmen toward other defenseless targets. Like schools.
The deterrence is not average Americans fighting back. Although the statistics show they do so very effectively.
Fact: Deaths and injuries from mass public shootings fall dramatically after right-to-carry concealed handgun laws are enacted. Between 1977 and 1995, 8 the average death rate from mass shootings plummeted by up to 91% after such laws went into effect, and injuries dropped by over 80%.
The data is in. Allowing average law abiding Americans to carry weapons dramatically lowers crime including murders.
American has a real cultural problem in that public education no longer inculcates logic and social virtue. Just material nihilistic selfishness which is atoned for by 'giving back' to a political power elite. The state or rather the power elite take a position of god.
But most Americans who receive a carry permit are traditionalists. With a belief in personal virtue as a social duty. So not surprisingly they do bravely act to save and protect fellow Americans.
NOthing is perfect in this world. But the science is by observed results.
So you should keep your flat earth assumptions to and for yourself. But that is not the sad nature and condition of the Progressive.
Excellent progress on cost management. Buy in of debt at 35% of face.
The early trading maybe 'correct'. But it is pretty silly to claim the market had not already priced in a distribution elimination. Also, off hours trading is not all that efficient.
What maybe of interest is possible asset sales of 'good news' Louisiana field to pay down debt. At a very deep discount.
Perfect storm. Obama's insane fantasy deal with the Supreme Aryan Mullah being the trip line on oil prices. Putting American energy self sufficiency in retreat at a time of Obama destabilize world.
It is logical not to extend the hedges at these Obama prices. Reflecting far below American potential economic growth and therefore demand.
Low oil oil prices will eventually curtail the associated natural gas supply. Export will begin later this year. Additional ngl trains will come on line as well.
Major oil producers will become destabilized at these prices. Iran will used their Obama money for additional destabilization programs and paying internal support.
Of course the corrupt and inept Hillary responds to all this by further destabilizing the electrical grid with more solar power. Increasing electricity costs, increasing uncertainty which depress capital investment.
The reality of cleaner American produced natural gas selling for under $3 mcf simply ignored. In favor of the Progressive Jon Stewart religion of the mean spirited irrational religion.
Pecksniffian fashion Progressive Prancing Bear.
Let us all know when you finally get one investment concept correct. Which by random odds you should have bumbled into by now.
The OLB really is remarkable for it really seems to know nothing. BUt Progressives are the modern know nothing party.
Now now poor Oliveoilbur.
All of Europe is in cultural and economic collapse. Progressive based material nihilism is insufficient to sustain a person let alone a nation.
I do feel for the British PM who did boldly and correctly pointed out British culture traditionally rest on the foundation of intelligent piety Christianity. But it is most likely all of Europe has gone so far down into pointless 'freedom' that it will be impossible to recover.
The question is not one of judging but rational judgement. You should attempt it once. ;)
Yes Progressive Prancing Bear,
OLB Progressive's have opinions not backed up by facts. But hey in the Jon Stewart aeon of the irrational. opinions become facts.
The troop is amusing spectral. .
Management has done very well with cost management in the last fell quarters.
Hopefully Congress will man up and kill Obama/Kerry insanity with Aryan oil exports.
The defective corn ethanol has 40% less energy per gallon to our export gasoline product. Also our best car engines waste 30% of the potential energy due to incompatible detonation physics.
So while defective and therefore illegal corn ethanol is 10% of the volume, it is only about 4% of the energy.
Still cheaper for consumers and much better for the environment to simply use our clean light American oil to produced our own gasoline.
I will never understand how Progressives seemed to get many American to accept bald faced lying as a matter of opinion. Progressive are primitive heathens. They are poorly educated due to their wanton ignorance. As a condtion of their Jon Stewart religion.
Stag the human soaked corn monster is such a teratoid liar.
Defective corn ethanol gasoline is not available except as a specialty product. Plus to do so the refiner is forced to buy a corruption RIN credit. So gasoline which is 40% more valuable per gallon to cost more per gge. Just more deception and political corruption.
Stag the teratiod of the corn will cause hunger and hum strife for it's political corruption blood money.
Corn ethanol mandate is illegal by the RFS law itself. To qualify it has to prove it reduces co2 at least 20%. In fact, all the cogent science proves it creates more co2. Also wastes huge amounts of fresh water. Increases very dangerous emission which can not be addressed by the auto converter.
Illegal and defective. The MANDATE must end by the law.