You can say what you want but the EPA has a history of holding findings and actions after elections. Destroying the ethanol market with credits needed thereby raising ethanol price and RIN credits causing excessive pricing for gasoline and refiners along with VOC credits. I think they do marvelous work in protecting the enviorment but a major focus is protecting this LEFT ;leaning administration that your ilk can love but poison for the mlp market and pricing of gasoline
What you have is Curious George followers who have a fraudulent film that shows drinking water being placed on fire run by HBO PBS channels.endlesslyt Take today's Yahoo lead article showing skull and crossbows and damming picture to incite and have the poor american fool who know nothing to form a bias against fracking It is a continuous lie by the left and the likes of the democrats ie NY and Cuomo. Just take a democratic partial state that wants to have a boost of their economy North Carolina advancing shale and fracking presently. A result as has just been published makes the left leaning EPA have second thoughts about extreme rules against the national lands use. It also gives localities second thoughts about blanket prohibition of fracking. Yes it is a political problem that effects mlp 's future in certain states
From what I have read it is that the well or wells that contaminate the ground water are not built correctly and the fault of drillers not the technology
I bought HCLP and sold the CC 70's then as it passed I resold the CC 75's 1/15 I expect when Dec 20 comes to make evaluation purely on a percentage when to take profit. I am trying to stay within 6 mlp's . They are way subject to swings for my likes.. I went back and exited SMLP today. I have followed a number of stocks where insiders sell and market hits them It takes a while for them to come back. By the way the new technology for fracking is using more sand in each new well by alot. HCLP is fine but I choose to buy more of ETE TRGP MWE at present time
Some favorite mlp's got hammered today on not great volume. Why the doubting cousins ask.? Pick any you want # 1. Oil is oversupplied in Gulf Region and price going down therefore energy oil stocks down therefore mlp stocks going down #2 Profit taking of those who have run up as dow has been down last 4 days # 3 -10 year treasury has gone from 2.48 % to 2.62% or so in just a few days causing interest sensitive stocks as mlp's to sell off. # Slowdown of UK China Japan Scotland vote oil still flowing from Iraq and Libya Pound Sterling lower,yen devalued all or part of above Or 6 weeks doldrums. Mmmmmmmm It is a stock market and mlp's are stocks
I have given my style of mlp investing on many occasions. After 17 years of investing I changed my entire focus in my self directed IRA account to CAGR and 2 cents or more quarterly distribution increase. You can say this is momentum playing . I say that those mlp's that are in the forefront of the revolution I named above are the ones I choose to own today . The numbers I said starts from Jan 2014 to Dec 2016. It is basically 1/3 TOTAL return each year compounded for 3 years. When I talked about OILT only Hach reacted. Look at price today (it is a split price) and way ahead of itself. When ETE said they would buy back 1 B of stock plus Susser ETP JV LNG buying RGP units etc etc it was not rocket science. When EQM gives guidance of 3 cents increase per quarter and dropdowns galore it is not rocket science. When TRGP and NGLS go to export and Badlands of ND and massive capex it is also not rocket science. MWE is on edge and will probably blossom end of next year. Hach has been on target all the years on price. I said don't marry some mlp's which you and many do because of % distribution. I say total return.. I also hold only 8 mlp's and they are in decreasing dollar value ETE OILT TRGP MMP EQM MWE HCLP SMLP . The last 2 I will be out in Dec. Beware this is only my focus. EMES SLCA and a host of smaller newer mlp's could be better and this is a self directed account. Money DO NOT POST . IV group is clueless except for Passand-Factoids-you and Arb. Mickey and a couple others are good but I have posted and mostly ignored. On this dissertation please DO NOT POst Marv
Five years from now is too much future for me. The great revolution that I have seen for the mlp group started to be recognized in approx 2009. If not for the meltdown in 2009 that overshadowed the natural course of events NG would have been more prevalent. However, the very low interest rates and planning took about 3 years,( the model was ETP) so 2013 it was in full bloom. Then NGLS LNG appeared in 2013. The export of NG LGLS Condensate in 2014. In my opinion the sweet spot or my era of opportunity for exceptional rewards is 2014 to 2016. Why, it is not for recognition but the potential realization by street and country of the revolution and low interest rates That makes bond and equity interest rates most attractive along with planning.My feeling and projection is with the right mix of mlp stocks you can see a double in these 3 years. Only the likes of AliBaba google apple Baidu priceline giliad regeneron etc in the market matches our mlp opportunity. So
Chrx I have not changed my focus on my magnificent 6. I added some Hclp and sold 75's 1/15 . I also just bought some Smlp. I am adding to the six only on retreats. This period of next 6 weeks always spooks me. The positive is the KMI rollup which appears to have helped hold MWE ETE EQM TRGP. MWE appears to be becoming a second EPD selling on prospects above immediate fundamentals
At a 2 cents a quarter increase in distribution last 4 quarters and last at 0.52 cents it is not to bad. Add 2 billion of dropdowns or 300-500M each year and 20% cagr with Mountaineer and loop to MWE it is a good second tier possibility. Marv
Those interested in update on MWE and Hopedale -sherwood complex as SMLP supplies NG and NGLS to go in service 3rd quarter 2014. slides on pg 12 I think is a good looksee
AR midstream is the IPO to be. It may be a buy when it comes out. Until then please watch alerianmlp.com holdings to follow when KMP and EPB are being sold. Since 8/29 when I started following it KMP10.77% to 10.72% EPB 2.82% to 2.81% They will sell and some of money will end up in MWE. We are talking alot of money moving around
I for one would not count on that happening. I would suggest you at least having a thought process that if it comes to past in next 5 years that you think of sending it to your grandchildren in form of UGMA and disperse it to other various parties. You /a spouse can send $26000 of MWE stock each year. They will not get stepped up basis. MWE and Targa family . Fortunately or unfortunately are the right size and command right assets for the likes of KMI ETE WMB. Just commenting on thought process.
Money ETP traded 1.8M so I am not looking at amlp when I say some fund started move of leaving KMP. What I think will happen is not only will there be movement in mlp group but I think there will be a overbought situation with mlp's especially smaller capatized mlp prices going past their intrinsic value.
Marklibera above makes an interesting comment as of today KMP 10+ EPB 2+ of AMLP fund still to be moved somewhere Over 1B dollars
More immediate question. Why is EMES and SLCA performing better that HCLP. CS gave it a 80 TP so I bought some HCLP and sold Jan 1/15 CC, I am a % person and figure 18% for 5 months was worth the trouble.