Hach I follow the volume. Somebody took a large position in NGLS TRGP ETP yesterday Is it the distribution being safe OR CS and another analyst giving potential take out candidates for Targa. Being an old stock market person. The books for last quarter are known by insiders yesterday
Cramer no longer has the power he once had. Early morning volume on the 3 was very mild. At any rate the WTI is looking better going into last 2 weeks of distribution announcements. Mwe doing well as is the group. I probably will forego sell in May and go away but for the fact I feel better these times with healthy cash position
I look at this from a macro view. KMI as big as they are, is light on 2 major sub sections of oil and gas transmission- gasoline and refined products, and export facilities of a major scale.in Gulf of Mexico. They and I mean the big 3 KMI EPD ETE and to a lesser degree. WMB must grow to continue to create mlp or c corp conglomerates. of size. Therefore to be off the subject MMP Targa MWE have to be bought one day.. While interest rates are low for forseeable future it is always on my mind.
Money thanks. My major concern was they both were coming on line this quarter. Smlp was raising dist by 2 cents per quarter. A better deal than 1 cent MWE and at 1/2 the price.I am in at $33.30 but am extremely cautious as NG is 2.49. I want to also say I appreciate all your work both here and IV. We are not out of mlp woods but appears better than 1 month ago. It is all about CC MWE MMP ETP NGLS to see the midstream damage .
I am not in the market letter business. I also had this is the mid 40's. However, they are feeding into Sherwood-Cadiz-Seneca. and I can't wait the 3 weeks to hear from Semple. My question remains. PS they have been up 2 cents distribution last year Their capex in Utica going foward of 2 1/2 X Utica over Williston They also are focusing in Utica in 2015-2017 and up $2 in last 2 days. Possible dropdowns of 200M -300m next 3 years IMO
Is there any holdup in Seneca 4 or Cadiz 3 that were supposed to come on line in Utica second 1/2 2015 for MWE is more to the point
I am looking for other mlp's and have come across SMLP who has 40% of a MWE system. Can any body tell me if their section is the one that MWE has held up on expansion or is part of retrenchment. Some analyst has given it a better than average rating and price is very favorable in my world . Thanks in advance Marv
I reported a quirk in GEL a drop of 6% when it was diluted 4%. If you went into pre market it could have been bought for 44 even. It went to 45 today. Some analyst gave it a 51 TP today You have to know your company and not blindly buy. Most secondaries work out but Petrobas put one out at 19 and it was 6 yesterday after 3 years.. I think a better strategy is when there is a filling of a secondary you sell stock and buy back at pre market price. Buy of course if you have to be watching CNBC at 9 am each day. I would stay away unless I am familiar with stock read chart and understand oil at 50 and NG at 2.60 is what is going on this week. Secondaries are for those who like stock and have 2 year timeframe in mlp group. My strategy is buy secondary . After it goes up 1 or 2 points sell 3 to 6 month covered call of next 5 or zero price and you must envision a 13% profit with CC premium -price appreciation and 1 or 2 distributions. You either do this part time full time or no time.
As far as EPD they can save as much cash as they want on the books. However, a half penny up each quarter is no great shakes when everybody is at 1 1/2 to 3 cents. Unfortuneately I have a very large position in both IRA and brokerage of EPD. I can;t get rid of my OILT -epd shares at a breakeven price yet. TP's are at 40 which is a years work. I did not get a RMD of 55% of my total yearly income by living off 5% distributions. As far as MWE they promised to be great and it will pay off some day I hope but I switched my emphasis to ETE which I has a plan. The c corps appear to work better on total return.
Arb you know me well enough to see me give the group a little wake up jab. Your option focus is great. I choose to buy leaps and conserve cash while I wait. On the other end I still hate EPD and think they are worse behaving than MWE.with such great projects and NOT stock holder friendly. I totally agree with your appraisal of MWE and contrary to my posts have a very large position of MWE in brokerage account and am in the B & W camp.PS I was blown out of water with passive income negatives for KMP since 2008. I wish I had accounting background and am not any longer afraid of MWE being a KMP sale
Thanks again as I always value your input. CAGR in these times are obscured by oil commodity pricing. I have to go with a future for mlp's . Most important is that I have to give my money the best shot with the best companies and I take present price vs future. I therefore, today, sold my WMB and CLMT and bought SXL at 40 and EQM at 75. I also bought 2 leaps of ETP at 42,50 Jan 2017 for 13 or 55.55 Sorry for this market letter approach but my view is the more info you have the better shot you have in % total return the better. The leaps are just my way of not putting $11,000 into ETP at this time but $2,600 for a call on it at $55,55 until Jan 2017
Thanks. Sorry to say Chrx and I am keeping this MWE board active. I spend a fair amount of time doing this for a Self directed IRA/and smaller brokerage account. I have a certain streak in me to give some education to the throng. It mostly bothers me that the vast majority of folks are buying mlp's for percentage distribution and not total return each year. Even those fairly educated in mlp's marry them. I am glad to see you have my favorites ETE TRGP and stuck like me in HCLP EMES EPD . As I said before MWE leaps Jan 2017 are the only part that makes sense. You should partake in MMP when it goes below 78
Happy for your commentary. I have a little CLMT in brokerage account for distributions. They are really in refineries and refined products with great dreams of going international. A roll up of small brands. ETE and 2B buy back is the kicker and the family ETP RGP SUN SXL will spin off profits foward. I am nibbling on ETP WES WMB and dollar cost averaging down Very negative with next 6 weeks till next distribution round
After reading ,listening to the gyrations of last 4 months of conjecture those who follow the mlp market should have made some interesting individual assumptions. I for one now say #1 storage of excess oil in Cushing and Gulf region will approximate 90-100% in next 3-4 weeks not reached in almost last 10 years #2 NG will after a massive cold winter have in storage more than in last 10 years. The refiners strike has hit west coast mostly and maintenance schedules for winter have caused an additional buildup of oil. The change into summer blends of gasoline is 4-6 weeks away. Most important to me is we have 6-7 weeks before 2nd quarter distribution announcements/ I have dipped my foot into WES WMB and saw EPD PAA ETP sands continue the falling knife syndrome. Only ETE MWE is showing relative strength. I wish I could forecast bottom prices this cycle for TEP WES WMB but NG will flounder under $3 for foreseeable future. I see no advantage to buying now with just under 20% cash. The traders are in charge of oil futures now for next 4 weeks. Those expecting export of oil to go positive soon with this administration needs to go to a shrink ASAP.
Ordinarily i don't comment on this board about politics but when fools make statements I have to respond. When did Israel get the US into Iraq war. My history was Bush one after Kuwait went ablaze went to war and Bush 2 said weapons of mass destruction gave us Iraq #2. Morons like you who want to rewrite history ala POS in WH are suspect always/