Thanks for accolade. I wish that the stock price of MWE was that easy a call. This is second year that MWE has rained on my parade and has made a mediocre year out of an outstanding year. I am off to LA till end of year.Since I have had to adjust my portfolio going foward -I lead with MMP TRGP OILT NGLS EPD and small amounts of WES ACMP ARP My favorites for next year are TRGP OILT MMP. Wishing all charter members a happy holiday season As always Marv
I suggest you limit your discourse on this subject. i.e. gift limit is $14000 in 2014 and there are lifetime limits in 5 million dollars -check exact amounts before your references of 55% fed kicks in. I applaud your bringing up subject but not your specifics
Look I am not in the business of giving financial advice BUT come on. Sell 50 shares each year for 4 years of EPD and put money into TRGP MMP SXL MWE and you should be clear of the so called devil IRS as the child would be at $3000 or so ordinary income or such.. I have 4 custodial accounts and other beneficiary systems in place with a revocable trust. I truly hope this discussion wakes up a few clueless people to financial planning.
Please read between the lines. If you gift to a minor and you are the custodian then you buy and sell . If you do that then you have LTCG and taxed at the minors income which has a treshold of about I think $7000 or $8000 per year before file taxes ( has to be checked). PS there are rules about parents income that come into play therefore a accountant is best answering it. Lasser or any other book easily explains it. That is why I talk about making the year 20 the year of cost basis. If you give to adult then they end up with LTCG at their income that year when they sell/ The stepup is only for deceased day or 6 mos thereafter ,so name as beneficiary in regular brokerage account or seperated beneficiary in a IRA ( not spouse)and then become Inherited IRA of XYZ and has special rules of 5 years or age etc. Without making this too confusing a minor needs executive and for all those who have gone this far reading. GET a revocable trust for everything especially if a minor is involved as beneficiary
Last word on this Make them beneficiary of brokerage account-the price after is present day or 6 months foward. Put them as beneficiary of IRA it then becomes Inherited IRA account -therefore rules of inherited IRA-Custodial account selling it before it becomes a tax issue per year and at 20 have a new cost basis. A lawyer has no clue of this, a accountant may MARV
You have to set up a custodial account for a child under 21. They will then own the money or stock at 21.( check state rules for Uniform gift to minors act in your state) BUT you should sell stock when they are 1 year from gaining control of it. It can be used for medical or college or such. BEWARE if you do not set up custodial account and give it to someone over 21 they have your cost basis and no advantage.
My last on this. How does 4 or 5 analysts get it so wrong for DCF 2014. I mean by 200-300 million DCF. How does a conservative CS analyst put it one his focus #1 list and get it wrong by a good 3-4M. My answer is the company did it not blaming the Basavova
I still think something doesn't make sense. They will have completed 8 projects by mid year 2014 . So you both are saying their model when they build is they will come is foolish. KMP doesn't build unless fully commited. I think that Mr Semple was stung by someone leading analysts with a large growth DCF for 2014 He deceided to bite the bullet for 7 months and just execute conservatively.
money that was my comment. I can't believe that it is someone guessing. It really was the problem of their Nov CC and I feel responsible for price hit and 3 month doldrums to follow
Slides available I don't see any changes including DCF range for 2014
Another convoluted post by you. FOR MLPS price reflects increase in distribution or % distribution or CAGR. The present problem with MWE price is low present CAGR-mediocre % distribution-not to spectacular distribution increase-year end selliong by funds-10 year treasury interest % increasing. Please return to 3 rd ring Jupiter As always Marv
The 2+ million shares that pushed MWE up in price a few months back appears to have left. Entire mlp group under pressure as 10 year treasury moves towards 2.84% today. Taper and interest rate increase is not a friend of group
I am naming you POET LAUREATE for MWE. I owe all an explanation for the questioin. MWE has given guidance as far as DCF funds and range for 2014. I am already hedged for price going into 1/16 ,meaning I can convert a good amount of MWE at 71 and 75 I also have calls expiring 2/14 at 75. Tthis because I expect a flat price increase for 2014. Options can be rolled foward so nobody is trapped if price rises. I just am looking for other input as I follow MWE as much as anyone else
I am not that great at numbers therefore Arb-I am not the great at MWE footprint therefore money and you. Timing and market is my forte So picking your brain and experiemce at what price do you see MWE at Feb July Nov 2014.being. Question open to only those with 10 yrs of mlp investing.
I am sorry it is a 60 jan 2016. The other is a 50jam2016 EPD call at 12
As far as MWE I look at 100 shares costing approx $6850. At this present time I would rather buy 6 contracts call 50 in January 2016 for $11.10. That is how I see MWE today. If you want wait then Crosstex XTXI The Devon combo and Geosouthern buy will give it drop downs for years to come. OILT another wait and presently 7 points down because of SO. TRGP another short and long term wait. CMLP when they become 1 co another great wait. Gel appears to come together after a 2 year wait. You know my sentiments about ETP which because of NG price increasing and buying out SXL is only now worth the wait. If you want a dog turnaround I suggest CLMT. How you come to love BWP is beyond me. Nobody asked me but that is how I look at waiting
Arb. I must add as 10 yr treasuries reach 2.80% with the talk from Feds minutesof tapering within next 5 meetings there was another strong reason for early in cycle selloff. I want to prepare all for a rocky quarter pricewise negating 10 months of work for some The talk is by next year 3.50 % or better 10 yr treasuries. Whenever fed tightens the market wakes up. Better pick the best of the flock mlp's for next year. Marv
Read news for EPD today adding another fractionator 75% EPD 25% WES. It appears that Mt Belvieu is on everyone's radar and it is because of export facilities . Oilt SO today covers their expansion in the same area. They have a working relationship with EPD and expect OIL and NGLS to come to that area in 2014-2016