Let.s use come common sense to this all. The mid stream players are not in major trouble but nevertheless their earnings are effected when drillers go to easy dry gas, The money to be made was agreements on the NGLs when seperated by mid stream co,s. They probably will survive at 40-50 oil but schemes and dreams of expansion are DOA. Not rocket science. This is MWE problem. With higher oil it always meant that higher ethane propane iso butane butane etc Everybody survives just barely on $3 NG and hedges for 2015 but the marginal players fall after hedges play out or interest fee destroy their co,s. This mlp group has to have 50+ to move some expansion plans foward.
Just heard former ambassador to SA today, He said 85% of SA output is oil related. He also said SA has 500B in cash and could last 3 years before they would be hurting. Another prince said it is an oversupply of oil today in world market waiting for global recovery and then price will change
Very happy to see what you bought. I have changed my focus on EPD and bought 2017 jan 30 leaps for 6.50. If you can't see EPD at least 45 by Jan 17 then I have wasted 20 plus years doing mlps. SXL will get a boost when SUN goes IPO with TX and HA buys. I still consider the ETE family of ETP RGP SUN SXL the best of the group. However KMI is a close second and both have ability to buy at fire sale prices pricing now. Nobody asked me but MMP is stellar and a 3rd or 4th pick. I am extremely cautious and remain 15% cash. My comments on MWE have not changed. Buy leaps and conserve money.
Trade war. Where have you been these last 50 years SA keep oil off the market and OPEC had controlled the price of oil for the last 50 years. A tariff would hurt who Venezuela,Russia, Equador, SA, all selling to US in varying amounts. Yes it would hurt Columbia.They could have sanctions but Venezuela would be a basket case and world problem
It would be nice to pin the blame on somebody else but it is purely a democratic party position to play to the enviromentalists. By the way Markey D and Melendez D senators asked to have i present export of oil not repealed. Anybody who makes their money from mlp's and votes democrat should be aware that they are hurting their economic pocket.
The way I look at it is the Keystone is just to replace the trains and make it somewhat cheaper to send Canadian oil to gulf refiners with heavier oil that refiners can use. The latest event is that Russia wants to bypass Ukraine for their NG to europe.. I see that as the major event if it happens for LNG export. They talk about 2017.. The future for NG is good. For oil is a ?
I watched ESPN last night and one of the speakers projected S,A from last July 1.2M to Jan 15 of 900,000 to end of 2105 800,000 oil exported to USA Also at end of 2015 increase YOY would be internally 300,000 plus for year instead of 1.3M Numbers are rough but less from S.A.(surprising for me) and not projected increase in USA. Basically not gloomy projection and perhaps reason for slight increase in WTI today
We are caught up with a major attack on energy- oil -NG-NGLs. When normalcy returns it will be very interesting to see the likes of HCLP EQM and those offering 3 and 5 cents a share distribution increase each quarter behaving.
Almost all drillers in marcellus are at their 52 week low. Gpor is under. When I looked at their hedges and % of oil and NG plus NGL it appeared to me that AR is all right as far as financial concerns due to hedging. It is at their offering IPO and NG is at $3+ When humanity returns to normal it should be OK
This time I agree with you. MMP went into 72's on a lot of volume. The volume tells the story today the mlps had to cover a 340 NYSE drop and WTI again lower. The best will recover the fastest be it in Feb this quarter or 1/2. Plus NG is over 3 and still the NG pipes were severely down. It doesn't make sense BUT there is a negative gloom over the entire sector. . If you buy buy the best and they will come back the fastest. This is a 2009 again This is a demand- supply-and traders short situation. When former changes latter changes. Mwe is the highest leveraged of the good midstreams. They could pull back capex and survive.
Sorry I left sports when NHL expanded from 6 teams-when Basketball went to 2 steps to basket--when Texas lost to OK about 20 years ago and when the Dodgers moved from Brooklyn and when Giants moved from 155th St-when Broadway Joe left pro's. When Eddy Arnold changed country music. If you know Bill Monroe and Lester and Earl you know I am a bonified dinosaur and certainly no Marv Albert
I said this before but don't you think that the 2 million barrels per day of OIL we import from the likes of SA Venezuela Russia Equador etc not Canada and Mexico could be barred or a tariff very high would help our local oil industry . But that would be too much common sense for guess who.
I have stated before that dollar cost averaging down was a good strategy. I also recommend when buying to set price limits that are about $3.00 lower than closing Also 12 to 2 are usually lows for the day. WMB is NG PAA oil storage and only Hach and Money likes DPM I think that MMP and EQM are the most solid. Little know is that a fair percentage of their pricing is FERC regulated. Please also look at EPD 1/16 leaps My 2 cents for those awake Marv
Arb Definition of insanity Trying to get a democrat to admit the president is a liar and he changed the ACA law to his own liking to save face and the legislation. This is why the country is divided they have no moral compass. I end my dissertation with this fool and back to mlp's
Everybody once again you can't fix stupid They ignore when curious george lies. Moron the law said only states who have exchanges can give subsidies. Moron he formulated ACA as he saw fit.