The issue remains is it an investment or JV or market opportunity. They own in part a large refinery in Gulf region and sell oil to this refinery. It could be an expansion at Brent prices or something else. These announcements are just that.
I am glad you also have focused on double digit increasing mlp's for your investing. For some unexplained reason almost every mlp ended up.today. Those that didn.t was very minor changes.Everything comes together these 2 weeks and I am trying to make out what ones will excell this year. I know 21 is too much to have but this golden time is now as there are a bunch of mlp's at 10-30% increasing rate.. Discounting MWE my favorites remain ETE TRGP OILT MMP SXL WGP until I hear otherwise. I just saw GEL presentation and they promise low double digit. Regards and thanks for your ongoing posts
hI again Arb has a better accounting knowledge than I. However I do know that brokerage houses must use FIFO or first in first out. I also know you can assign certain trades to certain stock . Meaning if you buy at a certain price and date and you sell you can assign the sale vs a certain date of purchase. My strong suggestion is that you call brokerage and find out how it is done. The brokerage sends you a compilation at end of year of STCG and LTCG and reports that and inerest even though you don't receive the interest ni a regular brokerage account. Also be careful of wash sales as the computers in brokerage account are set up to report them
Arb By the way I found a way into investors BD thanks. I had kmp 1/16's and sold this AM as soon as I saw 5% guidance once again. It will go to 90 when ETP goes to 60 and EPD goes to 72 At anyrate I mention no movement in mlp's due to distribution increase only to say those holding for a adrenaline injection at 4 day minus X div may not make it this quarter. I am somewhat surprised group following market up and downs. My strategy moved to CC once again(which has a way of increasing trades). The money to be made on MWE is in CC this year while it expands out. The game is to take a position and roll the option foward as it gets close to expiration and keep distribution with you. Keep up good work and I NEVER am uncomplimentary to charter members even though my words appear to be caustic.
Of the major mlp.s who have reported increases in distribution there has been almost no effect on price (.PAA EPD KMP NGLS TRGP ) appreciation .KMP which has a major change also has reacted only slightly positive. A penny and a 5% projection for next year doesn't thrill me. It appears any price appreciation is due to general stock market as of today.
addition. The brokerage will use FIFO unless you have seperate brokerage accounts. You can use same account but must tell brokerage to treat recent sells against recent purchases. My advice is seperate accounts or you must keep a running account and if STCG must assign recent sells to recent buys.
If you want to keep them seperate then have two different broker accounts. If you are using same address and same brokerage expect a combination although you will have different runs from same brokerage. i.e. you will be charged for company in terest in some mlp's and sent to IRS although in different accounts. If you are selling mlp's then you need seperate accounts in same brokerage to treat holdings as LTCG differently. To keep your accounting seperate have different accounts with one a middle name and other not..
I don't disagree with any of your points. Since most have already read my position on mlp investing I only add as wonderful as the prospects are for MWE the immediate term approx 1 year and at a penny a quarter compares itself to EPD in price appreciation. SO a price of 75 appears to be a realistic goal. If it overshoots then 80 for this year. I only put out the recent distribution reportings and hope that some look at reaction to those as setting up expectations
NGLS had a 2% increase. Their last guidance this year was 8-9%2014). . Last year MWE was in the 6% range for 2013. Next year you must hear a 10% increase guidance. From what I remember NGLS said first 1/2 half of year would not be as good as last 1/2 of year(2013). I again make the classic statement that at CC listen to guidance and expect and act accordingly I buy only when I get a 10% guidance increase plus i.e. TRGP I ex pect 1 penny increase and in Feb talk of 10% increase for mwe
I ask you to compare PAA NGLS 1 1/2 penny increase-GEL 1.25 Penny + EPD 1 penny increase-TRGP 3 3/4 penny increase So where should MWE be?
ARB When they do it I will sell out everything and go back to stock market. The basic problem with buying for yield is that you do not focus on TOTAL return. As far as MWE/ You would be better with your money buying Jan 16 calls of 50-55-60-65. Then when you have money and 4 days before x div call for stock. Everybody has a hero story of getting stock at a good price. However, I have been talking about ETE OILT TRGP these past few months. I expect from when I talked a 20 point move on each 1 one year plus distributions. EVERYBODY has a system-LIZA MARV HACH ARB I don't denegrate any, just happy those who contribute to this boarfd wisely make out OK As always Marv
This ends this discussion but please read ,.I was writing to Liza and you just did not read what I said. Give me a break and stop this waste of time. If you were never on Line board then it was my recollection of years gone bye and my error . The end////
Liza- I have been reading your posts for years and even had some delight in your ongoing game with norris and dreiser on LINE and even defended you.. I consider you a charter member and one who, as I ,have tried to educate the washless. I traditionallyy on MWE always lead with PAA as a wake up that the season is here. I peronally would love you to add to the MWE board as I usually go off on the clueless as you can see and your temperment would balance my NY take no prisoners focus Happy New Year
I had a problem signing up on investors board,probably because I am a dinosaur IT wise. 95% of my interest is on MWE board because it is the most professional of all the boards. My focus which I have stated is a percentage return each year because I enjoy the topic of mlp's. I have gone from 8 to 21 this year as most of mlp's are fully valued and I have found some more believe it or not from this board. I am the exact opposite of almost everybody here. Believe it or not I have a large self directed IRA which I did 850 trades last year. Also I only try and buy new mlp's that have a 10% or better CAGR anticipated this coming year. I truly hope my TP for some wakes up those who are not entire focused on MWE, which by far is my largest holding. I really am speaking to those who have a self directed IRA. At any rate if you just bought the DJ or S&P index you would be ahead last year in 25-30% range. I also think those who just buy for % of return mlp's are not really investors but bond holders who happen to be lucky when interest rates are 2-3%. My agenda is to have those here better informed and remove the Yutz's ( those who give the thumbs down fools) from this professional board Many posts about mlp's are just fill ins when nothing is happening with MWE. You as everybody is welcome to ignore anything I write. As always Marv
I have followed Liza and your posts these last years and know she has one of everything. I also know she contributes to all boards but to say or correct a simple statement is annul. I don't screen every mlp available and the message was just a wake up as I do each year. I don't take it personally but she hardly ever posts here and she has alot to say positive. I don;t need people nit picking when I post so much good material. I welcome a good discourse or argument anytime and usually don't go off unless something comes when I am in a positive state of mind. At any rate thanks for you 2 cents but I already have 21 mlp's. Marv
I usually give you a pass on everything you post on all boards BUT if all you have to contribute to this board is a minor correction to my yearly statement about PAA and the season then so be it/. I deal with majors which most people know and understand not an obscure mlp.
I went into investor village and found these Deutsche Bank BPL 80 EPD 74 ETE 94 EQM 62 MMP 76 ETP 66 KMP 82 TRGP 102 and SXL 81 RGP 30 Barclays CQP 34 CQH 22 Merril ETP 61 MWE 80 PAA 60 GLP 41 MMLP 49 TLLP 59 That is all I have Marv
The topic is analysts TP. I wish people don't start a boiler room scenerio. having their picks. Save it for tips of the week. PS I have more OILT and have been it longer Marv
The % growth of distributions reflects how mlp's are judged. and priced... E and P are judged by reserves and oil Brent WTI price,and % of gas or oil over last quarter found and cost each unit to produce. Of two AR is far superior.The 10 yr bill reflects the tapering of bond purchased by fed. Recent selloff was market reflecting a higher than 3% 10 year. Unemployment figures reflect growth of economy reflect how many bonds purchased reflect competetion with mlp's for yield. You cannot discount analysts. ETE split today put on focus group of CS today therefore up 3+ As always Marv