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This is my generic statement to the mlp group So far there have been 3 rd quarter resul;ts from MMLP GEL EPD MMP Two are not great and two are good . Not all mlp's are the same . It is NOW the time to make decisions on what to hold for the future and what to hold
Mwe doing as expected negatives 10 yr treasury 2.76% wti 101.66 positives landmines for group ending,group distribution numbers so far mediocre (GEL PAA) KMP the bellweather end of day. Please note guidance for each going foward via cc are near term future. Qre upgraded Ho Hum
What I heard was a scenerio that if they stopped all future projects into 2016 as you said DCF would rise since no cap ex expenditures.foward. Then either sell out or he would retire. I don't see that happening as he is building a marcellus grid. I think there will be more JV coming. They would be great at turnkey operations with OPM. But on serious side. KMI buying them always a possibility. However, if Utica really pans out then just expansion of existing facilities.
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
For all those who listened to F. Semple you have to come away with a common sense approach to the running of MWE. Those who follow the analysts now have found that they do numbers and don't have a clue about company strategy when they do projections. That is why the thinking investor HAS TO LISTEN to the CC to EDUCATE themselves and make an intelligent decision about a mlp. Right now you have the momentum buyers bailing out. This will go on for next 2 weeks and then stabilize. If you don't understand what he said get out and hide in the % distribution bond like mlp's
The KMP cc gave very little direction other that KMP was wanting commitments and Mt Belvieu has a slightly
more positive end. kmp appears to be saying they will go but needs alot more work on what shippers want.
It appears to me the KMP Mwe JV will be folded into the present plans of KMP to have a spot in Houston Channel and Gulf
I always say to follow the volume Today MWE 1M shares 200K over normal However the following had 2X the volume of normal trading ngls mmp paa epd gel kmp Therefore,are the new etf's/ funds responsible for for todays increase (not KMP for other reasons)???
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
Please google ( liquid ethane transportation) and read 3 articles # seekingalpha E. Gue -transportation of ethane- and ethane and marcellus. You need specialized ships to travel with liqufied frozen ethane to be built. You need facilities to freeze ethane to be built to handle what all is being proposed here. A plus is that Germany, Poland and Russia have banned fracking. SaudiArabia has extensive refineries that can if needbe produce ethane cheaper than anybody ,along with #2 LNG producer Qatar also can shift from naphta to ethane if they see their markets for naptha diminishing. Remenmber oil is $15 a barrel in mid east. Norway also has found a new great big oil field to be developed. Also Buckeye is building a pipeline to Nova at Sarnia Canada .We really have to see how this all plays out before you ring bell for MWE. Since MWE has reached 74 this month to reach the numbers for it being bantered around there must be a return to 3 cents a quarter increase in distribution per quarter. marv
Morningstar is a 4 vs Zacks which is a 3. I must agree they don't know what a mlp stands for. Once upon a time they had merit. There only good thing to come out of this is that distributions will buy more MWE if reinvest. By the way tea leaves is a zero
Clueless one. The conference calls this quarter tell where the companies are and will be next year as January conference calls. Why today ? and this week? they tell you where they can run too especially their highs next trip around Then you can pick at what price when they sell down the next 6-10 weeks you can start buying DUH and regards dumbone
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.
For those who follow distributions and cagr, with MWE in 5% range it is no surprise. I believe it now for the next 3 months,it is a EPD selling for a premium due to prospects. There are 3 tiers of mlp stocks. High percentage of distribution QRE ETP those with high CAGR MMP TRGP OILT SXL and those in between GEL NGLS WES Take your pick Having 15 different mlps I have them all Marv
My take is that it is a mlp and not a NYSE stock so no pre announcements. My take is that the CS analyst ie was under pressure to have a focus #1 mlp and picked MWE. His group covers about 20 mlps. They could have called MWE at anytime to ask what they finally asked today : is it volume or commidity price that determines DCF Don't blame the mlp but the analysts. There are examples of mlp's the build their companies over 3 years and have done what MWE is doing i.e EPD and PAA Those who have been doing this along time could have told you that price was ahead of fundamentals. Amen
What is, hold on to MWE but not the grand slam for us all and not the amounts prior. You have to look at the section of the market that is booming. Export of propane and similar derivatives appears to be the sunshine in a cloudy forecast. Therefore EPD (although not a game change for them) NGLS-TRGP and OILT(already high price for distribution) I wish MMP and SXL would sell off alittle