Someone did a study on this theme and found last 4 years for mlp,s it was that prices came down in this period. Today and I only speak of SD iRA,s the climate of stock market resembles 2012. Economy as I see it is weak. Ukraine-Obamafare-high gasoline prices-low housing recovery etc. Added is no Keystone but a Kabuki dance by George to spice up group, and somewhat major projects coming to pass in June July and most in end of year. Oil and NG and NGLS (being exported) keeping group in the picture until October. So I am trying to get into cash and expect lower prices for mlp group. PLEASE no tax scenario and ass----s need not reply
The mlp revolution continues. Export of LNG Propane Ethane iso-and butane is now being added to NG pipeline expansion to SE- NE- Mexico. Gulf expansion of Splitters -Crakers- being built ,export docks and new ships Oil pipelines from and to TX LA OK being completed by next year. So I am optomistic for group at end of year. MWE will be a 1 to 1 1/2 year hold. Maybe May 8 will give a better read on the future.
Glad to see you are in the Liza put camp. It is a real treat to see a bright view of things but she rolls puts over rather than taking it . The onslaught today is not mlp specific but a wholesale sale of no buyers but plenty of scared sellers. This is a repeat of 2012 when the good news of CAGR and increase distribution numbers don't matter. Ukraine is the excuse and take no prisoners of tech-biotek-social media is order of day. I stand by my golden era 2 yr outlook and the best will shine. I also got caught in MWE halo but offset it with my golden 5 stated before. By the way IV board has really dropped in class. Only liza you money pass is readable. As always Marv
I usually don't comment on personal buys. My favorite going foward is ETE followed by TRGP. I sold my position in EPD today and will buy when they settle with ETP for $300 M or so Listen toC.C's or transcripts coming up next 2 weeks for ETP OILT (analyst day conference)NGLS MMP and of course MWE Regards Marv
This is a philosophical reply to our situation. I have been also trapped with a large position in MWE. I truthfully feel in 2015 they will arise. However, my credo is that each stock stands on it's own and total return is what the stock market is all about.. MWE as PAA as EPD as ETP who gave up 3-4 years of total return to build sustainable leaders in their sector returned with 1 1/2 and later increases of 2 cents per quarter. We presently have mlp's returning 2 and 3 cents or more . I argue to shift if possible to them and then return to MWE
Please do yourself a favor and listen or read NGLS(TRGP) OILT EPD and next week ETE group CC's or transcripts. Marv
This is a headsup. NVGS has on order for next 3 years 4/2014- 4/2015-and 5/2016 ships that will handle the ehane-propane-ethylene etc liqified gases that are being talked about. The next is to find out which company has the docks for the ships. Guess who?
HACH I am at a loss because of the EPD-OILT agreements. The EPD webcast said that the OILT expansion will handle low ethane propane. I now assume that the OILT expansion will handle Propane/Butane/ethane for EPD. Some of my investigation is will Texas City ( 3 dock )dropdown add to EPD mix or Port Neches 3 docks help in future. THE MOTHER OF ALL SLEEPERS is OILT has a terminal Davant which is on Miss R 65 miles south of New Orleans with 900 acres set aside for future expansion. My focus now for all the gulf is ships-docks-pipes to them Marv
Forget about Davant terminal for NGLS. They are in the working of making a coal export terminal It is 55 miles frpom N.O. We have to go with what is available
I am no guru on mlp's. However, I think I do a service of making the club aware of certain other mlp's that should have been looked at while MWE does its jail time with 3 year sentence. Everybody who has read my posts know that CAGR and OILT ETE AND TRGP this last year was my tune. Hach was the MMP clarion. I remember my extolling SXL and you were one of the few who gave it a shot. LOL As always Marv
The reply in question part of the last CC gives an excellent read or listen on the 3 year lag from outlay of major funds to the booking of the return. History shows that PAA ETP EPD and MWE took major money investments to change the face of each company. So the incesant jibs about stock price day by day is for traders and clueless who don't know 3 month cycle-movement of ETF mutual funds-shorting-stock market maserations- and such-analysts calls and changes. Clueless read 5%-7%-10% Go with this or bail
The basic problem here is a person who constantly posts with a self absorbed presentation. He is clueless that investing is about total return . His informational posts are contributory but his constant refrain of his personal situation is tiresome. I tell all my focus is self directed IRA If he wants return he should be buying memp-arp -clmt etc. However, buy and win is the best for a positive take on MWE. At 5 % you have KMP and see how it has responded this last year. It is about CAGR and increased distribution which was and will be soon be to those who are in buy and hold mentality for mlp's
ACMP talks about getting it's NGLs out of marcellus and joining a pileline going south. Also talks of joining ATEX after a hookup is in place. This will happen, it just a matter of mass moving it south as NE cannot absorb what ACMP MWE is fractionating soon
I encourage all interested in this sbject to look at EPD slide presentation Mitsubishi conference 5/14/14 Also of interest is propane contract for export as of 5/14 increase under epd headlines ( effects OILT also)
arb I have spent alot of time on this website trying to give some good advice that I have earned after investing for 50 years. The last -20 years since I bought my first mlp kaneb bought by VLI. All those who buy mlp's for yield in my opinion are not very smart because they are buying a bond which might get lucky if they raise their distribution or interest rates are low or the fool Cramer picks it as a focus for distribution/div or a fund buys it. You buy mlp's for total yearly return. If you can't see that fact BMG and continue along. I will in LESS than 9 months have 40 pts on 1 -9 points or 22% on another and 47% on another. As far as MWE it was my worst performer in 2012 2013 2014. It will have spent 3 years in jail by the end of this year. Why total return is so important is that this 2010-2016 year period is the golden era. for mlp.s . All those who by mlp/s for yield I equate to those who buy 10 yr treasuries at 2.50 % and pay taxes on interest or park thosands in money markets. This will be my last statement ever on this subject. MWE is my second smallest holding and I have a raft of 1/16 calls of different prices. As of today I am 30% cash. Back by last week in June out by middle of July and all in Oct 1.
You as well as B&W don't understand what I write. I have said to BUY a mlp for distribution % is not smart. So my focus if you buy in todays market May 19.2014 for distribution is not where I think you should be. I, when I did not fully understand mlp.s, bought the likes of KMP EPD MWE NGLS MMLP BBEP QRE MMP for a regular brokerage . All this about 2-7 year ago buys is not revalent to today;'s discussion. Today at reasonable prices you should be buying ETE TRGP OILT MMP etc. Those that have the best CAGR going foward with the best increases in distribution. I would even say in a IRA or brokerage regular account that should be the best course. I feel that the mlp revolution will not go on endless and these next 2 yrs with the export revolution you can really make an impact on your total assets. I have no problem with your focus. My problem is with the multitude of those who judge a mlp by distributions only and not appreciation
I am right you don't understand and you are so self absorbed that you must rehash your personal autography again and again I wrote to Arb to explain that even with asset allocation he should pick those mlp's that would return and increase his assets in total today and not choose a EPD or MWE who near term does not support a healthy CAGR and superior distribution. I am sure that Arb has a long standing asset allocation model. We only differ in the fact that I don't and I tried to explain, which appears to hjave been lost on you, that the mlp section of stocks has changed and to go along with the change in focus to export+CAGR+increased distributions. It is not about you.
Those words could have been said of Richard Kinder. The most interesting dissertation should be such. An early stage mlp ie EMES OILT EQM PSXP = rapid price and distribution. Core holdings or older mlp,s PAA EPD KMP WMB OKE and then situational mlp's MWE NGLS ACMP WES. NOW the question is your choice and where. What makes mlp investing is entry point ,risk,ira or brokerage account and degree of knowledge about group and company prospects.. If you want rapid growth you would have to put MWE into 2016 when it should blossom.