To all those freaking out by drop in prices let me make a more expansive comment along with what I have been saying about the shift in mlp direction to export . The industry coming together for assult on ethane ,EPD leads the export team so there will be a better balance of supply nationwide good for fractionators and drillers. EPD and NGLS lead way to export propane and butane good for fractinators and drillers bringing propane into nationwide balance. EPD and such to be named shipping condensate abroad good for owners of pipelines shipping to gulf and splitters and excess condensate. Good for shippers and drillers. Lastly dry NG as ETP WMB D build out pipelines to supply SE S Gulf States and LNG export. I expect the health of mlp's to continue into 2016 as a peak
Hach Thanks for update. I don't know what to value EPD at. They are a real giant and look to be #1 exporter of NGLS.. My feeling is the overhang of 600+M accord to ETP has to be settled before a true price for co is made.
I have been watching the D IPO which I think is a couple of months away. HCLP got another upgrade today. The fact that you and money always feel that a co is already priced to late is a fallacy. Look at trgp. Would you have bought it at 100 well it is 130 and you must look at chart . Look at eqm it states i t will raise its distribution every quarter by 3 cents until at least 2016. That is what mwe was doing when humpty fell
Money I have owned a few shares in my brokerage account since around 33. I am feeling better about MWE now but as I said each cc becomes more important and my hope is the are at high end of DCF. I now feel there are two mlp markets the KMP PAA GEL EPD ETP and such the other market is ETE TRGP EQM VLP OILT MMP .EMES The longer I focus on mlp's the more I focus on CAGR and how many pennies increase each quarter I am absolutely committed to ETE MMP OILT TRGP MWE ,disappointed in SXL presently and beginning to take a position when price is good with WMB, alittle TEP and EQM. I am cautious with what is playing out. The distribution cycle has not moved the group and it floats as DJ plus next 2 months are always the worst. Sold EPD due to settlement to be for 500M which can only help ETP and ETE. Since you do as much work as I and passandshoot I would appreciate any strong buys with reason As always Marv
Back again after surgery. MWE now becomes a positive conservative play.You have to listen to next conference to see by the numbers what this all means as far as completetions. The 5- 7-10% must change upwards or we are in an extensive trading range and the price presently reflects it. It appears some fund has been loading up along with analyst raising TP.The group has not improved generally speaking with distribution announcements and is being whipped by market. On a personal note analyst projections appear to be more important then most investors think or give them credit for plus we are entering the poorest quarter generally for mlp's. The immediate future MWE should be tied to Perry-Cruz-Russia and export LNG permits.With foreign policy in a shambles there will be change in domestic policy I think for adminstartion to take credit for energy policy
i am so happy you completely understand mlp's cagr coverage total return and such. You again remind me of clueless that buy stocks and comment on something they no nothing about
It is best for MWE future that it comes by 2017. T
Since my last remark that the distribution announcements have not moved the individual needle as in some cycles. The group has been almost mirroring the DOW. I sold 1/2 of my 2016 calls and am even on price with MWE. Two things -down is dropping,,,GS halo given to MWE leaving, and period from mid August to first week in Oct most troubling for mlp group judgeing by past history.. If you buy price will be to your satisfaction soon. As Perry and elephants make energy case going into election cycle and curious asleep at wheel with LNG permits they will be searching for ways to put it to Putin. But that requires a brain going to Emerald City
Money just come out of a week of surprise medical situation. I remember saying that this project is better suited in the continuum for MWE in 2017
Interesting up till today when general mlp group went up PAA GEL EPD Ngls distributions this quarter did not move needle. KMP at a penny a quarter and 5% yoy looks stuck until they buy out GP Stay with CAGR.
I only sneak this on your message on your board Cramer has MMP on tonite 7/16. Might be interesting listen as MMP perhaps one of best managed oil distribitor and storage mlp
Paragraphs 2 and 3 are on target but the jobs report was not positive . Total employment picture mirrors 1970/s. More part time workers and less full time workers because of ..care. Almost all mlp's but 2 or 3 were down. Midsize volume-profit taking by same funds that have bid this up Distribution release starts in earnist next week. MWE has not alot to run up for next 3 weeks. GS appeared to give it a jolt up. Follow the volume to get a better fix of where MWE goes until Auig 20 then.........
While there is a break in action until distribution volleys start in a week or 2 I recommend those who are mildly interested in my my golden year thoughts and then what, to read this week MLPDATA . Basically it shows by conjecture that oil mlp's will need additional expansion by 2018. I still believe in mlp rotation and that we are in the export cycle for mlp's. It should last until 2018 for LNG PropaneButane etc and condensates. I know this is a stretch for most but I am in this for along time and 2018 is not so far away.
Thanks for information. I just bought a small amount of epd for the 5 or 6th time. I wish they would go 1penny plus each quarter. I however am fixed on OILT who as you know has given and contracted with EPD for their docks in Houston Channel. OILT is dropping down their terminal in Texas City. Although it is presently not in the game with products everybody is talking about they have 2-3 docks which probably would be expanded. Thanks again
After reading headlines I went to latest MMP conference were they talked about building a splitter at Corpus Christi. It was slated to cost $250M. Of that 65% was for terminal infrastructure, storage, dock improvment and pipeline connectivity There is also a picture of exactly what they breakdown gives them with approx API of 50 . I have been refrencing the impotance of infrastructure and the slide proves that whoever has outlet to Gulf will be in export business weither it is condensate or byproducts of splitter. Marv
a must read today at RBNenergy about the subject