You almost wonder why Kelsey is keeping things so hushed? Is he accumulating at these prices? If he said the deal was over and they just want to focus on ETP the stock would jump $10 in day
Hedge Eye actually coordinated with Baird last Wednesday to put out the MLP downgrades this morning.
Apparently there was inside short positions being taken ahead of a Barrons article this weekend. This was done by firms and individuals advised by Hedge Eye. Same actions that put Dan Dorfman in jail from CNBC in the 90's.
Taking a look at MLP General partners. PAA and ETP both have General partners being ETE and PAGP respectively. Now ETE is at 7 and that seems low but it's yield is 17%. PAGP has a yield of 13% and another CEQP has 47%. While 7 seems crazy low for a price it's pretty much average yield when compared to others. This won't go on forever.......
Q3 conference call referred to streamlining management to accommodate the merger. Also more announcements will be made referring to whom at Williams will remain.
It is odd. Using "time and sale" it shows the last trade before 16:00 (4pm) was $7.00. However, at 16:02 there was a closing short trade for 89,243 shares for $6.98.
The latest update is showing tough winter conditions in the area where SPH operates thru February. Don't expect an increase in the distribution this year. However 14% yield looks safe. Watch for a short squeeze soon because other MLP's are starting to move significantly.
Kind of feels like EPD is leaving the station and headed higher. Earnings beat and are behind us now. Dividend just raised too! While all these integrated companies are cutting dividends this guy is headed down track 41.
Held your 7.4 level twice then moved up the rest of the day. Seems like heavy short term resistance in the $8.00-$8.15 level. After that looks like $10.05. A move above $8.15 might create short covering. Were in a blackout period until 2/19 so should trade on technical.
True...Spectra Energy Partners moved up $3.30 to $44.08 on better than expected earnings. EPD also came in at better than expected eps and increased guidance. Good luck to you as well.
Goes ex dividend tomorrow and that $7.40 will be in the cross hairs right at the start. If it holds thru 10:00 am than should buy more all day long