Part 1 of my prophecy has come true. EPD just raised the dividend a 1/2 cent! I urge you to remain calm!!! I know that extra cash is tough to take. However, will get thru this.
ETE should move up nicely on this news. This will be GOOD for WMB shareholders as they will get the same percentage gain!! What really makes this good for both shareholders of ETE and WMB is that the new combination won't be over leveraged. GOOD DEAL for BOTH
Full Reuters article:(Reuters) - Enterprise Products Partners LP will lower the tariff rates for crude shipments into its ECHO crude terminal in Houston, Texas, according to a regulatory notice filed on Monday.
The midstream operator will decrease tariffs on its South Texas System by 10.46 cents per barrel, effective Oct. 1.
The decrease in tariff rates on the system will be offset by a new 10.46 cents a barrel pumpover charge for customers who move product into the Genoa Junction terminal on the Houston Ship Channel.
There is a lot of hedges going on. Several funds are shorting MLP's and buying USO. Just remember though...all hedges eventually must be unwound. This fall the opposite will happen and now you know why.
Those will be the last words by the shorts as they get blown out of the water at the next earnings release. Expect a rise in DCF guidance for 2016. Don't let these shorts cover with your shares. Getting more tomorrow.