just popped from 64. to 67.90 this morning, ETP from 50.04 to 52.50. Some big money must be thinking BLOW OUT earnings after bell today? I have 3800 shares for 3 and 4 years with no Div. increase. Would love to see 55 again!
Is this parabolic move make anyone nervous? I have been in since buying Duncan, June 2009 at 16.30 and sold some over 4years, but still have big gain. Wondering if I am getting too greedy! What a wonderful stock.
I live in Lubbock tx., in the eastern end of the permian basin. If chicken is placed on endangered list, no new wells I would suppose. Vote has been put off until September, 2013 for more input from local farm, ranch and oil and gas industries. We are big, pro all 3 industries here with our state congressmen postponing vote for us. I have bought PER after every Div. and usually sell right before next Div. The chicken is all I can think of that is not wide spread public knowledge involving this stock. Own 1800 @ 15.70 basis after buying more this morning.
ETP was getting overbought technically at 45 in 3 days from 41.03 last Thursday. I believe a pull back to go higher for div. to pay at 46 or 48 if market goes up with some positive earnings.
Election Nov. 6th, ETP will go up right before for Div. If you want out it would be the time to sell, Nov. 2nd, don't sell if looks like Romney win, could get 100 S&P points more?
Hopefully we have stared run up to 46/48 to dividend. I bought more at 42.69 before the fall Thursday then bought a little more Thursday. I did not realize the deal closing would cause such a sell off. Thought price was staying low in anticipation of share offer from August. I believe the share offer will come when price is higher, 46? maybe before div in hopes people buy it back up to get the dividend?
Read an article that said ETP must sell the stations because they would not fit MLP legal definition and would threaten ETP tax structure. Cannot remember, find which article it was. Makes sense to me. Anyone knowing more would be appreciated. The 4900 stations could already have a buyer, ETP just has to close the deal before announcing it?
Haven't traded this stock since 2006/2007. Want to buy in, technicals look like 37.50, below that 36(may never get there with QE3) 38 is 50 day MA, Mondays usually down,buy half position if 38 comes up Monday. I would think CBI hits 45 before end of year? Any owners/traders of CBI feedback would be appreciated, thanks
Thank you for your response, my EPD and EEP always sale shares after they file, I did not think ETP had issued yet. I am thinking the issue could drop ETP to 41 or 40 and I buy more there instead of now. I think sell the 4900 SUN stores and not sure of rest, hoping management makes the smart decisions. Time for ETP to integrate these companies and increase DCF and earnings and increase the distribution next year. I have owed since 2009, and had chances to sell at 55 or May at 51 but own for income, has paid me 32K in 3 years, ETP will be back to 50 next year sometime. This is one of few stocks that has not run up. May buy lower and sell a 1000 at 53 next year. ETP sold 207 million Col. pipline in news today. Will help to raise cash, pay down debt so if economy gets worse, obama reelected, and market tanks because he will not cut spending and debt.
In August ETP filed to issue more shares, I cannot find older news showing what price the shares were issued, or did ETP just file for future issuance? Price has been down since, and waiting for SUN deal to close.
Wandering the same thing when I saw up big in pre-market? Can not find any new news. Some news must have leaked out of some news coming soon, sell of sunoco stores?
Thriplewitch your post was my LOL for the day. I felt the same way , he does not speak well, lets hope he knows what he is doing. The one thing I did like was he said ETP will simplify their situation in the future? Could it mean sell sunoco stores and like EPD buy out the GP and regency? Follow EPD's new model for MLP's with one enity and profits have soared. It would take a while, first,recent buyouts need to contribute growing profits and use the proceeds to consolidate?
I have owned ETP since Aug. 2009, it has always been more volatile than others I own like EPD and EEP. It always comes back and I am looking to buy if market/Europe get worse. I have come to except it as a buying opportunity once a year when it can go as low as 38 to 43 that I don't get with EPD etc. ETP has not increased their unit payout of 3.57 since August 2008,this should change next 3 quarters as parts of SUN sold and pipeline projects contribute new income and integration of new purchases contribute.I think it is selling off today in people knowing things will get worse in Europe and ther will be a better buying opportunity. I am looking to add 1K shares between 38-43 and sell some earlier bought share (2009/2010) at 51 later. Just stay with it and it pays nice % on $ down here, sell later at tops. Good Luck.
I think they should cut div. in half to .09 cents a month and stock goes back to 19 even if earnings off to flat like PWE, and BTE. Don't think they will , but bought 500 shares to gamble with @ 16.87. I had 2k and sold @ 22.85 taking a small loss 2 months ago. Never thought this would go so low!
as a way to play Nat. gas because of dividend and that it has been "obliterated" in her words, and options (on nat. gas)look positioned for a rise in nat. gas price, hot in the east, air cond. etc.