bunch of idiots whining over nothing. All they see are the IDRs without the rest of the benefit of the GP. Its clearly to KMIs benefit to grow the distribution of KMP\KMR since its leveraged to the upside.
I currently have my Kinder holding about 50% kmi and 50% kmr so I benefit from BOTH of them.
New england simply doesn't have the pipeline bandwidth to bring in natgas from the rest of the country. They are one of the few (only ?) that relies on importing LNG. Last Ii heard spectra energy was working to increase pipes to the area.
its the growth versus income decision, if your more interested in regular tax deferred income payments right away than long term capital gain growth then etp is more desirable because of its *ahem* distributions.
Until you sell most of the gains for ETE are paper gains.
my energy transfer position is ~50% ete and ~50% etp to take advantage of both aspects.
you could also consider folding your position but stopping the reinvestment of the distributions for a while and putting them into something else. Gives you a chance to diversify a bit
yes true. it also shows how lame the canadians are. all this time they could have built their own refinery with port access.
nonetheless the tar sand oil will find its way out of canada one way or another
and reported them for abuse.
Don't think of KMI as a dependent, think of it as the leader and manager . Try to understand what the General Partner is and what they do. Here are a few reasons to invest in KMI as opposed to KMP.
- no K1, files as a C corp
- The GP is a leveraged play on the limited Partner because of the structure of the IDRs. When the LP makes more $$ the GP makes even more.
- The GP is responsible for managing and feeding the LP so that the LP can produce cash.
Invest in the LP for the cash income, invest in the GP for growth. I do both.
looks like epb will be part of the financing vehicle for LNG export buildout. I wouldn't count on epb being absorbed into KMP anytime soon.
Can't compare utilities to pipeline MLPs. Completely different business model.
while the rest of the market barfs