I accidently sold out a month ago, (my covered calls were called in early by a div harvester) I have been picking through the MLP bathwater and babies instead of waiting for ete to pull back. I still have a major position in ETP, so I am still in play in energy transfer.
Been nibbling on atls, arp, lnco\line, kmr on dips.
the merger is very good for the Kinder family moving forward, but a c corp may not fit some investors needs. Many investors actively seek tax deferred income which is no longer a feature.,.
Although I increased my ownership of kinder, I am also focusing new income into other mlps to offset the loss of kmr.
sorry cydom is correct it is NOT tax deferred, there is no immediate or deferred tax applied with the extra shares. Capital gains\losses apply when sold, but thats the same as any asset that is sold.
second your knit picking about the 7% which was about what KMR yielded before the merger announcement.
Point is KMR is going away and as far as I know there isn't another worthwhile mlp with a good PIK dividend.
hey ignoramus what about all the oridnary income that you received ? what did you think that was tax free income ? Only death avoids the tax.
If you expect to owe around 95K you must have taken in a lot of distributions. In fact assuming you paid cap gains tax after your basis webt to zero, thats a whole lotta distributions.
if my position in sbux needs the share pice to stay under 80 I would be freaking out too. the stock has been flagging for quite a while in this high 70s. If a breakout occurs then its in the kirby (no areas of upwards resistance)
if you pay attention to the stock chart and performance ....
Its about to break out into the 80s. Isn't that whats most important for a public company ?
lol dumb fanatics
your still dripping ? whatever happened to buy low sell high ? I understand etp is staying high, but there have been so many babies throw out with the bathwater with the lows in OIL.
your an idiot, nobody was destoyed, some KMP holders are being forced to pay taxes on INCOME that they received. everybody gained.
Kind of late to the short party in kmi aren't you ? Its basing around 40 and will be in mid 40s by the time the dividend raise occurs.
Your bitter about kinder because you insisted on investing in KMP instead of KMR, which I suggested was a better investment a few years ago. Trading based on sour grapes or revenge never works out, get the emotion out of your trade. Shoot even richard kinder has been telling people that KMR is a better investment vehicle than KMP.
I'd guess that most of the KMP investors that need a tax deferred mlp vehicle have already moved to other vehicles. With the recent lows in the entire energy sector and a lot of MLPs hitting lows for the year, there has been a lot of opportunity to move from KMP at a relatively high price to dirt cheap mlps.
I presume your still dripping etp, buying high wen you could be bottom picking babies thrown ut with the bathwater.
regardless good luck on your short trade, if kmi goes low enough I'm adding.
Votes cast % in favor
Unbalanced article trying to create FUD when there isn't any, They forgot to mention how many new funds will need to add kmi to their holdings ....
nonetheless there may be some good trading opportunities as the fund shuffle continues.
There is no reason to sell KMR before the merger. kmr to kmi is not a tax event and you will at least gain the arbitrage difference. kmp I dunno, its much more complicated and it might be advantageous tax wise to sell KMP before the merger and swap for KMR.
I'm all in KMR now and will ride it into kmi. Might even pickup some more kmr before the merger if we get another dip.
I didn't get any divs from KMI guess I have to call schwab ....
Oh oops! I forgot I sold all my KMI when the deal was announced and swapped it for KMR. LOL I got more shares of KMR, which will convert back to kmi eom.