They are in with some big players including Total who they have JV'S with and would not want to be associated with a BK partner...They have $9.8B I debt @ nominal value but only about 1/2 that @ market...A rounding error for Big Oil..
4TH quarter is history...Today's reality is much lower refined product margins...Buffet's interest in PSX is Infrastructure and Chemicals....Will spin off Refinery's to clueless Mullets
Raised the dist. and guided higher Dist.in 2016...Based on commentary $4.75 annualized now should exit year @ $4.90
I read the 10k and most of their Presentations and didn't see that number....not that I don't believe it.I understand the relationship with ACCESS..
You're probably right and I don't own it so I don't care,but they have a Data room and I'm sure there are some big companies trotting thru as they have a very large NG Portfolio that Companies like BP and COP don't.....So there's an alternative to what you suggest..
With Royal Dutch Shell as a surrogate Sponsor,I like their positioning......but doesn't mean it can't trade lower.
All POP contracts will be gone by 2019 based on recent statements/presentations..A huge long term Contract was just recently converted which will help 2018..Moving in the right direction.
IF it was a C-Corp and EPS meant something it would be a big deal .BUT it's not so it's not..DCF is estimated to provide sufficient coverage to maintain the Dist.
He can't be specific and it's a stupid premise..A 50% Dist. cut would materially improve the ETE/ETP Financial position and probably result in a ratings upgrade
Yahoo reported a couple of buys ....one on 12/31 of 142k by a Director..Maybe some additional s-4 filings they haven't posted yet.