Many may have bought for the tax deferred Dist.....which now may be a taxable DIV...Now back to it's offering price it's probably a good buy.
Because LNG is going to produce and sell LNG doesn't automatically mean they will make a positive ROR doing.But it will be shipped at a profit to the Shipper.
Agree with all you said. Perhaps the re-leasing of the MS Storage was an issue, but since that has been mostly completed @ better rates ???
1.2X Q1 COVERAGE should bring a sigh of relief for those questioning the Dist..The Balance Sheet and absence of 2016 hedges still need to be addressed.
The major problem is that you have to pay the Dividend to the counter party when your short....11% ANNUALIZED is a lot to give up unless you're very short-term.
It could mean that SINCE both PSX and SE have their own MLP'S DPM may be more valuable to a third party wishing to expand....DCP has poorly managed it from the gitgo..Typical of parents not on the same page.
Great post.!! I own a dozen or more @ any given time and have since 2004and don't find K-1's onerous.