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Enterprise Products Partners L.P. Message Board

rdking647 3 posts  |  Last Activity: May 6, 2016 7:42 AM Member since: Sep 24, 2008
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  • Reply to

    Ruling today at 2:30 on Sabine Oil and Gas

    by oldtrader74 Mar 8, 2016 10:59 AM
    rdking647 rdking647 Mar 8, 2016 3:27 PM Flag

    IMHO not really. for most e&p companies reneging on a contract isnt a viable option if they want to stay in business. If a company files chap 11 and then reneges on a contract its not like another pipeline is already there to transport the oil/gas. even if they build a new pipe it takes time to build. and in the meantime no o/g gets transported...

    plus who is going to build a new pipline when capital is contrained and the company seeking the new pipe has already reneged on one pipeline deal

  • Reply to

    Just out on ARP website

    by johnmerb May 5, 2016 6:48 PM
    rdking647 rdking647 May 6, 2016 7:42 AM Flag

    the only problem with buying bond back. as a MLP if they buy the bonds back substantially under par that creates taxable income for stockholders even though they dont actually receive income

  • Reply to

    Ruling today at 2:30 on Sabine Oil and Gas

    by oldtrader74 Mar 8, 2016 10:59 AM
    rdking647 rdking647 Mar 8, 2016 12:58 PM Flag

    i think the LNG contract is a special situation that doesnt apply in most cases. If a company repudiates their contract who is going to ship their oil/gas. its not like another company can just step in and build a pipeline especially since capital is restrained right now. and without a way to ship a chapter 11 becomes chapter 7 very quickly

EPD
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