ETE will not cut any slack - that is why ETE goes up and ETP languishes.
Completely agree. Look at ETE near a 52-high at $65. ETE did everything to screw the unit-holders of ETP. I bet two years down the road ETE will split again at $80 and pass ETP again in the $70 range. ETP is doomed to be a high yielder and ETE is a capital appreciator with a faster growing distribution.
You just posted something like this on 3/11, is this a reminder (see below)?
"ETP seems to be forming a head and shoulders top.
if it closes below the neckline at 53.12 convincingly then it is projected to go down to a minimum target of at least 40.50."
You can go to Energy Transfer Partners website and download/print the K-1, rather than waiting for it to come by mail.
Took us 21 months to go from $50 (3/2013) to $69 (11/2014). How long does it take ETP to go from $69 to $50? So far, it took ETP four month to go from $69 to $55.
I don't see ETP going to $40 unless oil goes to $30 to $35 which a lot of analysis are now predicting. I plan on buying more at $52 and that will be the first buy since $42 level (excluding distribution reinvestments). Thankfully, I took profits at $58 ($58 - that was on the way up and not this current run down) and $62. Should have at $69 but I thought it was going to $75 at one point.
ETP is one of my long term holds - been very frustrating at times (as I have complained a few times here - I need to vent sometimes).
I have owned ETP for roughly three years to have it go from $42 to $55 but the market is up roughly 50% and ETE is up over 100%. Everyday that goes by I end up hating this stock more and more. I need a vacation or some happy meds. Most of the MLP's were down 1.5 to .5% today, ETP down 2.70%. This is not the day I not care to hear the positives Thanks for the high yield and #$%$ gains.
I will hold but not happy. I know people like pull-backs but eventually I would like to have capital gains. Last year was good but ETP is in a hurry erase all those gains. It just erk's me that ETE goes up more and ETP goes down more. If it was not for ETE, I think I would be happier. I know ETE & ETP are basically the same - it is just how ETP is set up to lose every which way.
ETP going down - market going up. Nothing is more annoying when the market goes up and your stock goes down. ETE is still at $63 - unbelievable.
ETE really screws ETP all over the place. As a shareholder of ETP for three years this is really #$%$ me off that ETE continues to win while screwing ETP. I doubt I will sell ETP, but I may buy ETE if ETP & ETE cross the same price.
ETE up vs. ETP down. ETE is goes down less and always seems to go up more then ETP. ETP sucks compared to ETE. Back in 2012 I should have bought ETE not ETP. They have it in which ETP is setup to fail and ETE is set up to always win. I'm done for the day.
I would think lower oil would be better for demand for oil (but not for drillers). I know that ETP transfers most of its oil by quantity then by the price of oil. Regency I am not sure...they may do it by the price of oil instead of quantity and that is why Regency got hit with oil (I may be wrong as I have not done research on Regency). All I know I get a good discount when the drip happens.
I guess it is mess...not going to let one day judge it if it was a good or bad merger. I think it is a good deal for ETP but not so sure for the other side. This really does not change my out look for ETP in the end (except it is cheaper today then on Friday's close).