I did not add more at $24.75...I will try for $23.50 - this market looks shaky (I did not figure that out either - seems after DIS reported that is when things started to go south) this is a long-term hold not a trade (like ETP is a long term hold).
I finally bought some ETE yesterday. I have been waiting for ever to buy ETE on a nice pullback. On the charts it looks like ETE has bounced several times off the $25 base. Now I own ETE (not a full position - if it drops below $24.75 I will add more) and ETP.
CYIO has not done a 10Q or 10K filing in about two years with the SEC. I do not ever see any PR's coming out of CYIO until they start filing again (which I bet will be never due to cost of filing).
I have a nice position but if ETP hits a level in which I feel comfortable to buy more I will. However, since the distribution date has just past I will wait it out. To start a new position I think $45 to $46 is a good level.
I am in ETP for more then just a trade. I've owned ETP since 2012 - I am happy with the fundamentals of the company. My original purchase was at $42.00 - almost a round trip.
Thanks, I will listen to the CC late tonight. I would give ETP a solid buy at $45 to $46, of course if oil continues to go down, I am sure ETP will follow.
It is a distribution not a dividend. We will learn a lot when ETP/ETE report numbers - I highly doubt ETP will cut the distribution - this is pipeline not a driller. If you just go by charts - then you could assume 95% of the oil companies will cut their dividends/distributions because the stocks are going down.
I feel pretty good about ETP going forward after listening on the CC. I believe they can easily maintain the distribution growth and possible raise to .025 for the second quarter. Seems like ETP will have a coverage ratio of 1.1, while ETE will have a coverage ratio of 1.2.
I like the projects going into 2016 & 2017. With the Mexico pipeline and ND pipeline coming on board by 2016. I think the LNG project could be done by 2017.
I expect ETP to miss top and bottom line (who cares about EPS) this quarter while maintaining 1.0 coverage ratio. Besides last quarter (earnings came out at 8pm EST), earnings have come out around 5pm EST. I will try not to look at ETE stock movement, as every time I do, I get in a real funk over ETP's stock reaction. It takes me about three to four weeks to recover. Happy now - #$%$ later.
I want to know how the ND pipelines are going and what the merger will look like in the CC.
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.