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."
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.
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 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 $63 - unbelievable.
I expect ETP to miss top and bottom line (who cares about EPS) this quarter while maintaining 1.0 coverage ratio. Besides last quarter (earnings came out at 8pm EST), earnings have come out around 5pm EST. I will try not to look at ETE stock movement, as every time I do, I get in a real funk over ETP's stock reaction. It takes me about three to four weeks to recover. Happy now - #$%$ later.
I want to know how the ND pipelines are going and what the merger will look like in the CC.
You can go to Energy Transfer Partners website and download/print the K-1, rather than waiting for it to come by mail.
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 $70 range. ETP is doomed to be a high yielder and ETE is a capital appreciator with a faster growing distribution.
I feel pretty good about ETP going forward after listening on the CC. I believe they can easily maintain the distribution growth and possible raise to .025 for the second quarter. Seems like ETP will have a coverage ratio of 1.1, while ETE will have a coverage ratio of 1.2.
I like the projects going into 2016 & 2017. With the Mexico pipeline and ND pipeline coming on board by 2016. I think the LNG project could be done by 2017.
ETE really screws ETP all over the place. As a shareholder of ETP for three years this is really #$%$ 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.