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Albert Alfonso  

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  • Kinder Morgan Did Not Disappoint [View article]
    RLP,

    As was noted above, the asset base dictates the use of DCF. None of those you mention own physical midstream assets like KMI. Rather, they own the GPs and thus get the IDRs. In addition, ETE is still technically a LP as is PAGP.
    Jul 16, 2015. 10:54 PM | 1 Like Like |Link to Comment
  • Dish slips 3%: FCC set to reject discounts, T-Mobile merger stalling [View news story]
    This is a moral victory for T and VZ. Dish used these entities to inflate the value of the spectrum costing the buyers billions more than what was projected.
    Jul 16, 2015. 08:20 PM | Likes Like |Link to Comment
  • Kinder Morgan Did Not Disappoint [View article]
    Hampton108,

    ATLS is a mess. They could really use some new managers.
    Jul 16, 2015. 08:17 PM | 1 Like Like |Link to Comment
  • Kinder Morgan Did Not Disappoint [View article]
    riddix,

    Actually DCF is growing faster than the dividend. Coverage averaged above 1.1x so far this year. Last year it was ~1.00x.
    Jul 16, 2015. 08:14 PM | 4 Likes Like |Link to Comment
  • Kinder Morgan Did Not Disappoint [View article]
    BAC,

    What can I say. I obviously disagree. The author is repeating the same tired talking points made by Hedgeye a few years back.
    Jul 16, 2015. 08:02 PM | 9 Likes Like |Link to Comment
  • Kinder Morgan Did Not Disappoint [View article]
    Good thing that demand for oil and gas is extremely high and is slated to grow considerably. KMI makes money by moving the product, not by selling.
    Jul 16, 2015. 01:43 PM | 6 Likes Like |Link to Comment
  • Kinder Morgan Did Not Disappoint [View article]
    PSX and SE control the fate of DCP. They should support it through this period of low NGLs. I do not see them being bought out.
    Jul 16, 2015. 01:39 PM | 3 Likes Like |Link to Comment
  • Kinder Morgan Did Not Disappoint [View article]
    KG,

    Why would KMI fall to that level? Are there any fundamental reasons?
    Jul 16, 2015. 01:37 PM | 4 Likes Like |Link to Comment
  • Kinder Morgan Did Not Disappoint [View article]
    Yup, that was a typo. Should be fixed soon.
    Jul 16, 2015. 01:36 PM | 1 Like Like |Link to Comment
  • Is MarkWest Energy Partners Throwing In The Towel? [View article]
    Hi MLPData,

    It appears MPLX is going to rely more on MWE assets for organic growth after 2017. I agree that MPC is the big winner here. BTW, you have a great website. I use it all the time.
    Jul 14, 2015. 11:38 AM | 1 Like Like |Link to Comment
  • Is MarkWest Energy Partners Throwing In The Towel? [View article]
    richjoy403,

    I think ETE is going to make a revised and improved offer for WMB. We are still in the early innings in that game.
    Jul 14, 2015. 11:34 AM | 1 Like Like |Link to Comment
  • MPLX to buy MarkWest Energy in ~$20B deal [View news story]
    After reading more into this, I am not sure why MWE is doing this. MPLX has a GP and will need to payout increasing IDRs to MPC up to the 50% cap. MWE currently does not have this structure in place. Seems like step backwards.
    Jul 13, 2015. 09:53 PM | 1 Like Like |Link to Comment
  • MPLX to buy MarkWest Energy in ~$20B deal [View news story]
    Last year there were rumors that MWE was on sale and this news just confirms that speculation. This is a really incredible deal for MWE unitholders. Short-term, income will be lower. However, they are getting 25%+ distribution growth and a much stronger asset base.
    Jul 13, 2015. 11:28 AM | Likes Like |Link to Comment
  • Legacy Reserves LP - A Shift To Natural Gas [View article]
    PawnPower,

    What I wrote in March happened. LGCY was forced to cut.

    As to the price action, they are down alongside others in the sector. This deal will help shore up cash flows for now. However, they have one of the weaker hedge books out there.
    Jul 9, 2015. 02:18 PM | 1 Like Like |Link to Comment
  • Legacy Reserves LP - A Shift To Natural Gas [View article]
    OrangeElvis,

    With such a large transaction you would think there would be more upside for the distribution. However, this deal was done more to secure the current payout. LGCY has really weak hedges after 2015 which was the number one cause of the prior 18% yield.
    Jul 9, 2015. 01:38 PM | 1 Like Like |Link to Comment
COMMENTS STATS
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