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Tim Plaehn  

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  • Investors Day At Plains All American Pipeline: Cautious Near Term, But Bullish Intermediate To Long Term [View article]
    More coming tomorrow, but PAGP has been paying for over a decade to management and other insider investors. Historic CAGR is over 40% per year.
    Jun 21, 2015. 01:10 PM | 1 Like Like |Link to Comment
  • Investors Day At Plains All American Pipeline: Cautious Near Term, But Bullish Intermediate To Long Term [View article]
    EPD's cash flow declined from Q4 to Q1. Looking forward to Q3 results to see if a trend is developing.
    Jun 21, 2015. 09:51 AM | 1 Like Like |Link to Comment
  • Investors Day At Plains All American Pipeline: Cautious Near Term, But Bullish Intermediate To Long Term [View article]
    20% distribution growth vs. 7.5% growth.
    Jun 20, 2015. 12:24 PM | 4 Likes Like |Link to Comment
  • Investors Day At Plains All American Pipeline: Cautious Near Term, But Bullish Intermediate To Long Term [View article]
    Crestwood has been a bit of a mess since the merger deal a couple of years ago. Let's hope this new move will help right the ship. Since it is mid-quarter, MLPs have nothing to prop them up. I think the sell off is a combination of energy pricing and interest rate fears, both of which do not really affect a lot of the quality midstream MLPs.
    Jun 20, 2015. 10:42 AM | 2 Likes Like |Link to Comment
  • Investors Day At Plains All American Pipeline: Cautious Near Term, But Bullish Intermediate To Long Term [View article]
    I am watching for some sort of bottom in PAGP before adding to my position. Also a bit underwater on CNNX. They need to start boosting the distribution rate, but I think it will come soon. Wouldn't hurt if gas would go back to $3.50.
    Jun 20, 2015. 10:22 AM | 1 Like Like |Link to Comment
  • 5 More Reasons Why We Think Kinder Morgan's Shares Will Collapse [View article]
    I stopped reading after this paragraph:

    "Based on the 2.159 billion weighted average shares outstanding at the end of the first quarter of 2015 and the company's current $1.92 per share annualized dividend, Kinder Morgan will pay over $4.1 billion to shareholders in dividends this year alone. That's more than 5 times what the company generated in internal free cash flow in each of the past three years from its own operations."

    Those numbers were before KMI rolled up KMP and EPB, bringing the cash flow from those two MLPs into the corporation.
    Jun 19, 2015. 11:45 AM | 47 Likes Like |Link to Comment
  • Downstream Refiner MLP Update: What's A Buck Worth? [View article]
    I think the variable payout makes sense since these companies have no control over their raw materials and product pricing. Pay what they earn and investors can figure it out, or not.
    Jun 17, 2015. 04:07 PM | 1 Like Like |Link to Comment
  • Downstream Refiner MLP Update: What's A Buck Worth? [View article]
    It is sometimes hard to see what is moving these stocks. Most of the time it appears they move with crude, which should not be the case. These are very poorly understood companies, outside of my readers!
    Jun 17, 2015. 09:47 AM | 3 Likes Like |Link to Comment
  • Kinder Morgan Will Continue To Increase, Not Lower, Its Debt Load, And That's A Good Thing [View article]
    The roll up of its MLPs has been a strong positive for KMI.
    Jun 15, 2015. 09:43 AM | 2 Likes Like |Link to Comment
  • Maybe, Possibly Now Is The Time For Ferrellgas Partners To Start Generating Superior Returns [View article]
    I advise my newsletter subscribers and when I make presentations to not own MLPs in an IRA. I can be done and may not cause problems, but there is now way to tell in advance if buying an MLP with IRA money will or will not cause a tax issue.
    Jun 15, 2015. 09:42 AM | 1 Like Like |Link to Comment
  • Maybe, Possibly Now Is The Time For Ferrellgas Partners To Start Generating Superior Returns [View article]
    Distributable cash flow attributable to common unitholders for the last 4 quarters was $183 million. Distributions paid was $164.7 million. Distributions covered by about $19 million.

    Propane business is seasonal, so some quarters will come up short to be made up by excess in colder seasons.
    Jun 10, 2015. 11:54 PM | 2 Likes Like |Link to Comment
  • Is Targa Resources The Next Energy Sector Takeover Candidate? [View article]
    That is an interesting combination. TLLP's sponsor is Tesoro Corp, which primarily is a refining company. Targa is more involved in NGL processing and export.
    Jun 8, 2015. 10:38 AM | 2 Likes Like |Link to Comment
  • Linn Energy Needs A Deal Announcement To Move The Value Needle [View article]
    I think Linn needed to free up some space on its credit line to be able to partake in an AcqCo deal.
    Jun 4, 2015. 01:07 AM | 2 Likes Like |Link to Comment
  • Ship Finance International: An Undervalued 10% High-Yield Stock [View article]
    I just view the FRO shares as free extra profit potential that will solidify SFL over the longer term.
    Jun 3, 2015. 03:20 PM | Likes Like |Link to Comment
  • Linn Energy Needs A Deal Announcement To Move The Value Needle [View article]
    Those price were forecast to provide 1.18 times DCF coverage, so about a 20% cushion.
    Jun 3, 2015. 10:48 AM | 4 Likes Like |Link to Comment
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