Seeking Alpha
View as an RSS Feed

Tim Plaehn  

View Tim Plaehn's Comments BY TICKER:
Latest  |  Highest rated
  • Can Any Upstream MLP Withstand $60 Oil Through 2019? Part 1 - Legacy Reserves [View article]
    "The curve is volatile but is the best indicator of spot prices in the future and it is not looking good."

    Based on what evidence? Was the curve of a year ago or six months ago just as good an indicator, even though at that time it was pointing to much higher crude prices in the coming years?
    Aug 17, 2015. 05:38 PM | 2 Likes Like |Link to Comment
  • Low Crude Prices Paying Off Huge For One MLP Sector [View article]
    CLMT is not a variable payout MLP, although I think they should be. Quite a different business model, but also doing well with large crack spreads.
    Aug 17, 2015. 05:21 PM | 1 Like Like |Link to Comment
  • Low Crude Prices Paying Off Huge For One MLP Sector [View article]
    $1.75 is probably more likely to be close to the number. Just wanted to have some fun with the potential for $2.
    Aug 17, 2015. 04:04 PM | 2 Likes Like |Link to Comment
  • Low Crude Prices Paying Off Huge For One MLP Sector [View article]
    The higher gasoline prices have spread out west and south from Chicago, so CVRR may benefit also.
    Aug 17, 2015. 04:03 PM | 1 Like Like |Link to Comment
  • Is The 'Sustainable Yield' Company A Sustainable REIT Brand? [View article]
    Brad, I recommended this one to my newsletter subscribers back before the last dividend increase and your article. Thanks for the gains!

    I view HASI as more of a finance REIT, and the yield is quite low compared to its peers in that sector. I would be again recommending HASI if the yield moved back into the 6%'s.
    Aug 10, 2015. 09:50 AM | 4 Likes Like |Link to Comment
  • Will Investors Notice The Declining Cash Flow At Enterprise Products Partners? [View article]
    Good point. SHLX is so new it hasn't shown the track record of the other two.
    Aug 9, 2015. 04:49 PM | Likes Like |Link to Comment
  • Will Investors Notice The Declining Cash Flow At Enterprise Products Partners? [View article]
    I do go look. Last year EBITDA and DCF increased from Q4 to Q1 and there was a decline for Q2. DCF coverage was 1.4 times in Q2 2014.
    Aug 9, 2015. 09:32 AM | 1 Like Like |Link to Comment
  • Will Investors Notice The Declining Cash Flow At Enterprise Products Partners? [View article]
    Many have fallen farther, some less. It depends on the business and individual growth prospects. VLP and PSXP should be OK with their 25% growth visibility. EPD with 5% distribution growth and shrinking cash flow and position as the largest MLP and MLP fund holding stands as a special case.
    Aug 8, 2015. 09:38 AM | 3 Likes Like |Link to Comment
  • Will Investors Notice The Declining Cash Flow At Enterprise Products Partners? [View article]
    I think you got the point of the article exactly. I do think if you wait to establish a position or add units, the value will get cheaper in the short run.
    Aug 8, 2015. 09:26 AM | 4 Likes Like |Link to Comment
  • Legacy Reserves Announces 'Game-Changing Transactions' [View article]
    Can't fight a bear market, which is what is occurring in the energy sector.
    Aug 3, 2015. 12:40 PM | 1 Like Like |Link to Comment
  • Maybe, Possibly Now Is The Time For Ferrellgas Partners To Start Generating Superior Returns [View article]
    The K-1 on units held in an IRA account will list exactly how much UBI the units earned. If you have a K-1 from and IRA owned MLP, you just look it up. There is no grey area. The problem is that there is now way to predict if there will be UBI or how much it will be until the IRA actually holds the units.

    Also, K-1 results are not on a per unit basis, but are based on the individuals ownership position including investment dates and amounts.
    Aug 1, 2015. 09:25 PM | Likes Like |Link to Comment
  • Maybe, Possibly Now Is The Time For Ferrellgas Partners To Start Generating Superior Returns [View article]
    Go look up unrelated business income tax -UBIT. An IRA holding an MLP can be subject to UBIT if the IRA earns more than $1,000 in unrelated business income. Any profits reported on the K-1 from a partnership will be classified as UBI. Just the way the tax rules work. The IRA doesn't shelter UBI.
    Jul 31, 2015. 12:32 PM | 1 Like Like |Link to Comment
  • Linn Energy Death Watch Count Down [View article]
    It appears that since the market has put no value on the distributions, why should Linn work to continue to pay them?
    Jul 30, 2015. 09:22 AM | Likes Like |Link to Comment
  • Alon Partners, Cyclic Stocks Pay Huge Returns [View article]
    You wrote: "The crack spread is another factor for profitability, but I will leave that out of this discussion for now."

    That is the main factor that drives quarterly distributions and share price changes. If you are not watching a crack spread, you are just guessing what will happen with the company's profits.
    Jul 25, 2015. 10:14 AM | 2 Likes Like |Link to Comment
  • Summit Hotel Properties - Looking For A 40% Dividend Increase [View article]
    Papaone, I pretty much agree with all of your issues. However, the probability is still high for a large dividend increase, which should boost the share price. I see INN as an intermediate term hold, shooting for a mid-teens return.
    Jul 23, 2015. 05:57 PM | Likes Like |Link to Comment
COMMENTS STATS
1,476 Comments
1,469 Likes