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Tim Plaehn

 
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  • Look At The MLP GP Companies For An Alternate Path To High Total Returns [View article]
    I too noticed that REITs have done well. Maybe diversification works.
    Oct 12, 2014. 01:12 AM | Likes Like |Link to Comment
  • Look At The MLP GP Companies For An Alternate Path To High Total Returns [View article]
    The underlying MLPs are all midstream companies building out an energy infrastructure to handle the growth in oil, nat gas and NGL production. It is possible that MLP unit distribution growth might slow, but in my opinion not by much.

    I saw an article the other day that showed the E&P companies in the new plays are still adequately profitable at $70 crude.
    Oct 12, 2014. 01:12 AM | 1 Like Like |Link to Comment
  • Look At The MLP GP Companies For An Alternate Path To High Total Returns [View article]
    You need to look at the top holdings of the individual CEFs. It is not uncommon to find a nice percentage of GPs in the top 10.
    Oct 11, 2014. 06:10 PM | 2 Likes Like |Link to Comment
  • Data Metrics For The Refinery MLPs - Alon USA Partners LP, CVR Refining LP, Northern Tier Energy LP [View article]
    I keep a longer term prospective and avoid selling when the market is down.
    Oct 10, 2014. 03:42 PM | Likes Like |Link to Comment
  • Data Metrics For The Refinery MLPs - Alon USA Partners LP, CVR Refining LP, Northern Tier Energy LP [View article]
    I am tempted to buy, but continue to hold off.
    Oct 10, 2014. 01:14 PM | 1 Like Like |Link to Comment
  • Data Metrics For The Refinery MLPs - Alon USA Partners LP, CVR Refining LP, Northern Tier Energy LP [View article]
    The EIA publishes daily/weekly/monthly spot price info on the components of the crack spread: http://1.usa.gov/13lMURo

    You can manually put the data in a spreadsheet to calculate a crack spread.
    Oct 9, 2014. 09:24 AM | 1 Like Like |Link to Comment
  • The Linn Energy Upstream MLP Model May No Longer Be Working [View article]
    OK, 2 1/2 years.
    Oct 7, 2014. 09:12 PM | Likes Like |Link to Comment
  • The Linn Energy Upstream MLP Model May No Longer Be Working [View article]
    Two years of losing money is way too long to hold onto a stock.

    I can understand buying in when LINE hit $20 and then selling on the rally, but waiting two years for management to get its act together is asking a lot.
    Oct 7, 2014. 07:44 PM | Likes Like |Link to Comment
  • Data Metrics For The Refinery MLPs - Alon USA Partners LP, CVR Refining LP, Northern Tier Energy LP [View article]
    A positive news piece from here on Seeking Alpha:
    http://seekingalpha.co...
    Oct 7, 2014. 05:30 PM | 1 Like Like |Link to Comment
  • Data Metrics For The Refinery MLPs - Alon USA Partners LP, CVR Refining LP, Northern Tier Energy LP [View article]
    I know that the convenience stores produce little net profit. However, they are a guaranteed market for NTI's fuel production and help the company avoid the RINs expense issue.
    Oct 7, 2014. 05:04 PM | 3 Likes Like |Link to Comment
  • Data Metrics For The Refinery MLPs - Alon USA Partners LP, CVR Refining LP, Northern Tier Energy LP [View article]
    Ralph,

    Thanks for the comment. These variable pay MLPs are very different beasts compared to the midstream sector. I look at midstream as core holdings and these as more of a way to generate big distributions and possible capital gains.
    Oct 7, 2014. 11:42 AM | 1 Like Like |Link to Comment
  • Data Metrics For The Refinery MLPs - Alon USA Partners LP, CVR Refining LP, Northern Tier Energy LP [View article]
    There is the possibility that one or both of the WNR refineries get dropped/transferred to NTI for the LP benefits. Also, NTI owns some midstream assets that could go to WNRL. I think the whole WNR set up is a possible big winner and I am watching the company closely.
    Oct 7, 2014. 09:51 AM | 1 Like Like |Link to Comment
  • Data Metrics For The Refinery MLPs - Alon USA Partners LP, CVR Refining LP, Northern Tier Energy LP [View article]
    Peter, I lean towards NTI, but maybe because I'm from Minnesota. CVRR has done very well with distributions, but the fire will hurt for this quarter. ALDW is more of a turnaround based on oil and gas prices.
    Oct 7, 2014. 09:27 AM | 2 Likes Like |Link to Comment
  • Overvalued Enterprise Products Partners Will Lag Peers For The Next Several Years [View article]
    Higher rates are definitely a concern. Especially for those MLPs that would be forced to borrow at rates that make growth projects less possible.

    OPEC is kind of stuck, they need enough oil revenue to fund their governments, so need to balance production to maintain a relatively high price of oil.
    Oct 6, 2014. 12:25 AM | 1 Like Like |Link to Comment
  • The Linn Energy Upstream MLP Model May No Longer Be Working [View article]
    I don't do short. Just pointing out in a world where 90% of MLPs increase their distributions, Linn has not for over 2 years. As I read somewhere and paraphrase grossly, companies that are not increasing distributions are 9 times more likely to cut the distribution than are companies managing their business well enough to increase the payments to investors.

    This does not mean that I am predicting a Linn distribution cut. In Linn's cash it has gone from a $42 unit value to a $29 value over the last 2 years. Only 2 out 22 upstream LPs have performed worse over the 2 years.
    Oct 6, 2014. 12:09 AM | 1 Like Like |Link to Comment
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