Seeking Alpha

Energy Transfer Partners (ETP -5.8%) is the latest of several MLP secondary offerings, and more...

Energy Transfer Partners (ETP -5.8%) is the latest of several MLP secondary offerings, and more are sure to come as pipeline companies expand into areas such as North Dakota, Ohio and Michigan where pipelines are relatively scarce. At least 50 MLPs are involved in pipelines, propane distribution and shipping, and all need to raise capital almost constantly.
Comments (7)
  • cptnron4
    , contributor
    Comments (10) | Send Message
     
    I view this as a huge buying opportunity for a stock headed much higher as the synergy of their aquisitions and drop down assets come together.
    28 Jun 2012, 11:55 AM Reply Like
  • horsey
    , contributor
    Comments (3) | Send Message
     
    retired. held ETP FOR ALMOST 20 YEARS. HARD TO SELL NO BASIS. LARGE GAIN. ADVISE.
    28 Jun 2012, 01:20 PM Reply Like
  • noreen1
    , contributor
    Comment (1) | Send Message
     
    If the MLP's are on the road to as you have stated to expanding
    and are a "ggod buy", why then have they all plunged? Especially, BLP, and ETP?
    28 Jun 2012, 01:26 PM Reply Like
  • jklk0429
    , contributor
    Comments (171) | Send Message
     
    BLP?
    28 Jun 2012, 01:32 PM Reply Like
  • fi-slut
    , contributor
    Comments (83) | Send Message
     
    Buckeye Partners Limited
    29 Jun 2012, 05:09 PM Reply Like
  • gtbfl
    , contributor
    Comments (4) | Send Message
     
    I don't know why anyone is surprised by this move , as they have been diluting the shares like clockwork , for years , and as recently as a month ago the CEO was on Cramer and intimated it would be happening again. I think a more interesting question is why the stock popped over 3% the day before - anyone think the underwriters were manipulating the stock above the secondary price ? Think birds can fly ?
    28 Jun 2012, 02:29 PM Reply Like
  • Cincinnatus
    , contributor
    Comments (3185) | Send Message
     
    It's only real dilution if the financing doesn't result in distributable cash flow growth. The nature of MLPs is they do these offerings from time-to-time - it's not specific to ETP.

     

    The price and volume move yesterday certainly bears scrutiny. Somebody was trading on this info before it became public.
    28 Jun 2012, 08:58 PM Reply Like
DJIA (DIA) S&P 500 (SPY)