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  • Does Anyone Believe Saudi Arabia Now Wants To Play Nice With Competitors? [View article]
    I believe the Suadi thesis is all about net income to the Kingdom ber bbl. Holding onto market share seems fruitless when OPEC is for all intents and purposes non existent . If the U.S. And Russia are not part of OPEC then there is no OPEC anymore . That said , Saudis are depleting their reserves and bringing less net cash in the front door. IMO they have lost the U.S. As a customer and have elected to replace that demand with Chinese customers . They have accomplished their intentions and will now stay focused on serving their customers best interests while protecting their margins , which means higher oil prices . Just like Exxon does !
    Nov 26, 2015. 10:45 AM | 1 Like Like |Link to Comment
  • Chesapeake Energy Haunted By A Bad Deal, Bankruptcy Looms? [View article]
    Interesting to me that Icahn has followed his thesis from CHK into LNG . Now as world events have changed no one wants Russian gas anymore . Gazprom is not going to hold Europe or Asia hostage . American nat gas will fill the void and do it profitably and Icahn is spot on . Jim Chanos opined that LNG was over built . I doubt it now that Russia has plopped its military assets into the center of the chaos in the Middle East. BG and LNG are signing long term contracts to provide LNG throughout Europe and Asia . ETE Lake Charles will produce LNG at even lower costs . 2016 will be a tough year in energy but long term prospects look bright as exports ramp up quickly . My contention all along is that Putin wants higher energy prices and could care less about suffering in the Middle East or Syria and its political quagmire . Obama in the meantime has released up to 20% of the U.S. SPR to keep oil prices LOWER for longer . The result is the end of OPEC and Russian oil domination . Enter North America exports to the rescue ! Thus end the lesson ...and why Mr Icahn might be pretty smart guy after all !
    Nov 25, 2015. 08:35 PM | 2 Likes Like |Link to Comment
  • Energy Transfer's Holistic Gambit: Analyst Day Part II [View article]
    Turkey and Western Europe get 60% or more of their nat gas from Russia. That is going to change fast . The U.S. nat gas export thesis seemed flawed especially after reading Jim Chanos short strategy. That is all changed now . Maybe Carl Icahn was the wiser investor . Lake Charles just jumped onto the front burner again !I am Keeping my large ETE position , too late to sell now and cash flows will only improve
    Nov 24, 2015. 11:44 AM | 5 Likes Like |Link to Comment
  • From The Horse's Mouth: Inside Energy Transfer's Analyst Day [View article]
    Folks, the first blue chip MLP that cuts or eliminates its dividend will be catastrophic
    Plains is most vulnerable but has great management willing to sell assets, cut capex and conserve capital . High yields are completely justified in my opinion for now . Across the board , every oil and gas producer is scrambling to preserves cash flow and time is not on their side. Refined products MLP like MMP and BPL are going to thrive . CLMT is my best performer and getting stronger each quarter . It may be too late to sell but things will be a lot worse if KMI cuts its distribution . Imagine if KMI had not rolled up its MLP's ...its unit prices would be down 70% plus . Food for thought .
    Nov 24, 2015. 10:49 AM | 4 Likes Like |Link to Comment
  • How High Can Kinder Morgan's Dividend Go? [View article]
    The article should be titled : "it's too late to sell !" Kinder Morgan is a dog right now.please don't sugar coat it ...
    Nov 22, 2015. 10:48 AM | 3 Likes Like |Link to Comment
  • Don't Be Fooled By Teekay's Yield [View article]
    MLP model has enjoyed a long run with easy access to capital markets . That isn't the case any longer
    Any bad moves by management and the stock will be creamed . High yield = high risk. Navios lost 70% of its value in 15 days and then cut their distribution to boot . TGP is gambling , fortunately i have reduced my stake so I am using the houses money .
    Nov 22, 2015. 10:38 AM | Likes Like |Link to Comment
  • SunEdison: The Market Has Got The Earnings Wrong [View article]
    If Blackstone doesn't back up their debt it's all over . It's basically liquidation mode for SUNE . I REALLY wanted the business model to thrive . Who knows ,,,maybe Exxon will back up their debt and take control , that would be front page news all over the planet. Exxon diversifies into solar and wind . Wow
    Nov 19, 2015. 12:36 AM | Likes Like |Link to Comment
  • MarkWest says ISS recommends investors vote for deal with MPLX [View news story]
    I voted for the merger when cash went over $6 . Not thrilled with IDR'S but there are worse GP's than Marathon . There will be lots more consolidation in the space . The large caps with good balance sheets will survive and thrive .
    Nov 19, 2015. 12:17 AM | 2 Likes Like |Link to Comment
  • Kinder Morgan: Don't Be Fooled By The Smoke And Mirrors Routine [View article]
    The U.S. government is releasing 20% of the SPR onto the domestic market . Assuring that OPEC will not be forcing any crude onto our shores . Canada will sell crude at $25 if they have to . OPEC is Ineffective and loosing capital reserves quickly while depleting their cash reserves . Their GDP is more highly leveraged to oil than ours. Russia and OPEC will eventually realize that "less is more" and will cut back on production . After all, despots eventually only care about the bottom line too it just takes them longer to capitulate . After all profit motivates them as well.
    Nov 18, 2015. 08:40 PM | 1 Like Like |Link to Comment
  • Plains All American Pipeline: Is The 10% Distribution Yield Sustainable? [View article]
    excellent article . too late for me to sell PAGP. I believe PAA will buy out its general partner. 2016 will be a transitional year . I think their management is excellent and i love listening to their conference calls because I learn so much about the oil industry -oversold imo
    Nov 18, 2015. 05:31 PM | 1 Like Like |Link to Comment
  • MLPs Pass Stall Test Ahead Of Earnings [View article]
    I enjoy listening to the MMLP conference calls very much. Ruben doesn't sugar coat anything and tells it like it is. I think that his candor is refreshing. Rich Kinder should invite Ruben onto his board, he could learn a great deal about being candid with his equity partners . I have stayed long with Martin through thick and thin and have not been disappointed in the least. Long MMLP
    Nov 18, 2015. 10:59 AM | 1 Like Like |Link to Comment
  • Kinder Morgan: Don't Be Fooled By The Smoke And Mirrors Routine [View article]
    listen to Greg Armstrong at Plains All American if you want the truth about pipelines
    There is excess capacity and declining production everywhere in N America . Not dire circumstances but certainly diminished cash flows for the next couple years .
    KMI should be talking about selling assets and cutting costs , reducing capex and stop this nonsense about the damn distribution . Then the stock will at least stop going down . Remember Enron Rich ? Business is not always "peaches and cream" .
    Freeze the distribution now and sell assets , and cut capex .
    Nov 18, 2015. 09:49 AM | 10 Likes Like |Link to Comment
  • What Lies Beneath? Exposing Investment Risk In MLPs With Deep Intelligence [View article]
    Excess capacity and diminished margins are obvious and the MLP model has been eviceratted . The bottom is near and the tide has gone out . We will see what lies beneath the tide , I believe some real bargains will emerge as the kaos subsides .
    BWP is NOT one I would consider . MMP, GEL, ETE and EPD are very over sold and under owned IMO .
    Nov 16, 2015. 08:33 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan Is Nothing Special [View article]
    Blah blah blah ! It's a crappy market and way too late to sell . This too shall pass !
    Nov 13, 2015. 12:45 AM | 1 Like Like |Link to Comment
  • My Open Letter To The Board Of Directors Opposing The MarkWest/MPLX Merger [View article]
    Voted - Yes 15000 shares . Do you really think consolidation is not coming in the MLP midstream business ? Think again. Management made the right call . Have you checked the price of nat gas lately ? WMB , KMI , NGLS all in consolidation "mode" the wagons
    Nov 12, 2015. 12:22 AM | 1 Like Like |Link to Comment