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  • Energy Transfer Is Your Next Long  [View article]
    As indicated by management at their investor day, cap ex in 2016 (which is high) is a spring board for increased revenues to be derived from these expenditures starting in 2017. If management continues to execute well then ETP constitutes a compelling story for the informed.
    Jan 31, 2016. 09:43 AM | 6 Likes Like |Link to Comment
  • Energy Transfer Partners┬áL.P. declares $1.055 dividend  [View news story]
    Excellent planning by management which respects both the realities of the current environment and the interests of the unit holders. Mr. Kinder might enroll for a tutorial with Mr. Warren.
    Jan 27, 2016. 06:01 PM | 4 Likes Like |Link to Comment
  • Debt Analysis: Is Energy Transfer Equity In Dire Straits?  [View article]
    I agree that this announcement reads well and indicates both prudence for the business and respect for the unit holder. Optimism for future growth is maintained without blood letting.
    Jan 27, 2016. 05:55 PM | 3 Likes Like |Link to Comment
  • Energy Transfer Partners: This 15% Yielder Is Not As Risky As It Looks  [View article]
    Early word is that ETE is going forward with the Williams deal as currently constructed with some part of the cash aspect being funded by "lower than expected ETE distributions". No word on impact on other members of the ETE family such as ETP. We soon will know...
    Jan 27, 2016. 03:52 PM | 1 Like Like |Link to Comment
  • Consider Spectra Energy Partners For Its 6.1% Sustained Dividend Yield  [View article]
    Rincon; You stated that SEP is taxed as ordinary income (twice now). As an MLP the vast majority of SEP's distribution is indeed ROC (as is the case with most MLPs) and consequently is not taxed as ordinary income. No need to be a mind reader, just a need to understand the nature and taxation of MLP distributions.
    Jan 27, 2016. 11:44 AM | 1 Like Like |Link to Comment
  • Consider Spectra Energy Partners For Its 6.1% Sustained Dividend Yield  [View article]
    Rincon, in comment, stated " SEP whose distributions are taxed as ordinary income." - this is the "incorrect" I was referring to in my comment above.
    Jan 26, 2016. 10:42 PM | Likes Like |Link to Comment
  • Consider Spectra Energy Partners For Its 6.1% Sustained Dividend Yield  [View article]
    Incorrect. SEP is organized as an MLP, issues K-1s and is taxed as an MLP - far from ordinary income (http://tinyurl.com/h6h...).
    Jan 26, 2016. 08:46 PM | 1 Like Like |Link to Comment
  • Confessions Of A Retired Energy MLP Investor  [View article]
    Reads as a story of despair that may well ring the bell for the bottom for midstream MLPs.
    Long and recently longer EPD, SEP, and MMP.
    Jan 22, 2016. 10:08 AM | 44 Likes Like |Link to Comment
  • Kinder Morgan: I Told Me So!  [View article]
    I also had sold half of my holdings in KMI - and now wish I had sold all - but who knew? I make a point to listen to all conference calls and the last KMI call was pretty optimistic with management restating their confidence in the dividend growth story even if there was to be a little reduction in its magnitude (which Rich Kinder denied several times was a certainty and that "we might be able to make the full 10% growth per year"). So, in a quandary, I followed the Delphic maxim Meden Agan (nothing in excess) and took the middle road. Now, my bottom line is that I cannot trust this management team and accordingly I am out. Their rapid turnaround manifests poor understanding of the entirety of their business risks and was disappointing to say the least. Life is too short and other opportunities to frequent to continue with KMI...You can't win them all even with maximum diligence but it still hurts to lose.
    Dec 9, 2015. 05:12 PM | 8 Likes Like |Link to Comment
  • MLP Meltdown: Perspectives On Energy Transfer Partners And Kinder Morgan Stock  [View article]
    In these MLP times one must have patience, though patience may be despair veiled as a virtue...
    Dec 7, 2015. 09:16 AM | 5 Likes Like |Link to Comment
  • Kinder Morgan, Brookfield Infrastructure to buy pipeline interest for $242M  [View news story]
    BIP is an excellent partner - the old saying about judging "by the company you keep" redounds positively to KMI.
    Nov 30, 2015. 05:55 PM | 7 Likes Like |Link to Comment
  • Equity CEFs: Don't Buy ETB...Buy EOS, ETY Or Just About Any Other Eaton Vance Option-Income Fund  [View instapost]
    Mr. Albo, please continue my CEF education. In evaluating a CEF of the option income variety I am concerned as to the sustainability of the distribution. If the NAV is eroding I understand that the distribution may still be supported by option income but I do not know where to find the specific income amounts for a specific fund to assess whether the income generated by option transactions is adequate to provide support for current distribution levels. For instance, I suspect a need for a defensive CEF is coming soon - ETJ seems to fit the bill. My research shows that ETJ is paying a NAV yield of around 9.76% (as of 11/27/15) but it's NAV growth YTD has been only 3.15% (as of 10/31/2015). Where can I find the fund's income that can make up the shortfall between NAV growth and distribution paid and thus be reassured that the distribution is not about to soon be trimmed? The EV website for this information is not particularly forthcoming or I am missing it. Thanks.
    Nov 30, 2015. 05:51 PM | 3 Likes Like |Link to Comment
  • Can't Go Wrong With Rite-Aid - Cramer's Lightning Round (11/24/15)  [View article]
    FYI re: Cramer

    Nov 25, 2015. 12:02 PM | 1 Like Like |Link to Comment
  • Crude gives up some gains as inventories unexpectedly rise  [View news story]
    The Saudis' strategy for lower price to preserve their market share by driving higher cost producers out of business (independent of possible political motivations) may have underestimated the ingenuity and tenacity of the best shale producers (EOG for example). While the Saudis can pull oil at the lowest cost, their national budgets and social welfare promises can not afford to accept this lowest price for their oil. Their national savings are now being expended to preserve their national harmony in a troubled geography and historical moment - they have at most 5 years until the sovereign wealth savings are gone. Therefore, oil prices will eventually rise - simply a matter of time. Patient, discriminating investors will do very well with acquisition of the best energy names. Some dividend paying pipelines now make the waiting easier (ETP, EPD, SEP, MMP) as they are aggregated with producers and their unit price is irrationally depressed while later, with a possible oil price new low (prob Spring - less heating and driving demand) picking up these high quality producers even further depressed may be a generational opportunity.
    Nov 24, 2015. 06:09 PM | 2 Likes Like |Link to Comment
  • Dreyfus Municipal Income, Inc. declares $0.045 dividend  [View news story]
    And this with a good UNII of .0849. Hard to predict. There are no safe havens...
    Nov 23, 2015. 06:14 PM | 1 Like Like |Link to Comment