Mike Maher's Comments Mike Maher's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/730330/comments An opinion piece titled "The Other Government Motors" from the WSJ isn't too subtle about taking apart the Q1 profit Tesla Motors (TSLA +1.4%) reported as it hitched a free ride with U.S. taxpayers. The zero-emission tax credits Tesla can sell to other automakers and the generous $7.5K federal tax credits to motivate buyers are the big two complaints. But what isn't entirely clear is why other car companies selling EVs aren't lumped into the same discourse? http://seekingalpha.com/currents/post/1046071?source=feed#comment-19207891 19207891 Fri, 24 May 2013 11:13:32 -0400 Kinder Morgan says it could eventually simplify its complex gaggle of companies, even though "we like having the two MLPs out there to accelerate dropdowns," CFO Kimberly Dang says. The dropdowns will wrap up next year, and a combination would have to "make economic sense. If the economics don’t work... we have no issue running two MLPs. [It] is not a huge administrative burden.” http://seekingalpha.com/currents/post/1044711?source=feed#comment-19191571 19191571 Thu, 23 May 2013 23:14:44 -0400 Kinder Morgan says it could eventually simplify its complex gaggle of companies, even though "we like having the two MLPs out there to accelerate dropdowns," CFO Kimberly Dang says. The dropdowns will wrap up next year, and a combination would have to "make economic sense. If the economics don’t work... we have no issue running two MLPs. [It] is not a huge administrative burden.” http://seekingalpha.com/currents/post/1044711?source=feed#comment-19183251 19183251 Thu, 23 May 2013 18:04:13 -0400 Breaking Down The Alerian Index Round II: Kinder Morgan Energy Partners http://seekingalpha.com/article/1451691/comments?source=feed#comment-19183201 19183201
You dont really need to quote my comments and repost them, since everyone can read them, especially if you are only going to try to quote parts that make me sound incorrect. Maybe I should quote where you say that they will keep EPB public in order to raise money?]]> Thu, 23 May 2013 18:02:17 -0400
You dont really need to quote my comments and repost them, since everyone can read them, especially if you are only going to try to quote parts that make me sound incorrect. Maybe I should quote where you say that they will keep EPB public in order to raise money?]]> Breaking Down The Alerian Index Round II: Kinder Morgan Energy Partners http://seekingalpha.com/article/1451691/comments?source=feed#comment-19179181 19179181 http://on.barrons.com/...]]> Thu, 23 May 2013 16:25:51 -0400 http://on.barrons.com/...]]> Breaking Down The Alerian Index Round II: Kinder Morgan Energy Partners http://seekingalpha.com/article/1451691/comments?source=feed#comment-19179051 19179051 Thu, 23 May 2013 16:24:11 -0400 Halcon Resources (HK -9.4%) falls sharply midday as investors don't seem impressed with an operational update the company provided regarding its acreage in the Utica/Point Pleasant play. Updates were given on the Philips 1H, the Allam 1H, the Brugler 1H, the Yoder 2H, and the Kibler 1H wells. The company says the delineation process will be substantially complete by Q4. (PR) http://seekingalpha.com/currents/post/1043851?source=feed#comment-19174851 19174851 Thu, 23 May 2013 14:57:24 -0400 The NYSE rules to let stand all trades in American Electric Power (AEP -1%) and NextEra Energy (NEE -1.2%) but prices for certain "aberrant" trades will be excluded from the high and low prices in data feeds. There were hundreds of trades early this morning in AEP at or below $46.03 and in NEE at or below $76.19, more than 50% below yesterday's closing prices. http://seekingalpha.com/currents/post/1044011?source=feed#comment-19172561 19172561 Thu, 23 May 2013 14:15:42 -0400 Trading is temporarily halted in NextEra Energy (NEE) and American Electric Power (AEP) after early trades printed as low as $30.37 and $22.28, respectively. Yesterday's respective closing prices were $79.16 and $48.59. http://seekingalpha.com/currents/post/1043221?source=feed#comment-19172241 19172241 Thu, 23 May 2013 14:10:53 -0400 The NYSE rules to let stand all trades in American Electric Power (AEP -1%) and NextEra Energy (NEE -1.2%) but prices for certain "aberrant" trades will be excluded from the high and low prices in data feeds. There were hundreds of trades early this morning in AEP at or below $46.03 and in NEE at or below $76.19, more than 50% below yesterday's closing prices. http://seekingalpha.com/currents/post/1044011?source=feed#comment-19172131 19172131
Also the prices given in this current are not correct fyi.]]> Thu, 23 May 2013 14:07:48 -0400
Also the prices given in this current are not correct fyi.]]> Halcon Resources (HK -9.4%) falls sharply midday as investors don't seem impressed with an operational update the company provided regarding its acreage in the Utica/Point Pleasant play. Updates were given on the Philips 1H, the Allam 1H, the Brugler 1H, the Yoder 2H, and the Kibler 1H wells. The company says the delineation process will be substantially complete by Q4. (PR) http://seekingalpha.com/currents/post/1043851?source=feed#comment-19169941 19169941 Thu, 23 May 2013 13:16:15 -0400 Silver Bay Realty Trust: A Disaster Waiting To Happen http://seekingalpha.com/article/1449201/comments?source=feed#comment-19155131 19155131 Thu, 23 May 2013 08:16:16 -0400 Silver Bay Realty Trust: A Disaster Waiting To Happen http://seekingalpha.com/article/1449201/comments?source=feed#comment-19147801 19147801 Wed, 22 May 2013 23:16:25 -0400 Credit Suisse stresses a more defensive posture in MLPs, focusing attention on large, relatively liquid, investment-grade MLPs or affiliates with exposure to the coming crude oil production boom in North America. Its eight favorite MLPs to buy now: WMB, QRE, LNG, TRGP, CQP, XTEX, ACMP, GEL. http://seekingalpha.com/currents/post/1041351?source=feed#comment-19139951 19139951 Wed, 22 May 2013 18:26:34 -0400 If you harbor doubts about the sharp rise of energy MLPs, you don’t have many short sellers on your side. Fewer than 1% of the shares of MLP constituents of the Alerian index (AMJ) are out on loan. Low short interest may have less to do with a lack of negative opinion than with the nature of who owns MLPs, but it’s a notable feature since it should mean a classic short squeeze isn’t possible. http://seekingalpha.com/currents/post/1039261?source=feed#comment-19139461 19139461 Wed, 22 May 2013 18:17:47 -0400 On the repayment of its government loan, Tesla (TSLA) takes the opportunity in its press release to lob a few jibes at its competitors stating: "Following this payment, Tesla will be the only American car company to have fully repaid the government." Both General Motors (GM) and Chrysler still have outstanding balances remaining with the U.S. Treasury. http://seekingalpha.com/currents/post/1041821?source=feed#comment-19139001 19139001 Wed, 22 May 2013 18:09:55 -0400 A theme bubbling up at the start of the annual MLP conference (where attendance is up 38% Y/Y): the largely retail ownership of MLPs is slowly shifting as more institutions get interested in MLPs. Individuals tend to be unwilling to sell MLPs as the deferred tax burden rises, and more institutional ownership could fuel more trading or short-short selling in MLPs. http://seekingalpha.com/currents/post/1041971?source=feed#comment-19138991 19138991 Wed, 22 May 2013 18:09:09 -0400 If you harbor doubts about the sharp rise of energy MLPs, you don’t have many short sellers on your side. Fewer than 1% of the shares of MLP constituents of the Alerian index (AMJ) are out on loan. Low short interest may have less to do with a lack of negative opinion than with the nature of who owns MLPs, but it’s a notable feature since it should mean a classic short squeeze isn’t possible. http://seekingalpha.com/currents/post/1039261?source=feed#comment-19138891 19138891 Wed, 22 May 2013 18:06:42 -0400 Breaking Down The Alerian Index Round II: Kinder Morgan Energy Partners http://seekingalpha.com/article/1451691/comments?source=feed#comment-19138351 19138351 Wed, 22 May 2013 17:52:41 -0400 Why Kinder Morgan Is The Best MLP http://seekingalpha.com/article/1450601/comments?source=feed#comment-19108851 19108851 http://1.usa.gov/11TuHoG]]> Wed, 22 May 2013 08:15:21 -0400 http://1.usa.gov/11TuHoG]]> Why Kinder Morgan Is The Best MLP http://seekingalpha.com/article/1450601/comments?source=feed#comment-19103321 19103321 Wed, 22 May 2013 00:44:45 -0400 Breaking Down The Alerian Index Round II: Kinder Morgan Energy Partners http://seekingalpha.com/article/1451691/comments?source=feed#comment-19103301 19103301 Wed, 22 May 2013 00:44:04 -0400 Breaking Down The Alerian Index Round II: Kinder Morgan Energy Partners http://seekingalpha.com/article/1451691/comments?source=feed#comment-19101871 19101871
Copano is 10 cents a year, according to the company, not 10, then 20 and so on.

You are correct that KMR has shares, but the company refers to the distributions on a per unit basis, so I kept that term.

I don't know how, as an investor, you can say buying because of a discount does not make any sense, but I'll ignore that. I'd imagine that the reason management buys KMR, and that they highlight the fact it trades at a discount in every presentation they have made in the last 3 years, is that the more people that are in KMR, the less cash that goes out the door. So they highlight the discount, make investors feel like they're getting a deal (which they are) and it benefits the company. However the vast majority of people own MLPs for income, KMR does not allow you the choice of income, and instead you need to sell if you want cash. Yes, you could sell the shares each quarter, or you could simply own KMP, and either reinvest or take the cash, without having to make a transaction each quarter.

On an aside, the Warren Buffet argument doesn't fully make sense discussing MLPs, since Buffet argues against paying out cash to shareholders, and MLPs are designed to pay out cash to unit holders. I understand that by investing in KMR you allow the company to continue to fund itself, but both KMP and KMI are yield instruments, and their goal is to grow distributions.]]> Tue, 21 May 2013 23:56:12 -0400
Copano is 10 cents a year, according to the company, not 10, then 20 and so on.

You are correct that KMR has shares, but the company refers to the distributions on a per unit basis, so I kept that term.

I don't know how, as an investor, you can say buying because of a discount does not make any sense, but I'll ignore that. I'd imagine that the reason management buys KMR, and that they highlight the fact it trades at a discount in every presentation they have made in the last 3 years, is that the more people that are in KMR, the less cash that goes out the door. So they highlight the discount, make investors feel like they're getting a deal (which they are) and it benefits the company. However the vast majority of people own MLPs for income, KMR does not allow you the choice of income, and instead you need to sell if you want cash. Yes, you could sell the shares each quarter, or you could simply own KMP, and either reinvest or take the cash, without having to make a transaction each quarter.

On an aside, the Warren Buffet argument doesn't fully make sense discussing MLPs, since Buffet argues against paying out cash to shareholders, and MLPs are designed to pay out cash to unit holders. I understand that by investing in KMR you allow the company to continue to fund itself, but both KMP and KMI are yield instruments, and their goal is to grow distributions.]]> Breaking Down The Alerian Index Round II: Enterprise Product Partners http://seekingalpha.com/article/1447481/comments?source=feed#comment-19097621 19097621 Tue, 21 May 2013 21:12:27 -0400 If you harbor doubts about the sharp rise of energy MLPs, you don’t have many short sellers on your side. Fewer than 1% of the shares of MLP constituents of the Alerian index (AMJ) are out on loan. Low short interest may have less to do with a lack of negative opinion than with the nature of who owns MLPs, but it’s a notable feature since it should mean a classic short squeeze isn’t possible. http://seekingalpha.com/currents/post/1039261?source=feed#comment-19097561 19097561 Tue, 21 May 2013 21:10:56 -0400 Why Kinder Morgan Is The Best MLP http://seekingalpha.com/article/1450601/comments?source=feed#comment-19097501 19097501 Tue, 21 May 2013 21:06:29 -0400 Breaking Down The Alerian Index Round II: Kinder Morgan Energy Partners http://seekingalpha.com/article/1451691/comments?source=feed#comment-19097371 19097371 Tue, 21 May 2013 21:02:31 -0400 Why Kinder Morgan Is The Best MLP http://seekingalpha.com/article/1450601/comments?source=feed#comment-19088901 19088901 Tue, 21 May 2013 16:42:15 -0400 Shares of Pacific Ethanol (PEIX +20.2%) and BioFuel Energy (BIOF +11.5%) surge after the most recent EIA supply report shows ethanol stockpiles at 16.4M barrels in the week ended May 10, the lowest level since Dec. 2010. Production of ethanol also is at below-average levels for this time of year, Bloomberg data shows. http://seekingalpha.com/currents/post/1038631?source=feed#comment-19086951 19086951 Tue, 21 May 2013 16:03:09 -0400 Tim Cook (AAPL) testifies at a Senate hearing on corporate offshore taxes. "We don't depend on tax gimmicks," Cook asserts, while pushing for a big overhaul of U.S. corporate tax code. "Apple has always believed in the simple, not the complex." Sen. John McCain isn't satisfied with Apple's defenses, claiming the company "has violated the spirit of the law if not the letter of the law." Sen. Rand Paul has strongly defended Apple. "Congress should be on trial here for creating a byzantine tax code." (previous) http://seekingalpha.com/currents/post/1037911?source=feed#comment-19075971 19075971 Tue, 21 May 2013 12:26:57 -0400