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$BX

Blackstone May Cash Out From This Tropical Island Paradise | Bloomberg

Blackstone Group LP may cash out from the Maldives, the tropical island chain known for its white-sand beaches and turquoise seascapes.

The buyout firm is exploring options for seaplane operator Trans Maldivian Airways Pvt, including a possible sale, after receiving takeover interest in the company, according to people with knowledge of the matter. Blackstone is working with a financial adviser to gauge interest from potential suitors for Trans Maldivian, which carries visitors from the country’s international airport to their luxury resorts on other islands, the people said.

A deal could be valued at at least $1 billion, the people said, asking not to be identified because the deliberations are confidential.

Blackstone May Cash Out From This Tropical Island Paradise


HDO TOP TEN

Gainers crushed losers 2 to 1


Extrapolate This! Dow, S&P 500 Rise on Strong Data, Trump Tax talk

www.barrons.com

Extrapolate This! Dow, S&P 500 Rise on Strong Data, Trump Tax talk

Stocks finished higher today as economic data came in strong and the president...


Hang Sen index makes new high


HDO AFTER HOURS

$AMZA 5 Day chart

MLPQ

Here's an interesting article on the current price range of crude oil and comparing it to 2015 price of crude oil! Using Crude Oil's Mean Reversion To Spot The Next Uptrend Using Crude Oil's Mean Reversion To Spot The Next Uptrend Summary

In watching the news, we've all been bombarded with reports of crude oil's current bearish trend.

But what if I told you that for all the negative news, crude oil has simply reverted back to the mean that has been in place since 2015?

In this article, we'll analyze the mean reversion of crude oil prices and corroborate its significance with a leading momentum indicator.

By monitoring both crude's mean reversion price and momentum, investors can spot trends in the market more effectively.

seekingalpha.com

Using Crude Oil's Mean Reversion To Spot The Next Uptrend

In watching the news, we've all been bombarded with reports of crude oil



$SKT - Ignore Concerns About Insider Selling, Keep Buying Tanger

seekingalpha.com

Ignore Concerns About Insider Selling, Keep Buying Tanger

The CEO of SKT has ditched a substantial amount of common shares...



$ETP

Buy Energy Transfer Partners For Its 12% Yield And To Play America's Pipeline Renaissance | Forbes

According to the most recent data jointly produced by the Association of Oil Pipelines and the American Petroleum Institute, the U.S has 72,400 miles of crude oil pipelines in operation, a 29% increase from the level in 2010 and 67,5000 miles of natural gas liquids pipelines in operation, a 15% increase since 2010.

I'm focusing this article on ETP not because they finally won approval for DAPL due to (or perhaps in spite of) Mr. Warren's PR efforts, but rather because ETP's yield is ridiculously high, even for a Master Limited Partnership.

The investment thesis behind ETP is that a period of heavy capital expenditure is coming to an end, and as the company begins to flow hydrocarbons through the pipe it is building, ETP's distribution coverage will increase from the most recent quarter's level of 1.18x.  That's a reasonable theory, but ETP desperately needs its Mariner East, Permian Express, Bayou Bridge and Rover projects to come onstream on-time and on-budget.  ETP reached an agreement to sell down its interest in Rover to Blackstone, but still will operate the project and control a 32.5% stake.

At a yield of 11.6% I believe the rewards outweigh the risk, and I have been adding ETP selectively to my clients' portfolios.

Buy Energy Transfer Partners For Its 12% Yield And To Play America's Pipeline Renaissance


Irma, gulf disturbance, and another Atlantic disturbance info, not that we need more 'disturbing'. Center of Irma cone looks to be Fla. 

https://pbs.twimg.com/media/DIlDqTxXUAAzyB7.jpg


Gold Bull awarded to $MLPQ for being up over 5%

Song for the good times ...
Seasons In The Sun - Terry Jacks 1974
YouTube
Kahkeshan Sard
Seasons In The Sun - Terry Jacks 1974
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YouTube
TheVIDEO BEATdotCOM
The Happenings - See You In September - 1966

SITUATION REPORT September 1, 2017
COLONIAL PIPELINE
• Colonial’s gasoline Line 1 and distillate Line 2 (combined capacity: 2.5 million b/d) continue to operate intermittently from Lake Charles east to Greensboro, NC and are dependent on terminal and refinery supply. The lines remain down from Colonial’s Houston and Hebert area origins.
• Facility updates include:
• Pasadena: flood waters have receded. Assessments ongoing.
•Houston Station: flood waters have. Initial inspections complete.
• Cedar Bayou: Personnel were able to reach the station 8/31, but more than 6’ of water
still surrounds the area. Preliminary assessments have begun.
• Shiloh Booster Station: Crews reached the station on the morning of 8/31 and began
assessments. Waters have receded and the station is dry; commercial power restored.
• Aerial overflights were conducted 8/31 from Hebert to Houston and no indications of integrity
issues were reported. Colonial employees are attempting to map out accessible routes in affected areas to reach additional facilities. Many roads (including Interstate I-10) remained closed in Louisiana and parts of Texas.
• DOE ESF #12 is working with local authorities to facilitate access for Colonial restoration crews to reach facilities to restore the lines.
• Colonial currently estimates that it will be able to return to service from Houston Sunday, September 3, following an evaluation of its infrastructure and successful.
• Shipments on downstream lines, including multi-product Lines 3 and 4 from Greensboro, NC to the U.S. Northeast, are also impacted.
• Following the receipt of EPA and state waivers of RVP and some reformulated gasoline requirements, Colonial began accepting winter grade (11.5 RVP) conventional gasoline into its pipeline system 8/31 and will begin commingling 7.8, 9.0, and 11.5 RVP grades.
• DOE remains in daily contact with Colonial regarding updates, and is working with local jurisdictions through FEMA to facilitate access to sites to expedite restoration.
https://energy.gov/sites/prod/files/2017/09/f36/Hurricane%20Harvey%20Event%20Summary%20%2313.pdf


$CEFL

Get 16.8% Dividend Yield, And Diversify Some ETN Interest Risk | Seeking Alpha

"I am still cautiously bullish on CEFL despite the price increases over the past year. CEFL is one of the few instruments that provide a very high yield and some ability to benefit from a rising stock market."

When choosing between CEFL, BDCL and MORL. There are a number of considerations. Even though, the average discount to book value for the closed-end funds in the index upon which CEFL is based on has declined from earlier extreme levels, it still is significant. As discussed in MORL's 19.9% Dividend Yield Has Produced Triple Digit Total Returns, But New Risks Have Arisen the average discount to book value for the mREITs in the index upon which MORL is based on, has recently declined so much that it has now disappeared and has turned into a premium. Thus, in terms of relative value as measured by average discount to book value for the components in the index, CEFL looks better than MORL. The discounts to book value are not available on a timely basis for BDCL.

"Disclosure: I am/we are long CEFL."

Get 16.8% Dividend Yield, And Diversify Some ETN Interest Risk


The BULL is global except for the Russian BEAR

ASIA RISING

HONG KONG


MATERIALS AND ENERGY PICKING UP

Tankers waiting to load crude at Magellan Midstream tank farm


% HEALTHCARE COSTS BY COUNTRY


The chart shows that growth in the working-age population has been a leading indicator of nominal GDP for decades.



THAILAND




INCOME DISPARITY


*FRIDAY NIGHT AT THE MOVIES*

_produced by Ciovacco Capital_
Stocks: Demographic Boom or Bust?

Are Demographic Trends an Ally or Enemy of Stock Market Bulls?

YouTube
CiovaccoCapital
Stocks: Demographic Boom or Bust?



NUMBER OF WORKING AGE CITIZENS SUPPORTING ONE ELDERLY CITIZEN


DEVELOPED AND DEVELOPING COUNTRIES BY AGE GROUP



$ARI

High-Yield CRE Stock Yields 10.3%, Dividend Upside, Discount From BV | Seeking Alpha

Apollo Commercial Real Estate Finance has seen its portfolio grow at a fast clip in the last six years as demand for first mortgage loan originations from non-banks increased. In lockstep, Apollo’s returns on equity capital have steadily improved, a reflection of growing CRE transaction volumes and strong demand from private equity funds.

Apollo Commercial Real Estate Finance is first and foremost a bet on higher interest rates. The company’s positive operating earnings sensitivity could do two things for shareholders: 1. Trigger a dividend raise in the not too distant future, and 2. Cause the shares to trade at a higher multiple. Both events depend on a stable CRE market performance and the Federal Reserve continuing to raise rates. Buy for income and capital appreciation.

High-Yield CRE Stock Yields 10.3%, Dividend Upside, Discount From BV



Check out this $1 million bet Warren Buffett looks about to win

on.mktw.net

Check out this $1 million bet Warren Buffett looks about to win

Learn the right lesson from a bet against hedge funds, writes Mark Hulbert.


Citi Research's gauge on Friday turned the least negative since early May as unexpectedly strong data on domestic manufacturing offset weaker-than-forecast readings on non-farm payrolls and consumer sentiment.

The Citi barometer , a measure of economic data that can come in weaker or stronger than forecast, is monitored by traders for the U.S. growth trajectory. It came in at -18.2 on Friday, matching a level last seen on May 5. It stood at -23.1 on Thursday. Citi's U.S. economic surprise index least negative since May

www.investing.com

U.S. economy shows resilience with fewer negative surprises


What slowdown? Factories chug along as global demand holds up

www.investing.com

What slowdown? Factories chug along as global demand holds up

What slowdown? Factories chug along as global demand holds up


America's Manufacturers And Builders Are On a Tear

www.bloomberg.com

America's Manufacturers and Builders Are On a Tear

America’s manufacturers are showing signs of fabricating some genuine momentum.


Energy Transfer Announces Operational Update Related to Hurricane Harvey

Reports Overall Minimal Impact to Operations

DALLAS--(BUSINESS WIRE)--Sep. 1, 2017-- Energy Transfer Partners (NYSE: ETP) announced today that based on an initial assessment, it has determined that the overall impact to its operations in the Houston area and along the Gulf Coast from Hurricane Harvey has been minimal, and that all of its employees are safe and accounted for.

Energy Transfer has dedicated approximately one thousand employees to its emergency response team to manage the operational challenges presented by Hurricane Harvey. This dedicated team, many of whom are facing personal losses and hardships because of the hurricane, has gone beyond the call of duty to expertly manage Energy Transfer’s operations during this catastrophic event.

Below is an assessment of Energy Transfer’s current operations by operating segment:

Crude Segment

Energy Transfer’s crude operations continue with minimal interruptions; however, takeaway capacity is constrained based on ship channel closure and refinery capabilities. The Nederland, Texas facility continues to leverage its storage capacity; however, deliveries are being managed to maximize the system. Bayou Bridge and Dakota Access pipelines are fully operational and delivering product. Energy Transfer’s terminal and trucking operations are coming back up to full operations as flood waters recede.

Natural Gas/Natural Gas Liquids

Energy Transfer’s extensive natural gas pipeline system throughout Texas is operational and undamaged. Systems are now operating near full capacity with volumes returning out of the Eagle Ford Shale. Energy Transfer did experience some interruption in its natural gas liquids service earlier in the week due to limited takeaway capacity and constraints at Mont Belvieu.

Refined Products

Energy Transfer’s Mont Belvieu, Texas facility is fully functional including its ability to export products; however, only two of the four fractionators are operating due to constrained takeaway capacity and the shut in of all ship and barge operations at this time. All other refined products marketing terminals in Texas and Louisiana are open with the exception of the Hebert Terminal; however, inventories are low. The Hebert Pump Station is expected to restart by Sunday, September 3, 2017.


Nice chart showing growing difference between EIA estimated production based on rig counts and actual reported production on the lagging monthlies.


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