Crestwood Equity Partners LP (CEQP)

[Pennies_Envy]

Holy crap!!!

[TruckingAngler]

Well here’s a sure pick ch11...
No way to survive oil under $20 per barrel

[Pennies_Envy]

I think so... if oil price can improve CEQP could correct quickly to the upside. All in my opinion.

[TruckingAngler]

Lot of end of day dumping?
I saw no CEQP update/news...
Anyone see anything new today ?

[TruckingAngler]

Very low volume taking CEQP in big leaps... Maybe back as quick?

[jugs]

Sorry but I've been out of it for too long to be of value .

However, cheap shouldn't equate with compelling reasons to take a position.

Good luck !

[Pennies_Envy]

Thoughts on CEQP at these levels jugs? Seems like a good price

[TruckingAngler]

But more today ?....
Ugh

[TruckingAngler]

Ugh ! Worse than Oce!

[InnVest]

Agree! Bought some
More today!

[Pennies_Envy]

May be a good buy at this price. This was an overreaction today

[TruckingAngler]

Still like CEQP today?

[Truthandmovement1990]

12% divy and trading at lows AND growing revs each quarter!? simply irresistible

LONG CEQP

[bar1080]

SA: "Chesapeake's woes bad news for related MLPs - Barron's"

Nov. 6, 2019 6:43 PM ET

* Yesterday was bad for Chesapeake Energy (NYSE:CHK) shares following the company's Q3 earnings miss and "going concern" warning, and today was even worse - and it was bad for the pipeline companies who carry its oil and gas, says Ben Levinsohn at Barron's.

* According to Mizuho analyst Paul Sankey, the "scary new language from Chesapeake... on concerns of the knock on transport effect of CHK's contracted positions" was a reason the Alerian MLP ETF (NYSEARCA:AMLP) fell 1.2% today.

* MLPs most at risk include Crestwood Equity Partners (NYSE:CEQP) and Williams (NYSE:WMB), say East Daley Capital's Ryan Smith and Zack Van Everen, estimating CHK's reduced drilling could knock $120M off CEQP's adjusted EBITDA in FY 2023 while WMB could see above-market rates get knocked to normal levels, which could take a $140M bite out of earnings.

* Energy Transfer (NYSE:ET), Kinder Morgan (NYSE:KMI) and Plains All American Pipeline (NYSE:PAA) also have exposure to CHK, Smith and Van Everen write, though it is much smaller.

In today's trade: CHK -29.1%, CEQP -5.5%, WMB -3.1%, ET -3.2%, KMI -1.5%, PAA -0.6%"

https://seekingalpha.com/news/3516056-chesapeakes-woes-also-bad-news-related-mlps-barrons

[jugs]

Hard to say...

I don't do options myself but given that we know Crestwood moves somewhat in synch with petrol demand---and we are moving towards key months of the Wintry year--- you may be very smart!

Good fortune to you!

[DrHarleyboy]

I bought some 15 Nov $40 calls, I wonder if they'll play out.

[DrHarleyboy]

Just an unbelievably solid company.

[jugs]

Always great waking up to fine news, isn't it?

Interestingly, some media jerks out there continually put Crestwood down without comprehending things happening within the company and its specific goals.

I guess it's not our problem as committed unitholders. Still, the willful attempts to mislead others disturb me.

So much, then, for cruelties common in an unfair world.

[DrHarleyboy]

Third Quarter 2019 Highlights

Third quarter 2019 net income of $33.6 million, compared to a net loss of $5.2 million in third quarter 2018
Third quarter 2019 Adjusted EBITDA of $140.9 million, an increase of 39% compared to $101.4 million in the third quarter 2018
Third quarter 2019 distributable cash flow (“DCF”) to common unitholders of $82.5 million; The third quarter 2019 coverage ratio was approximately 1.9x
Ended third quarter 2019 with approximately $2.3 billion in total debt and a 4.2x leverage ratio; Crestwood has substantial liquidity available under its $1.25 billion revolver with $497.6 million drawn as of September 30, 2019
Declared third quarter 2019 cash distribution of $0.60 per common unit, or $2.40 per common unit on an annualized basis, to be paid on November 14, 2019, to unitholders of record as of November 7, 2019

[jugs]

Funny that Heaping Crappers came out with a piece on CEQP just a week or two ago. Then this item comes out.

Backlash from the Crappers was refreshingly on the money as the company was strongly endorsed. I've been a loyal subscriber for about a half dozen years and my cost basis has been driven down to $2, if even that.

Wonderfully rewarding investment, imo.

[whytestocks]

News: $CEQP 3 Stocks Offering High Yields and High Growth Rates

Very few stocks offer investors a high earnings growth rate, along with a high dividend yield . That's because most growth-focused companies need to reinvest a substantial portion of their cash flow into expanding their operations, which limits their ability to pay a big dividend. However, the...

Read the whole news CEQP - 3 Stocks Offering High Yields and High Growth Rates

[jugs]

Crestwood has been in my portfolio for a long, long time. My cost basis is near zero $ and I recently added at $34.

What---me---complain?

Not on your life!!

[whytestocks]

News: $CEQP 3 Sizzling Income Stocks That Are Still Excellent Buys Right Now

Despite lots of volatility, the S&P 500 has been red hot this year. Through mid-September, it's up nearly 20%. So it's no surprise to see that most stocks have enjoyed good years. Some of the hottest ones have been those that pay high-yielding dividends because income-focused investors ar...

In case you are interested CEQP - 3 Sizzling Income Stocks That Are Still Excellent Buys Right Now

[jugs]

This pick of ours continues to roll along. It is definitely showing strength and stability.

Energy is on the edge of the spotlight in terms of oncoming prosperity. It's evident in a number of ways and I'm all in, as they say.

CEQP is one of my most successful plays ever and that counts a lot for me, certainly.

[jugs]

Stifel Nicolaus just raised their price target to $46 for Crestwood.

That's a very strong endorsement in my opinion. You gotta love it!

[jugs]

This morning we learned that Bank of America is maintaining its "Buy" rating on Crestwood with a $40 valuation attached.

That works for me It was just a couple to three weeks ago that I added some units at $34 per each. Looking really fine.

I'm hoping to be able to add a few more in the not too distant future. This has been an extraordinary pick for me.

By the way---Wall Street Rocker and harkmi---why so silent? Say hello once in awhile, huh? You're prospering too.

[jugs]

This has been such an awesome pick for me, I've got to free up some $$ and add to my position. Closing at $34 and change is a gift. This thing just keeps on giving and giving and giving without letup.

Sure, it drops every so often but almost always it's due to a secondary offering. This is how it goes with this sort of investment. If they don't offer equity raises, they won't obtain the cash needed to make acquisitions. It's really that simple. And over the past four years or so their acquisitions have paid off beautifully, indeed. This is the only stock I hold that I never consider selling for gains accrued.


Some investors don't understand the process, unfortunately. Then again, it's not unfortunate for those of us who do see that fears of dilution are leading us to choice opportunity through additional investment.

Good fortune, folks!

[jugs]

Yesterday I came so close to adding. But there was something holding me back so it didn't happen:

I didn't have the money to buy units.

It's like a disease for I know this thing is going to move above $40 in a not very long time.

Fact of life: Everyone suffers from the same disease: "Insufficient Funds!"

Such a shame, isn't it?

[jugs]

Just out:

Crestwood announced another 60¢ distribution payable next month.

[jugs]

Just out---new target set at $40. I'll betcha it will prove to have been well under what we're going to be seeing in two to three months. This has been an incredible pick for me, no question about it. Talk about "steady as she goes!"

[jugs]

Great news coming out of the company...picking up a 50% interest in an extremely well targeted area as hot as could be. The cost will be nil as Preferred interests are picking up the tab. However, it will be accretive to common shares held during this year---2019.

It doesn't get better than that! I'm sure it explains the nice upward bounce.



I'm left wondering if there isn't a distribution increase sitting out there somewhere?

[jugs]

We're knocking on the door to $36---just barely shy by less than a dime.

I know I'm not the only participant here as I have friends who follow this board.

As it happens there's nothing controversial going on so I guess that's good for all of us...and certainly the company, too.

All is well, and CEQP is firing on all cylinders so I'm a happy camper.

[Pennies_Envy]

Crestwood is set up beautifully to continue strong growth imo

[jugs]

Analysts are in agreement that Crestwood is gathering speed and positioned for more strong growth. Even without distributions backed out, my cost basis is barely above $17. It's hard for me to consider letting go of a single unit. So I won't!

[jugs]

This pick just keeps on keeping on.

Pays great, is very highly respected by all covering it. And I find it an exciting stock to have in my portfolio. It's as rock solid as they come.

[jugs]

So glad to hear you're also involved in this. It's been a steady gainer for several years for me. Sometimes it seems unshakably strong and resilient.

[WallStreetRocker]

Dbl double can't spell

[WallStreetRocker]

Love it!!!so far it's the only dBm in my portfolio!!!Glta!!!

[jugs]

How I wish others would/could jump onto this pick!

It's a fabulous moneymaker. Unfortunately, it ain't cheap.

[jugs]

Just now...……….. Highlighting is mine---can't help myself as I've been expecting this for some time now. The target itself represents a gain of about a third. Then we factor in four quarterly distributions of 60 cents per each for an additional $2.40 and what we find is an upside amounting to 41%. This is very strong, indeed!

Crestwood Equity Partners Raised to Buy From Neutral by Goldman Sachs



Ratings actions from Benzinga: https://www.benzinga.com/stock/CEQP/ratings

(END) Dow Jones Newswires
December 17, 2018 06:10 ET (11:10 GMT)

Crestwood Equity Partners Price Target Announced at $43.00/Share by Goldman Sachs



Ratings actions from Benzinga: https://www.benzinga.com/stock/CEQP/ratings

(END) Dow Jones Newswires

[jugs]

Looking forward to the next payout. It's a great payer, very sustainably so.

[jugs]

Just announced: CEQP will be paying sixty cents in recognition of its next quarterly payout. Distributions will be handed out on November 14th following going ex-D a week earlier.

This has been an incredible success story for me as my cost basis is $4.94, about to drop back to $4.34. It's been such a steady payer, many times
I've wished I had funds to grab a larger position.

On the other side of the galaxy is Zacks coming out yesterday with an announcement amounting to CEQP's being one of their top five "SELL" picks.

How dumb can they get?

[jugs]

The current news is based on CEQP no longer being included in an energy index.

This is meaningless inasmuch as the company has nothing even remotely connected to positions held. The index does not buy or sell or otherwise negotiate in units of companies represented.

Don't be fooled into thinking there's an uh-oh factor in this. There isn't!

[jugs]

This is such a fine stock to own. It's a pity that it's not familiar to more investors.

I've owned it for four or five years, holding 645 units and about $22,000 in gains. That's rather outrageous in my opinion.

[jugs]

Payday today for us CEQP folks---sixty cents per quarter and showing lots of strength.

This has turned into a monster of a stock pick for me. Sometimes we get superbly lucky and this is one of those times for me. Wish I had more but alas and a lack (of more units, that is!) it wasn't meant to be. But I've long felt great for having it in my arsenal.

[jugs]

Bank of America has just come out with a round of target revisions.

They've announced CEQPs target valuation at $34.00.

That works for me! However, my hunch is that $37-$38.50 is probably the more reasonable expectation short term.

BAC is traditionally quite conservative---aka "playing it safe."

They are market makers, remember.

[jugs]

As tempting as it may be, I'm not yielding to changes in my position. Other opportunities arise fairly often but this gal brung me to the dance and I'll not desert it just yet.

[jugs]

$33.75 is what I'm thinking the logical support point for this pick. I doubt we'll rise above $34.50 for at least several trading days yet. However, media is extremely high on CEQP so I'm thinking conventional greed will offset the hint of negative positioning.

Too, people will soon realize that the Cushing rebalancing has absolutely nothing at all to do with business operations!

That's what makes these spooky moments so frightening to some. But not me as I know this downturn is in the minds of some but not anchored in any fundamentals-based reality.

So then, the beat goes on.....

[jugs]

OK, so it appears something is terribly wrong, right?


Not!

There a bunch of index-related changes happening and CEQP is now being included in places that it had not been.

Things will normalize and we'll be resuming the upwards trend.

Why?

Glad you asked:

The company has not changed anything! These shifts will upset some investors unaccustomed to accepting eye-opening change, finding they have no control mechanisms as an offset. The thing to understand is that no organic changes have occurred. These swoons happen as institutional investors rebalance their portfolios. I'd be very surprised, indeed, if we fail to resume our prior slope with added momentum.

And I'm so tempted to add but with a cost basis of $4.54, my ego couldn't handle dilutiopn. So I'm standing pat. But this thing has $45 written all over it---in less than a year. But do your own research, please!

[jugs]

Definitely the case. I hope you hold a position as it appears to be gaining momentum.

Good fortune to you!

It'd be smart to take a verrrry serious look at NGL. I added 2000 units in Friday on the strength of the annual and quarterly reports that just came out on Wednesday. Units gained strongly on Friday and I'm positive this week will add another dollar and probably more.

This is the easiest money out there!