http://www.bizjournals.com/houston/blog/drilling-down/2013/10/whats-next-for-crestwood-after-major.html
I was was considering starting a position when I saw them included in the Alerian June report and still may. They are up to 625 on their way up to a place in the Fortune 500, (were 810 ) so they are different from NGL.
Here I will admit: The reported -$54 per share loss made me miss buying it cheap in March for $9 missing the rebound to $21+ now since they cut their distribution again. Yahoo says they were at $144 equivalent and paying $4.15 per quarter. Feb 2011, and continued to pay $4.15, then fell to $67 by Feb 2012. All this was before oil went from 140 to 26...
I am used to confusion of how MLPs are tracked and valued for taxation. There is a lot to absorb and most just avoid them, but they miss out.
Maybe you knew of Phillips and his companies and were confident he would turn it around?
CEQP and NGL, along with other winners we have that survived by making tough decisions will eventually raise their payouts again I am sure. I am near the end of discovery on CEQP so where do you think they are headed. My guess is if oil continues up they will get to $35-40.
"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-
Recent CEQP News
- Energy Transfer and Crestwood Announce Preliminary Election Results of Crestwood Preferred Unitholders • Business Wire • 11/01/2023 12:00:00 PM
- Energy Transfer and Crestwood Announce Preliminary Election Results of Crestwood Preferred Unitholders • Business Wire • 11/01/2023 12:00:00 PM
- Crestwood Unitholders Approve Energy Transfer Transaction • Business Wire • 10/30/2023 08:05:00 PM
- Crestwood Announces Receipt of Requisite Consents With Respect to its Previously Announced Consent Solicitation • Business Wire • 10/24/2023 08:59:00 PM
- Leading Independent Proxy Advisory Firm Glass Lewis Recommends Crestwood Unitholders Vote “FOR” the Transaction with Energy Transfer • Business Wire • 10/23/2023 12:00:00 PM
- Energy Transfer and Crestwood Announce Election Deadline for Crestwood Preferred Unitholders to Elect Form of Merger Consideration • Business Wire • 10/23/2023 11:30:00 AM
- Energy Transfer and Crestwood Announce Election Deadline for Crestwood Preferred Unitholders to Elect Form of Merger Consideration • Business Wire • 10/23/2023 11:30:00 AM
- Crestwood Announces Extension of its Previously Announced Consent Solicitation • Business Wire • 10/20/2023 11:00:00 PM
- Leading Independent Proxy Advisory Firm ISS Recommends Crestwood Unitholders Vote “FOR” the Transaction with Energy Transfer • Business Wire • 10/18/2023 12:00:00 PM
- Crestwood Announces Extension of its Previously Announced Consent Solicitation • Business Wire • 10/18/2023 11:00:00 AM
- Crestwood Announces Quarterly and Special Distributions • Business Wire • 10/12/2023 09:09:00 PM
- Crestwood Announces Filing of Definitive Proxy Statement in Connection with Pending Energy Transfer Transaction • Business Wire • 09/29/2023 09:31:00 PM
- Crestwood Announces Commencement of Consent Solicitation • Business Wire • 09/27/2023 12:00:00 PM
- Energy Transfer and Crestwood Announce Expiration of Hart-Scott-Rodino Act Waiting Period • Business Wire • 09/26/2023 12:00:00 PM
- Energy Transfer and Crestwood Announce Expiration of Hart-Scott-Rodino Act Waiting Period • Business Wire • 09/26/2023 12:00:00 PM
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