Energy Transfer Partners LP (ETP)

[benfrankledger]

Management now states that the company is approaching the end of its major projects.

In other words, the management expects lower capital expenses while many projects will start bearing fruit from next year.

While this is obviously a positive development, it remains to be confirmed, as there have been numerous delays in the growth projects of the company in the last few years.

These delays have proved very costly to the company and have pronouncedly burdened its balance sheet.