SXL acquired ETP, kept the ETP ticker going forward, and as previously stated, it was a stealth distribution cut that neither company's unit holders were happy about. That said It could prove to be the saving if not only move for ETP available.
In the article the company is quoted as saying mid 2018 for more unit issuance. Instead of further increase in an already high yield why not apply that money to debt reduction, or share buy back, or just stop diluting the units? Watch this turnaround unfold but performance needs to be proven before committing more than just a bit more dry powder here.
GLTA!
https://seekingalpha.com/article/4130911-safe-dividend-energy-transfer-partners?auth_param=i4ud:1d2rchi:e4220bee6a8bbd24af116ddefbddcf0c&uprof=46
"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-
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