Energy Transfer Partners LP (ETP): Good choice... you are a veteran finding...

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pete807

Re: catdaddyrt post# 239

Friday, 01/05/2018 9:24:10 AM

Friday, January 05, 2018 9:24:10 AM

Good choice... you are a veteran finding the undervalued!
This one was transformed when Sunoco Logistic Partners (SXL) was sacrificial lamb a year ago for the GP (ETE). Not too many choices for stressed ETP then. Parent of both chose merger. They crafted a stealth distribution cut, and with the two companies, both angered by the merger, they wisely picked the ticker to remain ETP over SXL due to size recognition. Yield went way up as stock tanked. Coverage good going forward with many projects coming on line. Higher oil is working for the whole energy sector in 2018 so buckle up... or down, lol.

Bet your a busy man theses days in that West Texas boom!

"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-