Energy Transfer Partners LP (ETP)

[pete807]

When I saw ETP below 16 I did the same thing. Pounce. They are a re-make of two MLPs that were going along unhappy post merger. Those that held Sunoco Logistics and the heavier indebted Energy Transfer Partners did not have a choice on debt and distribution so many bailed... but new money... like ours was making a choice that took advantage of that disjointedness.

I will be watching as management handles capital expenditure and debt service, but they are generating enough cash flow to cover and are positioned well in the space. Rising oil brings favor back to energy investing and the US is the new 800 lb gorilla!