Replies to post #289 on Energy Transfer Partners LP (ETP)

[pete807]

A lot of new money came here because of the merger with SXL which was not popular with many in each group of holders. Those of us that are new holders with no history of higher prices or higher dividends sure like the yield based on the low price, but even better is being lucky to buy in very low too. ETP@$15.80 was great. Averaging up with more units will happen when the dips come along too. I like to watch the RSI for something near the oversold line of 30, cuz it rarely disappoints. MLP distributions are mostly tax free income supplements.

I am focused on what the company is doing about managing debt. I have been Kindered, and no longer hold the KMI I had to take when they swallowed my long term KMP position. KMI tanked.... I began with 1000 ETP in late November.

My core long term hold remains EPD for the better management and no IDRs. Reducing the amount of increase in dividends was not popular but smart. When the market recognizes the value they can go back to 10% per year. The dividend has been raised for over 12 years every quarter. So what if it is 5% per year now that my cost basis is $3!
GLTA!

[benfrankledger]

$ETP A federal judge today revoked a permit for Energy Transfer Partners' (ETP, ETE) Bayou Bridge oil pipeline in Louisiana, stopping work on part of the project following protests by local and environmental groups.

The preliminary injunction requires the U.S. Army Corps of Engineers to revisit its approval of the pipeline’s construction through the Atchafalaya Basin, nearly 1M acres of swampland that pipeline opponents say is a critical component of Louisiana’s flood protection system and a source of livelihood for the commercial fishing industry.

The $175M, 162-mile pipeline would transport crude from Lake Charles to St. James, La., connecting to an existing line that originates in Nederland, Tex.; it is 60% owned by ETP with the rest owned by refiner Phillips 66 (NYSE:PSX).