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Energy Transfer Partners-ETP
Posted on 3/27/17 at 7:52 pm
Posted on 3/27/17 at 7:52 pm
What are the negatives? 11+% yield.
3
Posted on 3/27/17 at 8:21 pm to tipup
Might want to read up on their SXL merger
Posted on 3/27/17 at 8:28 pm to tipup
The negatives are oil prices are going nowhere but down long term and that dividend can probably will be slashed taking the equity with it. I wouldn't want any oil related names in my portfolio long term at this point, they've gone nowhere in 3 years overall and more than likely the future isn't too bright, much better growth to invest in.
Posted on 3/27/17 at 8:36 pm to dabigfella
They were going to slash dividends until sxl bought them (lol not really, but that was the headline was). So now etp units will be converted to sxl units (1.5), but then sxl is going to become etp. They'll continue sxl dividend model, which will allow for future growth.
As for oil prices, they're midstream so that helps. Plus they'll be more diversified now.
They were not going to sustain that dividend growth, so that's what they came up with. Not sure if it's long term fix it it'll just be a short term band-aid.
As for oil prices, they're midstream so that helps. Plus they'll be more diversified now.
They were not going to sustain that dividend growth, so that's what they came up with. Not sure if it's long term fix it it'll just be a short term band-aid.
Posted on 3/27/17 at 8:48 pm to tipup
quote:your accountant wants to stab you in the face for investing in that PTP
Energy Transfer Partners-ETP
Posted on 3/27/17 at 8:51 pm to ChexMix
quote:
your accountant wants to stab you in the face for investing in that PTP
I don't do tax, but yeah, it's a pain in the arse.
Posted on 3/28/17 at 8:47 am to southernelite
So big now that it's more of a play on general U.S. production growth. Corporate governance though.
Posted on 3/28/17 at 9:12 am to ChexMix
quote:
your accountant wants to stab you in the face for investing in ANY PTP
Fixed it!
Seriously though, it doesn't bother me, but it costs. I would say the additional time I need to spend on each of those K-1s probably adds $25 to the cost of the tax prep, and it's $50 if they sell the SOB.
Posted on 3/28/17 at 10:53 am to dabigfella
quote:
they've gone nowhere in 3 years overall and more than likely the future isn't too bright, much better growth to invest in.
But they've gone somewhere in the last 1.5 years
Posted on 3/28/17 at 11:33 am to LSUFanHouston
quote:And that is probably under billing them
Fixed it!
Seriously though, it doesn't bother me, but it costs. I would say the additional time I need to spend on each of those K-1s probably adds $25 to the cost of the tax prep, and it's $50 if they sell the SOB.
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