MASTER LIMITED PARTNERSHIPS

Monday, July 14, 2008

Plains All American (PAA) joins the list of distribution boosters this morning. Can't hurt.

Market holding on to gains but off the highs on the futures.

9 comments:

pepierce said...: Good news for QELP holders today. You might want to check it out, Joe; 7/14/2008 9:50 AM
joewxman said...: already posted this morning.; 7/14/2008 10:30 AM
Anonymous said...: PAA acting about as well as ETP after it announced a distribution increase...; 7/14/2008 10:46 AM
Anonymous said...: RGNC is increasing earnings guidance...; 7/14/2008 11:13 AM
Anonymous said...: At some yield point, it makes sense for GP's to take themselves private and keep the distributions for themselves.; 7/14/2008 1:19 PM
Anonymous said...: ETP yielding over 10% on next years distribution.

Forced sellers?; 7/14/2008 2:39 PM
Anonymous said...: Western Gas Partners, LP (NYSE:WES) announced today that the board of directors of its general partner has declared a prorated quarterly cash distribution for the second quarter of 2008.

The distribution is the first declared by the partnership and corresponds to a quarterly distribution of $0.30 per unit, or $1.20 per unit on an annualized basis. The initial distribution of $0.1582 per unit was prorated for the 48 -day period from the date of the closing of the partnership's initial public offering on May 14, 2008 through the end of the quarter, pursuant to the terms of the partnership agreement. The distribution will be payable on August 14, 2008 to all unitholders of record at the close of business on August 1, 2008.

Western Gas Partners, LP is a growth-oriented Delaware limited partnership recently formed by Anadarko Petroleum Corporation (NYSE:APC) to own, operate, acquire and develop midstream energy assets. With midstream assets in East Texas, the Rocky Mountains, the Mid-Continent and West Texas, the partnership is engaged in the business of gathering, compressing, treating and transporting natural gas for Anadarko and other producers and customers. For more information about Western Gas Partners, please visit www.westerngas.com.; 7/14/2008 2:47 PM
Anonymous said...: DALLAS--(BUSINESS WIRE)--July 14, 2008 --

Energy Transfer Partners, L.P. (NYSE:ETP) today announced that it has commenced a public offering of 7,750,000 common units representing limited partner interests, with an option for the underwriters to purchase up to an additional 1,162,500 common units. Net proceeds from the offering will be used by ETP to repay borrowings outstanding under its revolving credit facility.

Great timing. ETP at 52 week low.; 7/14/2008 4:03 PM
Anonymous said...: Anyone want to guess what ETP's cost of capital is now.

- Equity yields 10% in a year
- Debt yields around 7%
- ETE takes around 40% of dist cash

Hmmmmm ... i make that to be in 14% ballpark. Ouch!; 7/14/2008 4:15 PM