MASTER LIMITED PARTNERSHIPS

Wednesday, September 03, 2008

Found this article entitled Ticking Time Bomb about Energy Transfer Equity as apparently its on the road to blowing up according to the author. Please give it a read and send the writer an email about what you think. Please keep it civil!

9 comments:

Anonymous said...: The author of that "article" has absolutely no clue about GPs and MLPs.

Most utilities also have debt amounts much greater than annual revenues, but I don't hear anyone saying that ConEd is a ticking time bomb.

That is really a piss poor piece of financial journalism.; 9/03/2008 1:38 PM
Anonymous said...: The guy is an ignorant ass. How the f*ck does garbage like that get published?; 9/03/2008 1:44 PM
Anonymous said...: If ETE is such a "ticking time bomb" why would the Chairman and CEO, Kelcy Warren, purchase $42,000,000.00 in ETE shares last month out of his own pocket?

Think about that.; 9/03/2008 1:50 PM
Anonymous said...: The ignorance of MLPs and what they are is astounding. The MLP community needs a trade group to educate the unwashed masses. Articles like this just show how shallow the knowledge base is.; 9/03/2008 2:02 PM
Anonymous said...: Guys,

This is a truly wonderful article. Although highly unlikely, perhaps it will put some additional pressure on the unit price and give us an opportunity to buy some more at even lower prices.

What does Kelcy Warren know, anyway?

Bruce Sherman
Oakland, Oregon; 9/03/2008 2:14 PM
Anonymous said...: Bruce,

I don't know how many more wonderful buying opportunities I can take?

Drowning-in-crude; 9/03/2008 2:20 PM
joewxman said...: be nice and civil to the author kids...he just might visit here.; 9/03/2008 2:26 PM
Anonymous said...: Too late for being civil Joe. The assh*le should've done some research first. Now he deserves to get flamed.; 9/03/2008 2:33 PM
Anonymous said...: The problem with this shoddy analysis is that it doesn’t de-consolidate the LP from the GP. FASB requires consolidation since the GP exercises control but bondholders/lending group do not place the onus on the GP. Debt to cap, in actuality, is 26% and Debt/equity is actually 37% (0.37x), not the ridiculous 597x listed .; 9/03/2008 3:25 PM