The latest opinion on Energy Transfer Partners (ETP) and it suggests better value lies elsewhere. The bottom line is distribution growth and a low payout ratio so there is no room for error. Worth the read.
Markets are lower as they sell off into the in line employment numbers. Dow is down 50 and the MLP index is down 1.33. Nothing extraordinary so far.
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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1 comment:
Thanks for sharing Joe. Cramer just "pumped" ETP in the last week or so. He's also big on KMP which, I've read on a couple of recent blogs, can barely cover it's distribution. Maybe we should use Cramer as a contrarian indicator?
I'm still long EPD and lovin' it.
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