Running_Man
Thinks s/he gets paid by the post
- Joined
- Sep 25, 2006
- Messages
- 2,844
ETP on the NYSE. I have been buying this limited partnership. So far the more I have looked into this company the more I like it. I am considering increasing this percentage to become my #2 holding after Coca-Cola.
Much of their income is derived from fee-based transportation and not subject to commodity price changes. As their capital projects for expansion of pipelines comes online, their cash available for income has continued to increase. 5 projects totalling over 1000 miles of pipelines is scheduled to be completed in the 1-2 years.
They claim to have the largest intrastate pipline system in the United States and with some of the above projects coming online are expected to continue to increase the shareholder payouts.
They also are one of the top retailers of propane (makes up about 15% of the total business). Expiring revolver credit line of 2.0 billion that expires in July of 2012 seems to me to be the one problem that could derail them, if they have trouble converting as they plan to long-term debt.
Any others here have thoughts on this company?
Much of their income is derived from fee-based transportation and not subject to commodity price changes. As their capital projects for expansion of pipelines comes online, their cash available for income has continued to increase. 5 projects totalling over 1000 miles of pipelines is scheduled to be completed in the 1-2 years.
They claim to have the largest intrastate pipline system in the United States and with some of the above projects coming online are expected to continue to increase the shareholder payouts.
They also are one of the top retailers of propane (makes up about 15% of the total business). Expiring revolver credit line of 2.0 billion that expires in July of 2012 seems to me to be the one problem that could derail them, if they have trouble converting as they plan to long-term debt.
Any others here have thoughts on this company?