Recent adds:
Y, GTS, KMI, KMI-wt, CSG (already mentioned), SFY, MUSA
I did fliflop DANOY because I feel less certain about it's prospects and valuation upon further study. I will keep an eye on it, they will release earnings by the end of month, which could be interesting.
KMI has disappointed because they essentially guided for no distribution growth for EPB until 2017. Accordingly, EPB share price has reset to an ~8% yield, which is where no growth MLP's gravitate towards. I would still think that KMR with a somewhat lower yield and intact growth is the better buy. So, KMI's growth expectations are adjusted downwards, which of course has hit the warrants quite a bit (i bought a few more today). I do think that while EPB's distribution growth may have stalled, they still can increase the IDR flow to KMI by issuing more equity opportunistically. This could keep KMI's distribution growth intact (just look at what ETE has done while ETP's distribution was flat). |
