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Strategies & Market Trends : Young and Older Folk Portfolio
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To: camroc325 who wrote (877)3/17/2022 11:08:27 PM
From: chowder1 Recommendation

Recommended By
red cardinal

   of 24219
 
I can't dispute the past free cash flow performance of MMP, and for a number of years it was my favorite MLP.

In looking forward though. MMP is expected to show a negative 17% cash flow rate this year and in 2023 expected to show 0% FCF growth.

Under the current condition of the market, higher interest rates and inflation, I'd prefer to focus on companies with higher earnings or higher free cash flow growth.

I went with ENB and PBA instead. ENB is expected to show huge cash flow growth this year and expected to show +14% next year.

PBA is expected to show +5% free cash flow growth this year and +11% next year.

I'm looking shorter term of course, a year or two, but from my perspective I had better choices than MMP in this time frame.

I'm not suggesting that others should sell, simply stating my reasons for what I'm doing. I hope MMP continues to do well for you.
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