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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (36675)	2/12/2010 11:45:59 AM
From: E_K_S	Respond to of 78666

Hi Paul - Here are other mid stream pipeline companies that my Schwab broker suggested that I look at. Based on PE and yield, DPM looks like the best value in the group. finance.yahoo.com I put an order in for my taxable account for a small starter position in DPM. It's hard to step up and buy these since they have all gone up so much in the past 18 months (DPM up over 400% from its 11/2008 low!). If we get another substantial correction, I am going to buy a basket of these mid stream pipeline companies hopefully with a 10 PE or less. EKS

To: Paul Senior who wrote (36675)	7/21/2010 7:18:44 PM
From: E_K_S	Read Replies (1) \| Respond to of 78666

RE: UGI Corporation Common Stock(NYSE: UGI) DCP Midstream Partners, LP DCP(NYSE: DPM) DCP Midstream to expand wholesale propane business into mid-atlantic region With $49 mln acquisition of one of UGI's (UGI) subsidiaries (DPM) 35.47 +0.26 : Co announced that it entered into an agreement with a subsidiary of UGI Corporation (UGI) to acquire Atlantic Energy, one of UGI's wholly owned subsidiaries, for $49 mln in cash. Atlantic Energy owns and operates a marine import terminal with 20 million gallons of above ground storage in the Port of Chesapeake, Virginia. The assets serve as an important supply point for propane customers in the mid-Atlantic region, and will extend the Partnership's existing northeast U.S. wholesale propane business into the mid-Atlantic. finance.yahoo.com ================================================================== UGI not reacting like a beneficiary of a good sale as the stock continues to fall from it's highs. I didn't realize that UGI had a subsidiary that owned an LNG marine import terminal. These are the type of assets I want to own in the future but are better integrated with a company like DPM w/ their pipe line(s), storage & transportation assets. From the article:"..."This immediately accretive acquisition provides us with an excellent opportunity to expand upon our existing market position as one of the largest wholesale propane suppliers in the northeast," said Mark Borer, president and CEO of the Partnership. "One of the keys to our success in the wholesale propane business has been the breadth of our supply options. The addition of the Chesapeake assets will build on our supply and logistics capabilities and help in continuing to ensure reliable deliveries to our customers. Given the nature of our business model and contracts, this business will contribute 100 percent fee-like margins to our asset portfolio." ...". DPM at or near it's all time high. If it falls below $30/share again, this one is a candidate for a buy. EKS