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To: Bocor who wrote (10679)1/3/2012 10:02:00 AM
From: Ditchdigger  Respond to of 34328
 
I remembered seeing this interview on cnbc with EPD's ceo (Dec 11) note what he says regarding the spread between natty and oil. About at the 50 sec mark on the loop. Thought it was an interesting comment which he seemed a bit reluctant to make<g>..bigger spread-bigger EPD profits.
video.cnbc.com

(PS: I got 12 degrees on the old thermo-meter currently, probably the high for the day..:), burning wood and propane today!



To: Bocor who wrote (10679)10/10/2012 7:33:57 AM
From: Bocor  Respond to of 34328
 
Grant E Sims, CEO of oil and gas MLP Genesis Energy ( GEL), created some buzz yesterday by purchasing 216,334 shares of the company at $30 per share for a total of approximately $6.5 million. His stake now stands at 2,883,942 shares total. A spate of insider buys occurred at GEL yesterday, with father-son duo James E Davison and Davison Junior picking up 733,019 and 540,547 shares respectively at the same purchase price to a total stake of 3,970,901 and 3,550,803. The Davison purchase is part of a recent slate of purchases as discussed here and in this Bloomberg report.

Genesis Energy, L.P. ( GEL) also announced that it will pay a regular quarterly distribution of $0.4725 per Common Unit for the quarter ended September 30, 2012. The distribution will be paid on November 14, 2012, to Common Unitholders of record at the close of business on November 1, 2012. This distribution represents an increase of approximately 10.5% over the third quarter 2011 quarterly distribution of $0.4275 per unit, and an approximate 2.7% increase over the distribution paid with respect to the second quarter of 2012. This is the twenty-ninth consecutive quarter in which Genesis has increased its quarterly distribution. During this period, twenty-four of those quarterly increases have been 10% or greater year-over-year.