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

To: Spekulatius who wrote (49989)	11/8/2012 9:38:21 AM
From: E_K_S	Read Replies (1) \| Respond to of 78740

Spectra Energy Partners, LP (SEP) Spectra Energy Corp. goo.gl I sold my SEP for a small profit after holding 14 months. Before that I owned SE which is selling around the current price. I like their distribution area and are set up to grow but at least since I have owned the shares, the stock price(s) have been flat especially in the last six months. I moved the proceeds into LNCO. I also sold my LINE and put that into LNCO. I think the growth prospects are better for LNCO but they may be a bit more leveraged than SEP. Have you looked at LNCO (they hold a large position in LINE units)and compared them to SE and/or SEP. Do you see better value in SEP or is it just a case of owning a MLP w/ the least leverage and good FCF? I guess I got frustrated w/ SEP as I had a GTC sell on this one @ $32 but eventually closed the position out @ $29.57 on their xdiv date. EKS

To: Spekulatius who wrote (49989)	11/8/2012 10:58:27 PM
From: Spekulatius	2 Recommendations Read Replies (2) \| Respond to of 78740

I added a bit of SEP @28.7$ and Mog-A at 35.67$ today and started a position in DVN at 54.35$. DVN is a cheap E&P (based on EV/proved reserves) that has shown adept at monetizing their assets in the past,although operating results have been somewhat poor, due to low NG and liquids prices. Quite a few value minded investors have been buying this stock recently at higher prices (3rd. Avenue Value amongst them). I think they are a prime acquisition target for a multinational that wants to boost NA energy reserves.

To: Spekulatius who wrote (49989)	11/9/2012 1:46:39 PM
From: Paul Senior	Respond to of 78740

LUK. Following you with a small add to my few shares.

To: Spekulatius who wrote (49989)	2/23/2013 2:38:08 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78740

Re ETP - dumped my position @47.2$ after reviewing the results. I did not like the fact that they still were not able to cover the distribution (coverage was about .95 x). I am not sure why most analysts considered the earnings positive. I expected that at this point, with the integration of SXL and Southern Union mostly complete, the distribution would be covered, with the stage set to increase it finally. That seems to be out if reach, so I am taking my winnings and move on. seekingalpha.com