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

To: Spekulatius who wrote (50059)	11/15/2012 1:00:56 AM
From: rz	Read Replies (2) \| Respond to of 78753

I know nothing about MLPs but after cursory look here finviz.com and seeing payout = 130% I am a bit skeptical. Can you enlighten, please?

To: Spekulatius who wrote (50059)	11/15/2012 9:27:44 AM
From: E_K_S	Read Replies (1) \| Respond to of 78753

Wow, that's a pretty big bet but I now see your point with the SE dropdowns. I was trying to figure the same thing w/ SE and it's direct distribution link to the East Coast and how to capitalize on that. I was going downstream more to the source of the fuel (ie NG) including the drillers, the NG gatherers, storage and interstate distributors and then to the end customers (this was what SE provided). SE was just too expensive but I continue to watch them and where they are building out systems and who they are partnering with. I think we are looking at the same opportunity but with different companies. We both agree the key is risk/reward and safety. I have got a few good names looking at the partners that SE & SEP do business with. One area ripe for potential value are the larger NG gatherers and the systems that feed into the SE distribution network. There is no one major player (usually an MLP) that I see is at a value price but I suspect a lot more consolidation in this area. Keep the thread posted on other undervalued midstream operators in this area. I do see a lot more growth in this region as more NG comes to the market. EKS

To: Spekulatius who wrote (50059)	11/15/2012 11:23:47 PM
From: Sergio H	Read Replies (1) \| Respond to of 78753

I have a position in SE. Nice div. and going forward the $8 b being spent on expansion, particularly in the NYC region will pay off. Thanks for your post on SEP. It's profits are fee based and not related to the price swings of a commodity. Simple business plan, well executed.

To: Spekulatius who wrote (50059)	6/12/2013 12:05:05 PM
From: E_K_S	Read Replies (2) \| Respond to of 78753

Re: Spectra Energy Partners, LP (SEP) -NYSE Good call on those "drop downs" to SEP in 11/2012. June 12, 2013, 11:07 A.M. ET Spectra Shares Surge 9.6% On Plans To Drop Assets To SEP MLP . . . shares Spectra Energy Corp. (SE) are up 9.6% so far Wednesday after Spectra late Tuesday announced plans to drop down all of its remaining U.S. transmission and storage assets to master-limited partnership Spectra Energy Partners (SEP) by the end of the year. SEP units (MLP equivalent of shares) are up 5% Wednesday. Here’s Spectra Energy Corp. president and CEO Greg Ebel in a statement: “We fully expect this move to be a win for investors in both SE and SEP and it will give us a more robust MLP to advance our growth opportunities. By completing this drop-down, we expect to provide investors in Spectra Energy with higher dividend growth of approximately 12 cents a year versus our current commitment of 8 cents a year. Of equal importance, this transaction will provide Spectra Energy Partners’ investors with higher distribution growth by increasing its quarterly distribution rate to a penny a quarter versus the current three quarters of a cent.” -------------------------------------------------------------- Sold my SEP and SE way too soon. Just not patient enough to realize the hidden value in the company. EKS