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

To: E_K_S who wrote (52941)	12/5/2013 9:57:45 AM
From: Spekulatius	Respond to of 78717

Re EPB - the dropdown has been communicated and is already baked in the 2% growth forecast. I assume without the dropdown, the distribution would look even worse for next year. FWIW, for the dropdown to happen, the capital markets need to cooperate.

To: E_K_S who wrote (52941)	2/6/2014 8:24:25 PM
From: E_K_S	Respond to of 78717

El Paso Pipeline Partners, L.P. (EPB) - A 20% add for me at a new 52wk low. I continue to add to my EBP position. The yield now at 8.1% and I do not expect any distribution cuts. I do expect revenue streams will not grow much until their LNG export terminal is completed and licensed. This is still 24-36 months out. Also, the parent GP KMI will support the price and/or just re-acquire the unit shares and "roll-up" into KMI. This is one of my larger MLP positions at 2.4% of the portfolio and accounts for 11.5% of my MLP basket of income. This one is like owning KMI but w/ a higher distribution. EKS