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

To: Elroy who wrote (54096)	6/27/2014 11:33:29 PM
From: Spekulatius	1 Recommendation Recommended By Mattyice Read Replies (3) \| Respond to of 78576

I own only KMI right now. Bargains are scarce. My concern with SHLX is that it will be IPO'd at a distribution yield of 4% or less. Thanks but no thanks. One should be careful with MLPs, they have been a major beneficiary of the low interest rate and the various QE's. However logic and causality applies in reverse (in most cases) as well.

To: Elroy who wrote (54096)	6/28/2014 8:01:40 PM
From: robuck	Read Replies (2) \| Respond to of 78576

perhaps due to the news that the US will begin exporting some type of light oil for the first time in years. Elroy, you are mistaken. We are not exporting light oil. Two companies (PXD and EPD) received legal confirmation (via private letter rulings) from the department of commerce that their proprietary condensate stabilization process qualifies as distillation. This is no change to the current law. distilled condensate is refined product. refined product is allowed to be exported. there has been no move towards blanket approval of light oil exports. when condensate comes out of a wellhead and goes through a stabilizer it is called lease condensate. once it goes through a distillation tower aka condensate splitter (which is essentially a very rudimentary refinery configured to run light bbls) it is called plant condensate, which is refined product and free to export. this is a buying opportunity for all refiners on back of misinformation and fear selling.