Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: E_K_S who wrote (55509)	6/24/2015 1:41:16 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78676

SFY got senior secured term loan: finance.yahoo.com Moody's downgraded notes to Caa2: moodys.com

To: E_K_S who wrote (55509)	6/25/2015 7:31:56 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78676

I added more OKE today at $39.5. The WMB offer from ETE clearly shows the high value of a GP. OKE/OKS owns nice assets, which includes assets build around the NGL value chain (which currently has depressed margins because NGL are anchored by crude prices). I do think that the growth projects (which are mostly fee based rather than margin based) and a partial recovery in crude prices should improve OKE/OKS profit enough so they can keep the distributions going. OKS does not want to issue much equity at current depressed prices, but I figure they have better credit rating (BBB) than most other pipeline companies, so they can get away with issuing mostly debt for a while , before they get into trouble and they investment grade rating get's threatened.