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Gold/Mining/Energy : cone midstream partners -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (15)	6/2/2016 7:28:10 AM
From: John Pitera	Read Replies (1) \| Respond to of 17

Hi Bob, always great when you are getting things done. I assume Iso will read this and my advocacy extends to him to. I told you how impressed I was with the chart pattern and obvious accumulation in CNNX as it was being wisely accumulated without the price being pushed up when we were looking at back on April 12th. I have two more mid stream MLP that I am very bullish on... I really think you should pick up a least a little of WPZ and ETP. They have very high yields and the two companies are preparing for a merger vote that should go through.... watch the video link that shows the large accumulation in each by David Tepper... Tepper is a brilliant investor. and the stronger energy prices we have seen make these companies very attractive. The 2 mid stream LP's have a very high yield WPZ is 10.3% and should be merging together. Tepper is one of the best asset managers around. The portion of the video is about 3 minutes that addresses the two Master LP's seekingalpha.com Summary Investors including David Tepper are buying up high yield MLPs. Bond duration math tells us there is a lot of downside risk in long dated government debt. The 60/40 portfolio has had a great run, time to sell. In this week's Market Sitrep - Reach For Yield we start off with examining the high-yield energy space. We focus in on David Tepper's big bets in Williams Partners (NYSE: WPZ) and Energy Transfer Partners (NYSE: ETP). Next, we discuss what bond duration means and its implications going forward. We take a look at an interactive bond calculator that shows changes in bond prices (NYSEARCA: TLT) given a change in future interest rates. The duration discussion transitions into an overview of the popular 60/40 stock/bond portfolio. Performance in the last 5 years has been great, but future performance will not be. We finish off with an update on the US dollar index and its impact on the market (NYSEARCA: SPY) and gold (NYSEARCA: GLD). A pdf of the presentation can be found here.