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

To: E_K_S who wrote (71685)	12/6/2022 9:30:54 AM
From: Spekulatius	1 Recommendation Recommended By E_K_S Respond to of 78753

re ENB- saw that correction later. The problem with MLP's that if you buy them, you basically marry them. It can be great if they work out, but if you hold them longer, then the reduction in base really can cause huge tax issues once you sell them. Also, to make it worth while from a return basis, the position has to be reasonably large. I hate filling out a K-1 form for just $5K in invested capital each year. Not worth it. Some here have day/sing traded them, but that also causes tax hassles and I rather do that with C-Corp stocks. I had some successes with WPZ back in the day (purchased around $10 during the 2015 meltdown) and sold for $30+ when they folded it back into WMB, plus substantial distributions along the way. my biggest winner was LAACZ which was a 10x based on my initial purchase and 5x for subsequent once plus distributions. that one was a neversell for me, but it was bought out (for a nice premium luckily) Right now, i don't hold any MLP's and have no inclination to do so either.

To: E_K_S who wrote (71685)	12/16/2022 8:40:23 AM
From: E_K_S	Read Replies (1) \| Respond to of 78753

Re: WMB Utility takes big loss on $1.5 billion sale of gas pipeline network that serves Colorado 75% Off Sale! A utility that bought a 2,160-mile natural gas pipeline network serving northwest Colorado, Wyoming and Utah early this year for $1.9 billion is selling it already, unloading it at a loss of up to $425 million. Southwest Gas Holdings Inc. (NYSE: SWX) is selling the MountainWest Pipelines network, what had previously been called the Dominion Questar and Overthrust pipelines, to Tulsa, Oklahoma-based pipeline giant The Williams Companies Inc. (NYSE: WMB) for $1.5 billion in value, subject to some future adjustments, the companies said.