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Mar 17, 2020
10:22
:25
am
ray ray
All-American
I don't see it, the vast majority of their revenue is take or pay long term
agreements. There is certainly some credit risk from producers paying their bills, but these guys move the oil of Exxon, Shell and the like.
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ray ray
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abe froman1
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ray ray
Joined
Sep 11, 2010
Last login
May 16, 2024
Total posts
3,991 (8 FO)
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Messages
Author
Time
Stock Gurus, any thoughts on Energy Transfer (ET)? 4.2 P/E seems really low even
ray ray
3/17/20 9:56am
I'd be shocked if that dividend doesn't get slashed.
Pimpin4Paradise
3/17/20 10:00am
But why? Their distributable cash flow last quarter was 2x their dividend
ray ray
3/17/20 10:09am
Because they're going to see a substantial revenue decrease in 1st/2nd quarters. No need to pay a 20% dividend when your
Pimpin4Paradise
3/17/20 10:18am
I don't see it, the vast majority of their revenue is take or pay long term
ray ray
3/17/20 10:22am
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