Quote Originally Posted by Daly View Post
Quote Originally Posted by Pooh View Post
Honestly you could do a lot worse than ETE.
I'm interested.

Looking for other energy stocks that have been destroyed this year.... Down 70-80%
You probably have several hundred to choose from. Stay the hell away from E&P companies unless you think oil is going to $60 soon. These are LINE, BBEP, VNR, MEMP, ARP and many many others. ETE is rock solid. Paying over 8% and expecting to increase by 20% next two years due to projects coming on line. It's no Kinder Morgan, much less and more manageable debt. Be careful with refiners at this point. Once oil starts going up these will suffer although they've had a nice ride this year.

Or you can go my way and buy MLPL. This is yielding over 30% currently and its only invested in the midstream companies which are supposed to be safe but have been crushed lately. Just know if this thing hits $5 its automatically closed. Started the year over $60 so its down A LOT.

Here's a link to MLPL. I've gotten absolutely killed in the market this year....you'll be getting in a lot better than I did.

http://etracs.ubs.com/product/detail.../ussymbol/MLPL