terrific organic growth of 6% seq in ebitda. coverage ratio remains 1.4 on higher new distribution 1.56. you can see the way for 1.75 distribution by middle of 2011.
i reallty liked how they added more hedges and when you look at the layers, you can see they will have very soft landing in nat gas with hedges out thru 2013 at v good levels. oil they seem to be very well hedged but leaving room for upside.
at 1.75 and say 7.5% yield, this stock should be going to $23 in the next few months while you collect 8% if you own at these levels.
it is very difficult to get fixed rate financing from banks in a commercial market, the only thing would be bonds. I am 60 and I can tell you I have borrowed millions but I am happier being out of debt and more secure. I have always and continue to look at debt as a tool. What makes less sense to me is AAPL with 50 billion in cash in the bank, no dividend, no debt and just holding it at .75% interest. What a waste of possibility. It is a good thing they are doing everything else right.