Wed, Mar 4, 2015, 6:03 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Chesapeake Midstream Partners, L.P. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • lner2512 lner2512 Sep 13, 2010 12:30 AM Flag

    Incentive distribution rights

    An IDR of 50% has not been uncommon for MLPs, but there is a move toward eliminating the GP that collects it. SPH, BGH, NRGY and most recently EDP, among others, have or are buying their GPs or eliminating the IDR split.

    As a newborn and controllee of CHK, I doubt CHKM can follow that pattern, however. CHK will likely drop down lots of assets to CHKM, because CHK wants/needs the cash. But CHK also will want the IDRs. I expect asset drop downs will benefit CHKM's distribution rates and market value, but that benefit will be less and less as they approach the "high splits". That'll probably be a good time to review my investment thesis on CHKM!

    SortNewest  |  Oldest  |  Most Replied Expand all replies

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.