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Inergy, L.P. Message Board

  • ferdiefor ferdiefor Sep 8, 2010 10:09 AM Flag

    Bought in again in pre-market

    Months ago when Citi downgraded NRGY after the announced acquisition of the GP as being too dilutive they said that NRGY would need $810M of accretive acquisitions at 9x in order to maintain distribution growth and their downgrade was based on the need to hold the distribution in line.

    With today's acquisition announcement NRGY has mostly taken care of that uncertainty so I took a 1/2 position this morning. I am also encouraged with NRGY's desire to get more into NGL storage as other MLPs are offloading their storage assets into seperate MLPs.

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