Mon, May 20, 2013, 3:52 PM EDT - U.S. Markets close in 8 mins.
Anyone interested to chime in on this? Does this translate to cash distribution by year-end? Thoughts?http://finance.yahoo.com/news/Inergy-Acquires-Pennington-bw-865083977.html?x=0&.v=1
I only buy MLPs that have a growth strategy either through acquisitions, increasing capacity or both. This is a plus for NRGY and I just bought my first few shares of NRGY.
well, based on this in the announcement:""Both transactions are expected to be immediately accretive to Inergy unitholders on a distributable cash flow per unit basis. ""I would say as soon as they get closed on the deals (which wasn't mentioned in the release) we should see the benefit.
Sub $40, bank it yo
Based on past history and management statements in the press release announcing the transaction, the acquisition should result in an increased distribution announced in February.Jim