we are talking about companies that report their cost of assets on the balance sheet which they write off as depreciation and d the number of shares of stock issued.
So the question remains why pay 50% more for NRGY since the price of its shares are more expensive.
Billion dollar businesses all have certified audits which disclose the cost they pay for their leases, equipment, pipelines, drilling, storage, etc. These companies all write off as much as they can according to the Internal Revenue Code over the useful life of the equipment according to schedules established by the IRS.
So why is NRGY 50% more expensive than my other holdings for each share of stock for about the same dividend yield.
I think the reason it's more expensive is this company has positive prospects for growth. NRGY is getting into the Nat Gas "Mid Stream" business and this is currently one of the important Wall St. buzz words.
Bottom line, more expensive based on prospects of decent growth. Just my $0.02