Thu, Jul 24, 2014, 8:06 AM EDT - U.S. Markets open in 1 hr 24 mins

Recent

% | $
Click the to save as a favorite.

Inergy, L.P. Message Board

  • rrb1981 rrb1981 Jul 25, 2011 11:50 PM Flag

    Distribution Announced

    Distribution was kept at $.705, or $2.82 on an annual basis.

    While I don't believe NRGY will cut their distribution, I believe NRGY will be flat for some time. They are stuck in a perfect storm of sorts. They grew so fast for so long and finally absorbed their GP at a time when propane biz is weak and competition of acquisitions is fierce. It also isn't helping that natural gas storage is hurting. I think NRGY management will find a way out of this trouble, via acquisitions, organic expansions and perhaps other unconventional moves, such as divesting propane, or merging with another MLP. Overall, I am not concerned with the distribution being cut, but I do believe it is stuck at $2.82 for at least a year or two.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 

Trending Tickers

i
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.
Facebook, Inc.
NasdaqGSWed, Jul 23, 2014 4:00 PM EDT
Ford Motor Co.
NYSEWed, Jul 23, 2014 4:00 PM EDT