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Inergy, L.P. Message Board

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  • rpbossman rpbossman Jan 20, 2012 12:31 AM Flag

    DCF

    I don't understand why a bunch of substanial insider buys would be made like is the case with NRGY knowing a dividend cut is coming. Can someone please explain what rational would be behind such a purchase

    • Nov 14, 2011 ELBERT PHILLIP
      Officer 396,749 Indirect Acquisition (Non Open Market) at $0 per share. N/A
      Nov 14, 2011 HUGHES CARL A
      Officer 434,242 Indirect Acquisition (Non Open Market) at $0 per share. N/A
      Nov 14, 2011 GAUTREAUX WILLIAM C
      Officer 451,222 Indirect Acquisition (Non Open Market) at $0 per share. N/A
      Nov 14, 2011 SHERMAN JOHN J
      Officer 4,169,083 Indirect Acquisition (Non Open Market) at $0 per share. N/A
      Nov 14, 2011 SHERMAN R BROOKS
      Officer 151,992 Indirect Acquisition (Non Open Market) at $0 per share

    • i for one never said a cut was coming this quarter, but the fact remains clear that nrgy is short funding with respect to DCF and will be for at least 12 months or more. the weather here in the northeast is very mild and has been for some time, this will further
      impact their ability to cover DCF going forward. the projects coming on line will not cover the short fall. nrgy may not meet the street expectations on earning and I don't see how they can given the various
      negative factors - there may be further down side pressure to at least the 20 area. i was sucked into the stock by the insider buys at 23 and change. should have done the work before diving in. looking at the chart it looked like a bottom. now we are headed to 20 it seems. Tres Palacios TX dome is under performing. the spin off of nrgy best asset class- mid stream- will help but that was a prime asset class that nrgy now has only a 75% stake in. as that spin off grows nrgy collective "assets" will be enhanced. the question is should we own an under performing pipe when others like OKE - great mid stream pipe are raising their distros and will double by 2014. i still have some shares but this will take time to turn it self around.

 

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