% | $
Quotes you view appear here for quick access.

Inergy, L.P. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • geotype50 geotype50 Jan 28, 2012 7:46 PM Flag

    To all the bagholders that held NRGY


    You are certainly correct that NRGY overpaid for their GP, although considering the rate at which the GP distributions had been increasing, the premium didn't seem that high. I think management realized that they were not going to be able to continue to grow in propane so they shifted to focus on midstream investments. Unfortunately, they also overpaid for their gas storage asset in Texas (Tres Palacious). Hopefully the growth in NRGM, and a colder winter next year, will allow them to start to grow their DCF again. Improved gas storage fundamentals would also help.