Inergy, L.P. Message Board

hikris

A word of caution: Think about the fact that the same management is in place. They didn't do so well with the the propane business.

IMHO NRGY is a speculative stock at this point. I took a position for the simple reason that they were getting rid of the propane business which was not working out for them. This leaves them in almost a cash position.

If they expand their NG operations they could pick up some good pipelines or storage sites cheap because NG is now at a historic low.

I'm expecting for them to spell out their future plans sooner or later. As for their keeping the going yield: very iffy.

Good luck.

IMHO NRGY is a speculative stock at this point. I took a position for the simple reason that they were getting rid of the propane business which was not working out for them. This leaves them in almost a cash position.

If they expand their NG operations they could pick up some good pipelines or storage sites cheap because NG is now at a historic low.

I'm expecting for them to spell out their future plans sooner or later. As for their keeping the going yield: very iffy.

Good luck.

Look at market history, nothing goes straight up or down, it fluctuates each year. (Currently approx 1280-1400 S&P)
Its an election year- will "probably" be stronger after the summer doldrums.

You sound very sensible, but will they ever let the market correct again beyond 5 or 10%?
I guess I should get my list together. Thank you.

You could do worse.

Inergy is in the recovery phase after a roller coaster ride due to propane prices.

They are in the process of divesting their propane ops to Suburban Propane. That will leave them as a pure play midstream company. They own the incentive distribution rights and about 75% of NRGM plus some assets at NRGY level.

Long term this is shaping up to be a nice distribution growth story..but first, they have to see if they can complete the SPH deal which looks like it is struggling...