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Provident Energy Ltd. Message Board

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  • edteekay edteekay Nov 11, 2009 4:18 PM Flag

    Midstream EBITDA

    In the 2008 Annual Report, Letter to the unit holders, they say...

    "Provident also completed an internal reorganization of legal
    entities within our structure to facilitate the eventual separation of our upstream and midstream business units."

    That could mean a lot of things, but most likely it all stems from the coming tax law change. Perhaps the upstream ops will split off as a PGH-like trust and the midstream ops reconfigured to an MLP...or perhaps they entertain the idea of selling one or the other or both. Either way my guess is it would result in a higher price for PVX. Meanwhile at current prices or slightly lower, I would imagine the dividend is secure.


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