NGL's were a sore spot, but recently prices have improved. With the August acquisition they should be well above square Q3, so overall this is a bump in the road for sure, but not a disaster, I expect through Q3 they will have covered.
But, that's not good enough rolling into 2014. What needs to happen is the sponsor to get something else launched to take some of the g&a burden off, and further acquisitions, quite possibly in the form of a drop down, to get over the hump. I remain confident they wouldn't have set the distribution without a plan to keep it there, it would be a dagger in the back for the sponsor's plans to fail in their first launch. Not the quarter I wanted to see, but . . . the story remains intact, assuming the ending is scripted.
in the conference call they stated the the "jay field turn around" cost quite a bit of bucks .. just what did they have to do that cut production? ( I live in fla so more interested in this area than others.)
The problem is the unit price is so low they can't pay for it and still make money... if they need to issue new units not even at $16.30, but a discount to that. The last couple secondaries at such low prices are one reason why we're in such a hole.