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MarkWest Energy Partners, L.P. Message Board

  • buyandwin buyandwin Feb 13, 2013 5:17 PM Flag

    Don't Be Surprised

    With the low interest rates currently available, and the up trending unit price the past 45 days, don't be surprised if MWE decides to sell bonds and/or issue additional units. to pay for another chunk of the recently announced up sized Unita Shale infrastructure buildout in addition to the huge buildout still ongoing in the Marcellus


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    • Remember they have the at market units out there to be issued and at this price I would imagine they are selling some a little at a time. I suspect the 500,000 dark pool units traded the other night were the at market units hitting the street. They also did a new debt offering last Aug and the debt offering just recently completed to retire old debt. etc Recalling the wording in the emg upsizing it appears emg will fund the initial growth initiative and mwe the backside again. Based on these three factors I would not foresee any new liquidity, other than line of credit increase, until the at market units are completed.

      • 1 Reply to moneyonomics
      • Money:
        yes EMG is supposed to fund the first $950M Then MWE pays the next $2.21667Billion. However MWE loaned(?) EMG $150M for a couple of months. I find it hard to believe that we have reached the point where we are lending money to our money lender. But we are. Plus a lot of money is still being spent in the Marcellus. There doesn't seem to be an end to MWE's growth possibilities going forward according to the latest MWE slide presentation.


    • Should the unit price drop, it could be perhaps a long time going forward to, all other things equal, to have a opportunity to buy/add to a long-position.

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