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Genesis Energy LP Message Board

  • bjfcpainc bjfcpainc Feb 14, 2013 3:07 PM Flag

    No new equity needed for existing organic growth

    I think shareholders are finally picking up on the power of organic growth bolt-on projects. And if no equity needs to be issued for the present and known projects all the better.

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    • Good numbers..excellent CC IMO. Was impressed by 50% expansion of trucking fleet comment as well as four new barges under construction. The exxon project with its' RR and barge access seems like a big league, organic project with nice return prospects. Also thought the Texas City/Marathon refinery project a nice opportunity outside the main Houston refining area. GEL seems to pick/expand its' projects in areas that PAA , EPD,and MMP don't have massive interests in. Good strategy. Looking like 10+% distribution growth/yr for the next 3 years is very reasonable. Dreiser: Wife's Lexus wired..garage too small for Bently or Rolls...think nice stay in Hawaii next on agenda! Regards

    • i agree that was a large plus for me reading the prepared remarks of the boss.
      in adition a great conference call chock full of useful info.
      if anything im more positive now then i have ever been.
      loved the tie in with paa and mentioned in a short answer during q and a.
      wow what a management team.
      tell hachio no more toyota.
      think rolls baby.

54.19-0.27(-0.50%)Jul 10 4:03 PMEDT

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