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Natural Resource Partners LP Message Board

  • jrad52 jrad52 Jul 10, 2013 4:03 PM Flag

    New IPO filing

    OCI Resources (NRP bought something less than 50% in OCI Wyoming back in January) just made its initial S-1 filing to go public. Pretty confusing structure, and I haven't finished reading the S-1 to figure out where the assets are, but the operating assets seem to be in the entity that NRP invested in. Anyway, OCI Resources will be another MLP. If you check the SEC web site for the filing, make sure you look for OCI Resources. Another S-1 was filed last month for something called OCI Partners LP, yet another MLP that has nothing to do with NRP.

    Because of restructurings and pro forma adjustments relating to the IPO, the income statement and balance sheet are really confusing. But clearly OCI is profitable. No real indication in the S-1 as to what NRP's investment might be worth, but maybe the filing (done on Monday) is causing some strength in NRP's price.

    FWIW.

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    • I did read that headline. Believe the IPO is planned several months out. I have no idea what the implications might be. Maybe the owners want to line their pockets. When Nick Carter presented to an analyst group on May 20th he said that NRP might be able to take an additional $50 million stake in this company and that if it happens NRP shareholders should "shout for joy". Don't know what that means either.
      Thank you for the posting, jrad.

 
NRP
16.52-0.17(-1.02%)Jul 31 4:06 PMEDT

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