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Memorial Production Partners LP Message Board

  • jrx_1998 jrx_1998 May 31, 2012 11:38 AM Flag

    Now over 11%

    This poor stock is too far under the radar. I have never seen a mention of it anywhere. Yet the company's predictions are better than most MLPs. I have been accumulating in the low to mid 17's and hope I am not going to be burned too badly in this whacko market.

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    • They have a very impressive hedge book.

      I've run the numbers and it appears that the bulk of the distribution is very secure going out 5 yrs. They have done a very impressive job of locking in prices (good prices) on both gas and oil. What is also nice is gas futures going out 3 or 4 yrs are starting to pick up nicely meaning they have a very good opportunity to layer on rising prices.

      All that said, with the market in full panic mode, it could continue to get pounded.

1.84+0.02(+1.10%)Aug 29 4:00 PMEDT