Stifel analyst always predicted August close and still reiterates that position. Being resident in china I believe his credibility with buy rating and no misgiving to be best information out there
Stock action may look bearish but options look entirely the opposite. Huge open interest in 75 calls for august and sept
Given market volatility and no evidence this isn't happening I keep buying more here to get my boring 5%over next month
How do you propose they do this given the covenants. Oil needs to go higher to restore cash flows and distributions
I'm with you. There is no evidence to support any change in opinion on buyout. I keep buying 50-100 shares every time it falls back like this.
I agree. Bank 4.5% for holding at most 6 weeks. In this market I will take that everyday. Furthermore latest stifel report says that mid august the LATEST, may happen sooner,
All the mlps performing badly right now. They need to show increasing cashflows and restoration of dcf to distribution again.
Yes sole reason for drop the sa article. One needs to realize that managements 11% ownership of common and 5% ownership of o preferred make taking to success a motivator and lowest cost producer make cash flow a give and if prices rise this preferred will fly if divi reenstated
Totally agree and would like to see Jeffries analyst math on it falling to under 2 a year
How is it earnings came out on May 5 and now he says that his calculation of dcf only .7 not what the co said. Really? I guess the sun accts must be incompetent compared to the Jeffries analyst
Yeah he said his calculation of dcf was .7 for quarter instead of 1.18? He knows better than the cos accountants? Target of 23? Must think distribution is going to 0
THey have seen those 7 mil shares worth 210 mil in 2014 now at 17 mil. The money is in the success of the co not their salaries
Keep in mind also that Hammond has significant skin in the game to the tune of 82K shares. He and the rest of insiders fighting hard to make this work