I am getting old and senile (most probably) because not until mid June I start to hear about ENBL, which I suppose is another MLP distribution paying MLP of the ENLK family. It has some good customers from what I have read, pays about .31/qtr in distributions, but the company is urging unit holders to reinvest 1/2 of their distributions back into more ENBL units for their retirement plans. Well, I am over 65 now, so what is wrong with ENLK? And, how will payment of the ENBL distributions bite the ENLC and ENLK unit holders on the butt come time for their 2nd dstributions which we should see in September, because our 3d qtr distributions get to us sometime in late December and our first quarter distributions get to us sometime at the end of the first three months of the next year (or I do I need another pill?) Bottom line...do you think that payment of the ENBL distribution is going to hurt or help us (i.e. raise the distribution...it should be according to the Board at about .40.5)
I believe I heard in the conference call that that Enlink was going to back off of M&A for the immediate future, which is something I was in favor of, if you look at some of previous posts. I have put calls into corporate asking for bottom line figures on what Howard and Tall Oak has contributed to the overall financial well being of the company but I have not heard anything back. But, I do think that Barry Davis, et.al. have looked at the books and figured out the carrying these companies on the books right now adds nothing, and getting rid of them adds to the DCF, so we might actually see out quarterly distributions go up significantly to meet the projected promise they made last year, and if followed we would now be at close to .40 cents per share this coming quarter and .405 for the coming quarter. Unless you can see something that I am not seeing.