They're going to Pro-Rate ... when and the exact payout is to be determined
(http: is missing as to allow the Post)
CODI (Cancellation of Debt Income), in that CLMT and LINE are both MLPs, when debt is negotiated lower, the reduction (or Income in the eyes of IRS and MLPs) goes to the Unit Holders and incurs tax ... with LINN, they have LINCO which is a C-Corp so they're trying to have MLP holders convert their holding to LINCO which side-steps the tax hit ... w/CLMT there is no C-Corp set-up, it's a Risk w/ CLMT
One should have concern if CLMT obtains a deal and writes down some of the $1.8B they owe, the Unit Holder are in for a nasty Tax hit (look @ Linn)
KMI got a Customer Base with this Deal too, ARCO Gas Stations are supplied out of these Terminal ... Don't know how it was structured (Tolling ?) .. also at least the Fuels Terminal that I'm most familiar with (Richmond, CA) has pipelines to SFO and OAK along with Travis
One time event with sale of UK assets, future Dividends are: The dividend level shall reflect the present and future cash generation potential of the company Marine Harvest will target a net interest-bearing debt/equity ratio of less than 0.5x.
When target level is met, at least 75% of the annual free cash flow after operational and financial commitments will be distributed as dividend.
Never going to happen, no compelling financial reason to do so, this is a stark comparison between Pensions / Annuity and a self-directed IRA, when I retired I did a 1/2 and 1/2 (Pension / IRA roll-over), my IRA has done much better
There has been a wholesale Management change @ NLY , these guys are still on their Honeymoon, so IMO, patience, Stock price has risen given any change will be a positive ... now I have not done my Research on the new Players, they may be All-Stars, but let me see some hits
for discussion : I'm thinking something similar to 2004 when Falk spun-off Neenah, KMB shareholders received stock in the new Company, not sure w/Health Care's departure, the Stock will split , more an incremental impact ... I looked at the Jan CC, my take-away was nothing concrete except the Board will make the call in the 2nd QTR ...
I'm happy to see the bump in share price but have concern we may hear the weather has impacted schedule and costs for their new Refinery, hope I'm wrong
FYI , LSB is not the best of operations, my guess is that NG costs, low demand, low return, #$%$ weather drove this ... as you noted, not big player in the space ...
Yep, all you said is correct, however, is UPL's NG logistically applicable to LNG's export ? Yes and no, UPL is shooting for18% LNG exports, and most will come from the Marcellus and be run through D, in-that 30% of the NE USA's NG comes from the GOM, this is LNG's exports ... UPL is becoming more Wyoming centric ... IMO, unless exports really make a dent into 3.75 Trillion (which I see as good but not great given Chevron's huge export push in the Asia region) , I'm not getting overly excited about UPL's short term outlook ... to hedge my thought process, all bets are off with $4.5 NG and it does not hurt to be low cost producer ... making it simple just a macro level
I read this, there are better ones for INTC ... let me say, I don't necessary believe INTC will buy anybody, but for speculation ... tries these: XLNX , BRCM , MCHP or maybe some CSCO or IBM assets ...