Well done, John....but I thought you were a little too nice. I got a chuckle when you asked them to minimize unitholder dilution and possibly do a secondary offering instead of the $1.48 cure rate. haha
I hope the Chad Allan dude is on suicide watch...he seems severely depressed. Bonn had a bit of fire, though.
It's been over a year since you did your comparative analysis of BBEP & LINE, telling the Yahee and SA folk that they were toast, due to their debt and high cost of production....all the while advising that LGCY & MCEP were much better situated. Well, it's finally happening as the former are now in the 30¢ range and the latter in the $3.
Our high school jazz band used to say it in between verses when we played 'The Horse', however, the first time I heard it was on my Sly & The Family Stone album...the track was 'I Want To Take You Higher'.
I'm of the old school thought, that the 2nd worst investment decision, other than buying a turd, is to sell a good investment too soon. Therefore, this punk is holding....
The 32¢ div looks good to me. My average basis is 83¢.
My basis in LINE was $22 and sold @ $14, so please do not listen to me.
I know nothing.
That is all.
NGL & CEQP - people believe they will have to reduce their distributions due to upstream bankruptcies & cessation of new drilling, too much debt, and other assorted problems.
With several Midstream MLPs, with more diversified assets, yielding 30% to 50%, I think some of these posters are chock full of hopium. I'll be happy with a unit price of $2-$3 and a 40¢ dist. down the road.
For long term investors with a low cost basis, beware that once your distributions hit the level of your basis, most of the tax advantages of said MLP distributions evaporate. I'm not complaining...I look forward to that day.
Telly. Cube, Prof & Cajun have been saying that for months. It's good to hear that a fresh set of eyes concurs. Thanks, Geo.
Telly - you were the steadfast soldier throughout this ordeal, though it's far from over. Thank You, Sir. I plan on keeping my units and supplementing my income with the distribution, if the EF recovers.
You and me both...my glasses are so thick, Coca-Cola once considered naming a summer blend in my honor.
I'm under the impression that water-flood assets are the absolute dregs of the E&P business, thus no chance of a buy-out. I'm fine with that since they have such a low-cost break-even point. Please correct me?