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EV Energy Partners LP Message Board

artist_formerly_known_as_pooch 85 posts  |  Last Activity: Apr 7, 2015 12:36 PM Member since: Jul 14, 2000
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  • Reply to

    UEO MIDSTREAM

    by chit3522 Apr 2, 2015 4:14 PM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Apr 7, 2015 12:36 PM Flag

    I hesitate to defend EVEP managment and I do fear what they might do with $500 million but 2 issues with $500 million yielding just $60 million.

    1) EVEP claims their benchmark for projects is 20% IRR. (I agree, easier said than done) but they said it, I expect they would land somewhere closer to that number

    2) You forget leverage. (though I do hope they lighten up on the debt) $500 million cash as they currently are operating would put $2B of assets on the balance sheet.

  • Reply to

    Earnings

    by fredrick901 Mar 24, 2015 12:35 PM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Mar 27, 2015 8:43 PM Flag

    They store product not crude. Product= gasoline, diesel, etc. Their story is they seek long term contracts for storage, they don't want to play in the more lucratve short term storage market. they want to lock the customer in for 1-2 years at a time. But, I agre, they were not very enlightening. Didn't mention distribution coverage, I'll have to figure it out on my own. Said that they will discuss raising the distribution someday. They'll remain open to M&A. One analyst was frustrated they don't open up more so mentioning it is a corwded playing field for MLP's/ Yep!

    It appears the 6% is safe. but their plans for the future are opaque

  • artist_formerly_known_as_pooch by artist_formerly_known_as_pooch Mar 26, 2015 11:23 AM Flag

    just on the news

  • Reply to

    distributions

    by accurateinaccuracy Mar 15, 2015 11:37 PM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Mar 17, 2015 11:50 AM Flag

    BPL is mostly insulated from all of this oil misery. It's only really affected when funds sell it to cover losses elsewhere. BPL slightly raised the distribution and fully covered it. The pertinent sections of the PR :
    Distributable cash flow (as defined below) from continuing operations for the fourth quarter of 2014 was $160.1 million compared to $117.8 million for the fourth quarter of 2013. Buckeye also reported distribution coverage of 1.10 times for the fourth quarter of 2014.
    Cash Distribution. Buckeye also announced today that its general partner declared a cash distribution of $1.1375 per limited partner unit ("LP Unit") for the quarter ended December 31, 2014. The distribution will be payable on February 24, 2015 to unitholders of record on February 17, 2015. This cash distribution represents a 4.6 percent increase over the $1.0875 per LP Unit distribution declared for the fourth quarter of 2013. For 2014, Buckeye declared distributions of $4.475 LP Unit, which represents a 4.7 percent increase over the $4.275 per LP Unit for 2013. Buckeye has paid cash distributions in each quarter since its formation in 1986.

  • artist_formerly_known_as_pooch artist_formerly_known_as_pooch Mar 16, 2015 5:32 PM Flag

    The maintenance margin requirement on ATLS specifically will increase 25% each week until April 7 at which time it will no longer be margin eligible.

  • Reply to

    trgp vs ngls

    by xocy713 Mar 13, 2015 1:28 PM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Mar 13, 2015 5:19 PM Flag

    yes, TRGP has no operations of it's own. It owns NGLS units and it owns the idr's for NGLS. those idr's are like a huge management fee. TRGP gets 50% of free cash flow of NGLS above a certain level. A leveraged bet. That's why TRGP grows so much faster. Falls that much harder. See the March presentation on their website.

  • Reply to

    ATLS Holders REALLY Happy

    by parisite76 Mar 11, 2015 8:41 PM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Mar 13, 2015 5:16 PM Flag

    They borrow big for expansion??? Uhm, TRGP is a pure play GP. It has no operations and owns no assets other than NGLS units and NGLS idr's. That said, after looking at the presentation,and considering the bad timing in this market, they did it to stay under their bank covenants. Not a bad thing, They took equity they pay 3.x% dividend on and bought NGLS units that pay 8.3%. They paid down debt that have a coupon likely above 3.x%. With an aquisition, you have to evaluate is it accretive. Well, this one is easy to evaluate. You know what NGLS pays. You know what their debt pays. A simple transaction. Everything energy is selling off right now. There isn't a lot of careful DD being done. I'll pick some more up after the weekend. Right now, I don't want to buy anything for fear of this mighty US dollar. Oil goes down another buck on monday, so will TRGP.

  • artist_formerly_known_as_pooch artist_formerly_known_as_pooch Mar 12, 2015 4:05 PM Flag

    Because they have almost ZERO exposure to the price of oil, increased storage is a slight positive for them as is increased volumes through their terminals because of increased demand.. It is an "energy" stock, but it it isn't a producer or consumer. It is an energy mover.

  • Reply to

    OVERALL DISTRIBUTION

    by friendlytrader Mar 3, 2015 1:32 PM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Mar 3, 2015 7:22 PM Flag

    3rd time already. Yes TRGP is the stock I expected to get in the merger and it is the stock delivered to me in the merger. TRGP magicaly appeared in my account yesterday. No one but you was confused about what they were getting. Take the hint.

  • Reply to

    OVERALL DISTRIBUTION

    by friendlytrader Mar 3, 2015 1:32 PM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Mar 3, 2015 1:39 PM Flag

    Dude. TRGP is what you will get. TRGP's LEGAL name is Targa Resources Corporation.. It is what I and everyone else expected to get. It is what is sitting in my account as we speak. this isn;t rocket science. Stop trying to make things so difficult.

  • Reply to

    finally added again

    by jimjones1962oil Mar 2, 2015 3:05 PM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Mar 2, 2015 4:16 PM Flag

    I added a small amount as well. I'm not buying a lot of anything energy right now. Nibbling here and there. they have a lifeline here. Don't screw it up.
    Did anyone hear what was said comparing the Parker and Nettles wells in the oil window?
    I almost gagged when Walker said he was spending most of his time on the UEO sale. I had flashbacks to multiple conference calls where he said he was spending all his time on the Utica Monetization.

  • Reply to

    Cash distribution

    by joencarl Feb 26, 2015 10:03 AM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Mar 2, 2015 4:12 PM Flag

    My ATLS shares appeared before the open. My cash and TRGP shares appeared just after lunch time.

  • Reply to

    TODAYS (3-2-15) PRICE ACTION.

    by friendlytrader Mar 2, 2015 3:02 PM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Mar 2, 2015 4:11 PM Flag

    You are the only one I know of that is confused. The terms of the merger were very clear. As for the selloff, you must not follow too many MLP's or energy names.

  • Reply to

    TRC Shares

    by friendlytrader Mar 2, 2015 1:14 PM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Mar 2, 2015 1:20 PM Flag

    TRGP internally they refer themselves as Targa Resource Corp

  • Reply to

    ATLS.WI

    by artist_formerly_known_as_pooch Feb 24, 2015 11:12 AM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Feb 27, 2015 4:09 PM Flag

    Friday Close ATLS.WI $9.75 779,000 shrs traded

  • Reply to

    ATLS.WI

    by artist_formerly_known_as_pooch Feb 24, 2015 11:12 AM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Feb 26, 2015 5:24 PM Flag

    Thurs ATLSWI close $10.00 292,000 shrs traded

  • Reply to

    ATLS.WI

    by artist_formerly_known_as_pooch Feb 24, 2015 11:12 AM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Feb 25, 2015 4:03 PM Flag

    ATLS.WI close
    $10.01 502,000 shrs traded

  • Reply to

    ATLS.WI

    by artist_formerly_known_as_pooch Feb 24, 2015 11:12 AM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Feb 25, 2015 1:23 PM Flag

    $9.86 218,000 shrs traded Wish I was quicker yesterday and saw the sub $8.35 offers

  • Reply to

    ATLS.WI

    by artist_formerly_known_as_pooch Feb 24, 2015 11:12 AM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Feb 25, 2015 10:29 AM Flag

    Currently trading at 9.70 x 9.71 16,000 shrs traded at 10:17 EST

  • Reply to

    Updated Formula

    by parisite76 Feb 24, 2015 4:08 PM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Feb 24, 2015 4:17 PM Flag

    .1809 x TRGP
    9.12 cash
    .50 x ATLS (1/2 share ATLS)

    ATLS.WI closed at $9.50 on volume of 1.445 million shares

EVEP
16.42-0.12(-0.73%)Apr 17 4:00 PMEDT