I don't disagree, must be some of the ol' Babcock and Brown culture creeping in. They do hope to get into other energy related projects. I do like ABY more than PEGI.
Starting with DPR, cash flow is increasing. Then, we have numerous other capital projects ahead. No distribution cut in our future.
Dakota Prairie Refining has named Mary Trost as its plant manager.
The Minnesota native who previously served as operations manager at BP’s Cherry Point Refinery in Blaine, Wash., will officially take command of the facility on May 18. She will replace Dave Podratz, who has been serving as the temporary plant manager.
Trost has more than 25 years of experience in the refining industry. She was chosen by WBI Energy Inc., which co-owns the plant, located west of Dickinson, with Calumet Specialty Products Partners.
“We’re excited to get her in place,” said Tim Rasmussen, a spokesperson for WBI Energy’s parent company, MDU Resources Group.
Trost has a Ph. D. in chemistry from the University of California and also graduated from the University of Minnesota. Before her work at Cherry Point, she was the maintenance leader at BP’s Texas City (Texas) Refinery.
She was unavailable for comment.
The nearly-completed Dakota Prairie Refining facility is expected to refine 20,000 barrels a day of Bakken crude oil into diesel fuel, as well as other byproducts.
However, its progress toward operation, which began with a March 2013 groundbreaking, has been slower than expected. Rasmussen said the goal of having the facility fully operational by the end of May looks certain.
Yes, its been running as part of commissioning activities. There is performance guarantees that Westcon/Ventech must meet before all else
KILGORE, Texas, April 23, 2015 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (MMLP) announced today it has declared a quarterly cash distribution of $0.8125 per unit, or $3.25 per unit on an annualized basis, for the quarter ended March 31, 2015. The quarterly distribution is unchanged from the distribution paid following the previous quarter. The distribution is payable on May 15, 2015 to common unitholders of record as of the close of business on May 8, 2015. The ex-dividend date for the cash distribution is May 6, 2015.
Indeed. Margins have increased for producers. I work at one so I'm in the loop as far as that is concerned. We're expanding and have been operating at max capacity for some time.
Could be an interesting addition to an income portfolio. In this space, I really like Sunoco/Susser ticker SUN.
GPM Petroleum LP, which distributes motor fuel to GPM Investments' acquired convenience stores, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
GPM Petroleum LP primarily distributes motor fuels to the more than 500 convenience stores owned by GPM Investments, most of which operate under the brand name Fas Mart. GPM is the third largest US distributor of Valero (NYSE: VLO) motor fuels, and the largest on the East Coast.
The Richmond, VA-based company, which was founded in 2003 and booked $1.5 billion in sales for the 12 months ended December 31, 2014, plans to list on the NASDAQ under the symbol GPMP. Raymond James is the sole bookrunner on the deal. No pricing terms were disclosed.
Deepsea and I like this one. They announced another increase in distribution.
OCI Resources (NYSE:OCIR) declares $0.538/share quarterly dividend, 1.2% increase from prior dividend of $0.5315.
Forward yield 9.44%
Payable May 15; for shareholders of record May 1; ex-div April 29.
I own CORR. The Tortoise guys know what they're doing. Very solid, conservative income play. They're targeting 6-8% div growth annually. I like it. I also like PEGI but bought around 25. If you like LP's, OCIR looks good at today's prices.
MIC experienced an ascending triangle breakout. Its a 100 stock with ease in time. In the infrastructure space, BIP is more attractive at today's prices. I own both and hope to add to my positions in each.
Good idea. Who has the time to troll boards with nonsense? Anyhow, PEGI is going up!
Feel free to contact their Board. The contact info is on their website. In the mean time, don't buy. I'll buy on any weakness. You might want to consider BIP or BEP while you evaluate MIC. By the time you buy, the price will continue to go up now that the chart says we've experienced an ascending triangle break out.
No, I plan on holding a very long time. Macquarie Management owns a large chunk of shares.