VNR Appears To Be Gaining Traction
VNR closed at $26.07 yesterday which is up $7.07 or 37.2% from the $19.00 bottom of about a month ago. $6.97 up from here, or 26.7% reaches the $33.04 top
At this point in time we are closer to the 52 week high of $33.04 than the month ago $19.00 bottom.
The late John Templeton said "Fear Creates Opportunity"
I believe you are missing the point to my question.
I asked who owns (owned) Minion? And as long as you mentioned Avalon-them also.
Just because they have different names--ACAS-ACE 3- ACAM---they all have the same people wearing different hats working for each of them --So IMHO it is ridiculous to say one or the other alphabet companies didn't know whats going on. Minion was owned by ACAS -Thats a fact - The announcement now of a sale Is also a fact-To say ACAS was not involved in the negotiations is IMHO A BUNCH OF NONSENSE. And it doesn't pass the smell test
There should not be any 8%-2% or 80/20 split . IT SHOULD NEVER HAVE BEEN SOLD_TRANSFERRED OR IN ANY OTHER WAY MOVED OUT OF ACAS while negotiations were pending.
I believe it was John Templeton who said " Fear Creates Opportunity"
Lack of transparency creates fear.
Can anyone out there tell me who owns (owned) Minion? How gets the profit on the Minion sale? And if it isn't ACAS---Why??? I don't believe that ACAS didn't know about this sale before it was transferred. Thats a bunch of BS and probably is a major reason for the current market action today and recently.
So far Mr Market is not impressed with whats happening here. Many possible reasons for that
1) Market doesn't know (No company PR)
2)Market doesn't care(Been disappointed before)
3) Market not impressed. (Too complicated and too drawn out)
4)ACAS has many disappointed shareholders(Both present and past)
5)ACAS jumps from strategy to strategy(Yes buybacks-No Buybacks- Restructuring-Now-Later-Nobody knows)
6)ACAS doesn't appear to know what they are doing. (Selling portfolio Companies to affiliates and they sell them almost immediately for huge profits)
So I as an average investor in ACAS ask the question---Do they know what they are doing? Because if they do-It would be nice because if I knew, I might be a buyer. AND SURE AS HECK IF OTHERS KNEW THEY MIGHT BE BUYERS ALSO. Right now we are on the trusty system
Frank Semple came to MWE as hired help brought in by John Fox the founder. John Fox was the visionary with an organization that recognized Frank Semple as a young visionary to grow MWE into the juggernaught they both were looking for, but neither could build without the other.
John Fox was smart enough to do two things--
1) Recognize Frank Semple's abilities and
2) Brought him into MWE and let him build it without interference.
Key takeaway from Slide #7-----
From 2014 to 2040, shale gas production is forcasted to increse by over 100% and in 2040 will account for 53% of total US natural gas supply.
RESOURCE PLAYS WILL CONTINUE TO DRIVE MIDSTREAM INVESTMENT ****** FOR DECADES TO COME **** AND MARKWEST WILL CONTINUE TO FOCUS OUR INVESTMENTS IN THESE AREAS.
DECADES---is a long-long time
We are the largest processor and fractionator in the Marcellus Shale and provide fully integrated natural gas midstream services----
After telling us they are the largest in the Marcellus -- they tell us in Slide #12 that they forcast a 55% Average increase of Processed Volumes (MMcf/d) from fiscal 2014 to 2015.
and follow up in Slide #13 by telling us that MarkWest has 24 completed facilities in the Marcellus with an additional 16 facilities currently under construcion--11 of which will be compleded in 2014-2015 with the other 5 in early 2016.
It would appear to me that with all this multi-year growth projections it should be considered multi generational and there will be many more facilities and expansions announced over the coming years.
sell all you want. Pay all the taxes you want. The big problem with taking a profit is finding something else thats better with the net proceeds after paying the taxes and then watching the sold security continue up in price while the new one you just bought possibly go down .
By the way ACAS should trade so much higher than current prices its ridiculous and if you keep ACAS you don't have to pay taxes now.
Received the new dripped dividend shares on Nov 12th . Received less dripped shares this month because the NAV was $10.311. Last month the NAV was $9.665
Next X-div is 11/25/14 and payable on 12/10/2014 with the drip a day or two later.
All anyone needs with this investment is patience not to do anything but wait.
And don't forget the "Battery" business has a bright future ahead of itself with the Electric car battery being perfected. Duracell and BRK money will somewhere find a way to get involved going forward. Warren Buffett doesn't buy for yesterday---or for today--- HE BUYS FOR THE NEXT 10 TO 20 OR 30 YEARS.
Yes I know. I have a large growing position in PSEC for the past 2 years. There has been major insider share buying also. A massive monthly dividend and PSEC is also selling below NAV (Currently about -10%)
Sometimes it might be more productive to make the rest of your portfolio perform better so another equity doesn't become too large a part of the portfolio.
Selling because it has done well is not IMHO a reason to sell.
IMHO your cost basis should have nothing to do with a selling decision other than for estimating your tax obligation due to the sale.
You paid $2.11 but you received a lot more value for that $2.11. You bought value that was much greater than that. Greater than the under $10 you sold it for. Greater than the $15.51 it is currently selling for now. The NAV is about $20+ and with the restructuring now on the table and the dividend coming it could be worth near $25 to $30 in the not too distant future
Considering you are the one that said that "MWE has not moved in 1 year" it appears you are the one that is clueless and lying to the group with your selective nonsense.
The people (institutions) that have purchased from $72 up to $80 and still hold it made an investment decision that so far has not provided a profit. That doesn't mean it won't be profitable in the future. If they can't or won't wait then they should sell and pick another investment that might suit them better in the short term. However, there might be volatility in their other selections also
=== I am buying only with great prices EQM TEP SMLP MMP ETE WES ATLS Everybody has to get smarter=== So I assume nobody will overpay in the short term if they buy from your list because we will all be smarter. Just like you
=======MWE has not moved in 1 year. ======
One year ago MWE's price was $67.15 Today's closing price was $70.91 That's $3.76 price appreciation -Plus MWE has paid $3.50 mostly tax deferred distributions. totaling $7.26 . Based on the one year ago price of $67.15 that comes to 10.715% total return for the year. While many might not believe that is worthy of bragging about at cocktail parties to make other people jealous it is good enough for me, considering MWE is in a major multi-year growth phase that should continue to increase the returns for the next few years.
Thanks for the reply. I was doing good on Part 1 and I think I understand it.
Part 2- I believe both paragraphs refer to ACGI and neither to ACI.( What about the taxability of the income from ACI)
You also said---The equity will be INCOME PRODUCING unlike the ACAS of the past ( I need help with that one also).
It appears ACAS is making progress towards the split up/spin off Whatever form it eventually takes.
Your estimate ------
---- That would give us between $1.20-$1.44 per your current ACAS shr per year dividend run-rate (but ACAS not paying a dividend, only ACI+ACGI) by the end of next year (assuming the split comes before that).----
=====And I fully understand this is a guesstumate with a lot of moving parts===== My question that nobody to my knowledge has brought up is---
Will the dividends/distributions from either ACI and/or ACGI be considered Tax exempt-Tax Deferred-Tax Sheltered-Return Of Capital Or will they both be considered taxable payments.
I would be interested in sheltering as much income as possible for as long as possible, And I believe there are others in the same boat. They just might not have thought about it ---yet.
Any thoughts on this, would be appreciated.
Thanks for all your hard work.
There is a story about Yogi Berra when buying a Pizza was asked by the counterman if he should cut the pie into six or eight slices?
Yogi replied--"Make that six slices, I'm not very hungry."
VNR is an MLP and improving EPS is irrelevant with a partnership. If you are looking for improving EPS stay away from MLPS.
You don't know that because that wasn't disclosed.
And even if that turned out to be true, it would be beneficial to all stockholders at the time. The "rights" received would be valuable and could either be sold on the market for cash, if a shareholder didn't want to "exercise" the rights to purchase additional shares at a below market price or buy the additional shares below market.