Perhaps. The equities of the situation favor ETP. It is as basic as making a deal and going back on your word.
The other thing is that the trial judge, in one of his orders, apparently denied the defendants' motion for certain evidence from FERC to be admitted. That evidence, according to defendants, would have established that ETP's damages are lower because the amounts that could be charged are lower.
If the defendants are arguing damages should be lower (not just about "we're not liable because..."), that's a bad sign for the defendants. If you're getting to the point of talking about damage amounts with jurors, many jurors believe that's a tacit admission of liability and it is not whether you owe, but how much.
It's difficult to tell if there was a motion for a directed verdict which was denied or whether none was made, but defendants are going to have to face the judgment of a jury.
To put Kaiser in perspective, during the 1999-2000 market run up and crash, Kaiser was in junior high school.
I thought management made it clear during the prior conference call that it wasn't going to happen during the first quarter of 2014. Thus, it was no surprise at all.
Laughable and nonsensical. With the BRY acquisition and high natural gas prices, that's the stock equivalent of Chicken Little.
LINE's going to blow away the numbers and the shorts will scramble to cover. This is the pause that refreshes.
Are these camels presently residing in the Marcellus or Eagle Ford shale? j/k
If there is a dividend increase, I think it will be announced at the annual meeting at the end of April.
Backwardization can also describe what happened to LINE this afternoon. If the Fed remains accomodatative, that keeps interest rates down, which is good for all the MLPs, REITs, etc, which pay high dividends. The selloff this afternoon is inexplicable.
I think this is right. The increase in the distribution was going to be delayed due to the additional acquisition costs.
The shorts are getting their faces ripped off.
My impression from the conference call discussing the merger was that LINE would consider raising the dividend in Q2, not Q1. Thus, I'm expecting an increase in April or May as well.
Price Change %Change
OIL 96.46 0.03 0.03%
NAT GAS 5.046 0.141 2.87%
GOLD 1253.20 -6.70 -0.53%
SILVER 19.42 0.011 0.06%
WHEAT 564.00 0.25 0.04%
One of these things is not like the others....
If people would boycott products with high fructose corn syrup, that would help solve the problem. Generallly speaking, if a product has high fructose corn syrup (or aspartame), I won't buy it.
The fact that the stock is barely down on below average volume isn't terribly surprising. The stocks which are getting hit are the ones that went up dramatically in 2013. Obviously, LINE doesn't fall in that category.
When you factor in the monthly distributions, that helps keep the stock stable too. If you're receiving the income monthly, no one is going to take it back.
Lastly, the weather has been brutal this winter with more in store. This bodes well for earnings and production.