I must agree with you, no cut for cuts sake. unit price erosion is bad for the company and its covenants. Clearly this co is looking at far different issues than Line. Just read the Wunderlich report and see that this co is better postioned than most and will pay at least double digits based on price for years to come.
I dont think you can compare memp to line. Yes i would agree they may cut in the future but with their balance sheet and hedges there would be no reason to suspend the dividend.
agree with analysis and in spite of all the negatives, this one stands out due to long term hedging. and while maintaining current distribution going out is sustainable or not, paying double digit yields is.
We will see how they fared with capex cuts and non hedged oil this quarter. Should be a harbinger for rest of 2015. If cc from last was correct and no acquisitions are made expect continued distributionat current rate thru this year.
Never 135 but buyback is window dressing. 1 bil on a stock with market cap of 60 bil is nonsense. Put forward some real money and take shares off the table
Looks to be viable at very very cheap oil, thus with good hedges til q3 2016, this flies with higher oil, pays 0 but survives at bleakest in oil prices
Have to agree. Only Memp has better long term hedging, yet mcep can withstand oil at prices much lower than what we are seeing now without going out of business and still being able to pay something.
Dont worry. WS drives good cos down so they can buy them cheap for the next run up and this will run up. Just read analysts reports and pts
Just remember he said 7 eps in 2016. This will comeback easy if he is right. PTs of 130-140 will easily be achieved with those type of earnings
Buying back at these levels is free money. And this will pay minimum of 6 dollars over next 3 yrs. i will take my chances with the several thousand shares I bought today. Distribution is too good and solid at these levels. Once hedges run out on other mlps oil prices will go up and memp sitting back on 3 years of great hedges. And will start to make some nice accretive acquisitions
Listen to the CC! Aldrich reiterates that EVERYTHING tech goes thru swks. We are not rangebound by Apple. THis is not a kidding story. They are the leader
exactly after listening to CC all the analysts were praising their quarter and trumping their guidance. Maybe some eval will come out today or monday