To bolster me thesis, look at CEQP and SXE. No news, unit price plummeting. Am I actually replying to myself? That's the first sign of insanity.
This is a forced liquidation by one or more institutions because Azure's market cap fell beneath the institutions minimum investment guidelines. In for my last 700 at $4.10. GLTA.
Thanks for you analysis and posts jrfillion. Am retired and will collect the distributions while waiting for the rebound. The future of natural gas is bright and I think Azure is strategically positioned. Small float and institutional sellers have pushed the unit price to bizarroland. GLTA.
Well there is a post on the InvestorVillage message board indicating that NGLS has the most requested 1 on 1 meetings at the RBC MLP Capital Conference (to be held this week in Dallas). Yahoo will not let me post the link.
Chief Financial Officer Kalamaras Departs Azure Midstream
- Former Marlin Midstream CFO Mandy Bush Steps Into Position -
DALLAS, Nov. 13, 2015 /PRNewswire/ -- Azure Midstream Energy, LLC ("Azure") and Azure Midstream Partners, LP (the "Partnership") (NYSE: AZUR) announced today that Chief Financial Officer ("CFO") Eric Kalamaras is immediately stepping down as CFO and after a transition period thru the end of 2015, will be leaving the company to pursue other business interests. Kalamaras served Azure as CFO since January 2013, playing an instrumental role in pursuing the company's strategic interests including the acquisition of Marlin Midstream Partners, LP ("Marlin") in February 2015 at which time he also became the CFO of the Partnership.
Stepping into the position immediately as interim CFO, will be Mandy Bush, Azure's VP of Strategic Planning and Human Resources. Bush is extremely familiar with the Partnership's assets and operations as she previously served as Marlin's CFO, where she helped successfully complete the initial public offering of Marlin in the summer of 2013. She is a certified public accountant with over 12 years of experience in energy finance.
My email to investor relations:
"When are you going to call this deal off? When the units are at zero?"
Negative debt rating on private parent was misinterpreted by the market according to analyst and CEO. "No impact on the MLP and the partnership."
The analyst's questions were the most useful. They tried to get management to commit that the distribution would be the same or more in 2016. The problem is that it is impossible to commit to, because it is based upon their customer's volume levels and these levels are "in flux" according to the CEO. So like all the other midstream MLPs, if the natural gas price goes up, more gas will be pumped and transported. Customers are "cautious about commodity prices" but "optimistic on costs declining." GLTA.
Thanks for following up. I must confess that I copied and pasted and did not give credit to poster hs120 on the InvestorVillage MLP board for that post. If you have not visited this free message board, you may find it a good resource of MLP info. GLTA.
DALLAS, Oct. 27, 2015 /PRNewswire/ -- Azure Midstream Partners, LP (NYSE: AZUR) announced that the board of directors of its general partner declared a quarterly cash distribution to its partners for the third quarter of 2015 of $0.37 per unit, or $1.48 on an annualized basis. The quarterly distribution will be paid on November 13, 2015 to unitholders of record on November 6, 2015.
The downgrade was to Azure Midstream Energy, LLC, not to AZUR. The moody's downgrade was dated 10/27, but was only posted today. A 21% haircut today seems excessive. A week ago AZUR was trading above $10.
Motley Fool article...
Master limited partnerships are known for their above average yield, but investors need to look beyond yield and seek out these five qualities in an MLP investment.
In an era of low interest rates, income investors are hungry for yield. One area that has been satiating that appetite for income is master limited partnerships, or MLPs. However, investors should avoid investing in an MLP based solely on its current yield. Instead, investors should look for the following five characteristics in a potential MLP investment.
1. A master limited partnership should have a bounty of fee-based assets
As we've seen over the past year, commodity prices can change on a dime. That can have a devastating impact on companies that derive their income from commodity prices as it fluctuates with those prices. That fluctuating cash flow isn't something income investors want because it could cause an MLP to cut its distribution.
Because of this, investors should seek MLPs that derive most of their income from fee-based assets because this provides stability. A good example of this is Targa Resources Partners (NYSE:NGLS), which continues to steadily grow its fee-based income as we can see on the slide below.
SOURCE: TARGA RESOURCES PARTNERS INVESTOR PRESENTATION.