By .02 but that is a good step in the right direction. Way to go Barry Davis.
Previous guidance guidelines have been side-stepped because of various incidental expenses that the company did not foresee. I don't remember the exact years, but these were the Crosstex years, when it happened.
Botttom line..do you feel confident that ENLK will make their guidance guidelines for distributions for unit holders based on the numbers you presented above for the next 3 quarters (and I wonder where it will go from there)?
So, do we have to worry about all of that swizzle stick craziness of the IDR's of the GPs dividends possibly putting the screws on the upward growth of our distributions or do we become the new KMP or whatever with a fat distribution by the end of 2016? Does anyone forecast that this trickle-down from all the mergers will start producing more than just .005 increases per quarter? The street has us a BUY (ENLK) and they are bullish, and I for one would like to see more than just a .005 increase every quarter. There is Devon, Howard Energy, (who am I leaving out?) all pretty big earners. Fixed fee contracts and contracts based on the price of oil/gas/BOE. Finance Yahoo predicts massive percentage growth. Time to share the wealth.
I read in a couple of financial sheets that MEMPs distribution was safe through 2017 because of some hedging they had done (which quite frankly I don't understand), but nevertheless, if this is true, and secondly I do expect OPEC to put the screws on the U.S. to drive down the price of nat gas and oil through fracking so we remain dependent upon OPEC (we get oil and gas, they get F-35s, F-15s, AWACS, and refueling aircraft. Nevertheless, how much longer past 2017 will MEMP be able to pay the level of distribution that it is paying now, or how much of a decline wiil it suffer because upstream E&P's are not making the kind of money they once were, and what is this hedging &$^% I've been reading about Thanks for your help.
I am worried with oil and natural gas prices collapsing around the world, even meeting this year's levels will be something of a miracle.
the damn distribution for this quarter should be .39-.40 cents per unit, or we are getting smoke blown up our trouser legs
The Seeking Alpha site was really beating up MEMP yesterday saying that its distribution would be going into the dumper, because of their long term debt and stock dilution, yada, yada, yada. Does anyone believe that this distribution was a one time gig and that MEMP is going to pull back on its distribution payout level, seriously? SA's columnist even said he was dumping his units. In the words of Bugs Bunny: "What a maroon".
That's the drug doing its work. Fortunately, the plaque on the brain the causes ALZ is slight and we're hoping that it stays in check. Thanks for asking.
You are probably right, and that is why I said don't waste money on Alzheimer's drug mfg stock. They don't work. I can't remember if I had dinner or not and that was two hours ago. Liza probably told me 90 times I can't remember.
You said $1.47? What happened to the supposed 10% or better increase in the limited partner distributions? The finance statements posted on yoohoo shows the new company making money fanny over teacups.
will it probably be paid in October? And is that the 3d qtr or the 4th qtr for the year? If you bought stock in the company that is offering the ALZ drug you wasted your money...it doesn't work.
But, back to the subject...bets on what the payout will be?? I am betting on .38 per unit. January of next year maybe, if smoke has not been blown at us...then maybe .40. Any thoughts from the accounting wizards who read the financial statements and can get to the point of those things in a heart beat?
If I did my aritmetic right. $70/shr X 18500 shrs = $1295000 (value of shares) X .025 distribution = $32375/qtr. Is this right?? Hell, I would settle for $50/shr and .04 distribution = $37000 qtr. Is this correct?
Sentiment: Strong Buy
Well, that would be great because i would be getting close to $10K every qtr...whatever they happen to define a quarter as now.
I follow your logic and it is 100% correct provided the unit holder did not buy on slump day and then the
market recovered, in which case, they would actually be getting a negative impact on yield, but for those who bought cheap and rode out the storm(s) they are realizing a huge ROI (if they sell, which I don't recommend, because it seems that the slightest ripple in the water, i.e. a large sale order can cause your model to go blooey for the time it takes to recover to the point where the units were bought and then the rate of return is back to the 4+% range it was in previously.
You stated ENLK will get to .45/share/qtr. Will this happen this FY or sometime in the next fiscal year? I wonder what our DCF multiples were after the last payout?
The reason I ask is because there is a DE and a Texas Congressman who are working in the Senate to expand the scope of MLPs, particularly when corporations are not really paying out a fair dividend, even after CAPEX is included, so they wish to change the securities laws:
The Upside of Alternative Energy MLPs
5/27/2014 By Robert Rapier
A little over a year ago, legislation was introduced to expand the universe of Master Limited Partnerships (MLP) to include a number of renewable energy technologies. The Master Limited Partnerships Parity Act (MLPPA) was sponsored in the Senate by Sen. Chris #$%$ (D-DE) and in the House by US Rep. Ted Poe (R-TX).
The summary of the MLPPA (S.795
Sentiment: Strong Buy
Moneynomics mentioned back on the 7th of May that ENLK was to have an "Investor Day". What was going to be the agenda for this meeting/conference call/hoedown whatever. Did it even occur. Was it more fluff of great things to come or just free cotton candy and goat rides for the kiddees? I am being sarcastic to say the least, but if they did have this "Invesotor Day" and said something re: the growth of distributions for the unit holders, dividends for ENLC holders, etc. I sure would like to know what it was and what the best and brightest of you came away from the "Investor Day" proceedings with or not having enough information to formulate any opinions at this time.
We are only get 4.6% distribution payout where other MLPs are getting 5% (KMP) to 7-8% (MEMP, et. al., inter alia). I wonder if we will get back to a 6% distribution payout/qtr. which would be .45/qtr or is this just pie in the sky wishful financial thinking?
MLPs are supposed to payout all of their earnings with the exception of CAPEX for growth and maintenance to the unitholders. I don't know where you got the 5.2% figure from but I did not see a distribution announcement for this quarter and 2) the company had been touting a payout of .3875 per unit per qtr to each unit holder for each unit they held. I have not seen that. Pigs have been reported on the FAA/ATC radars flying between 20 and 35000 ft.
Sentiment: Strong Sell
Can someone explain, very simply, how the C units and the B units are supposed to be merged together and the date when this is to occur? And then what will there be ENLK and DVN only?
Very confused by all these units floating around some getting a large dist share some not, some dragging a mountain of debt behind them and others not.
I had not heard of the KMP deal. I would let XTEX management do all the driving on the midstream and pipeline business and DVN can do what they want on the upstream side and seperate the two. I want to make money.