One must-buy dividend stock
Matthew DiLallo, The Motley Fool 5:20 p.m. EST November 14, 2013
BreitBurn Energy Partners (NASDAQ: BBEP ) recently reported a terrific third-quarter. Oil and gas production hit a record, and is up 43% year-over-year.
BreitBurn Energy Partners is up 43% the past 12 months.
For BreitBurn to continue growing it needed to raise equity capital.
This is a company that has plenty of room to grow its payout.
BreitBurn Energy Partners (ticker: BBEP ) recently reported a terrific third quarter. Oil and gas production hit a record, and is up 43% year-over-year. The company's focus on high-margin oil growth has really paid off, as it represents 61% of total production.
This oil-rich production is falling right to the bottom line. Last quarter the company reported that it was able to earn 30% more than it paid its investors in distributions. That said, if there was one concern about the company, it's the fact that it has put on a lot of debt this year. The company really stretched its limits when it made a big oil deal this summer that was funded completely with debt.
I am not asking anyone to BUY BBEP just because I am. It should be noted that BBEP is going to a monthly pay dividend in 2014.
I hope that you all have a nice day, I am!
Breitburn Energy Partners (BBEP) is an E&P concern organized as a master limited partnership and the The company has mature long-lived reserves and has grown through acquisitions as well as organic growth.
The shares yield over ten percent (10.1%) and the company has consistently and incrementally raised its payout since emerging from the financial crisis. Revenue growth should clock in at over 65% this fiscal year and analysts believe another ~25% gain in FY2014 is in order.
After losing money in FY2012, the company should post 70 cents a share of earnings in FY2013. Analysts have $1.10 in EPS pencil in for FY2014. The shares are priced just over book value.
The company just announced it will raise additional funds by issuing 15mm new shares. These proceeds will be used to retire debt. It should be noted that raising additional capital to expand or retire debt are a core part of this type of entity. In addition, insiders have been net buyers of the shares in the last six months, which is a vote of confidence by my perspective. I added more shares to my position today.
This is news available for the internet and is not just my opinion. There are many that disagree, so let them.
I am only interested in me and well I am doing just fine.
Have a happy day.
I see my posting is continuing to raise the areas of concern of those who FEAR me the most.
Picked up another 10 messages with my program either putting any new ones on ignore or keeping the old ones ignored.
First of all you cannot change the mind of idiots.
You will notice they only use snippets of time and do not tell the bigger picture.
They choose their ID's from people who they know or are just another ID they created, any other ID is just me posting as someone else. Do I really need other ID's? Only in their mind I guess and is all because of FEAR.
We know that they lie on the short selling because while they say it they can never prove it. Plus they do not know the rules.
Your broker can only make the “short” sale on an “up tick,” meaning the stock must be going up. This is to prevent a bunch of short sellers from jumping on a declining stock and driving down the price even further.
There are many more but this is just ONE.
My suggestion is to not let them draw you in to a conversation as they only have one view and it is always a lie or based upon an opposite view of yours. They want to see the board filled with arguments and not ideas about investing or other ideas concerning other stocks.
Have a good I am with 20k+ dividend payday today!
Must be a reaction to the Dividend pay that happens today and tomorrow. They just do not understand that when money goes out that the PPS will also drop.
As the paydays today and tomorrow should cause the PPS to drop and allow for a significant return down the road. The resurgence of the markets especially in the MLP area will allow for the rise in the PPS. In addition you will be paid the dividend. There are many that seem to forget that the dividends will cause a temporary drop in the stocks. Yesterday it was announced that BBEP would commence with a public offering of 15M units: See news article.
LOS ANGELES, Nov 12, 2013 (BUSINESS WIRE) -- BreitBurn Energy Partners L.P. (the "Partnership") BBEP -4.72% announced today that it has commenced a public offering, subject to market and other conditions, of 15,000,000 common units representing limited partner interests in the Partnership ("Common Units"). The Partnership intends to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 Common Units. The Partnership intends to use the net proceeds from the offering to repay indebtedness outstanding under its bank credit facility.
While many do not understand the reason for the public offering it is a way especially for those entities such as MLP's and other investment groups to raise the capital needed to promote growth and expand their business because they must return 90% of their profits to the unit holders as mandated by law. The one's it affects the most are day traders who may see an opportunity but are too late to the buy, but will most likely indicate otherwise. I would suppose there will be an overwhelming vote of confidence sent out by those who like to promote such events to their advantage. They just do not understand. But you cannot fix stupid, so let them go.
Not a problem as they seem to think that they can get to me. Remember I still read all their messages that is why the keep adding newer ID's. Their story is a complete lie and is only posted thinking I read them.
I don't need their advice to be successful and from what I understand they don't need mine. I will keep on as I have before and if they do not like it tough. I will do very well. If they only really knew instead of guessing.
Tomorrow most of the quarterly dividend stocks actually start paying the dividends.
They are petrified of me, in their effort to effort to thwart my investing operation. They concentrate on what they think I have and can't deal with the facts.
I will give them 5 more that I have held for exactly one year
YNDX up 72.19%, MCK up 70.60%, KKR up 62.04%, SSW up 49.68% and BMY up 62.43%, all into an IRA rolled over from a former employer and put into a ROTH..
Too bad they cannot compete.
A quote from #$%$ Cheny says it all.
It is easy to take LIBERTY for granted, when you have never had it taken from you!
May God bless every Veteran and Serving Member of our Armed Forces!
So the lonely one lost big-time on TSLA
Figures as they claim to play the short game without knowing how!
Did you get any snow?
I can see BBEP really going somewhere should the XL pipe be approved. Going to a monthly dividend will also help the stock price. I do not expect any big run to the top unless a buyout occurs as the 1 year price is only a 6.50 swing. But they pay a nice dividend. Depends upon what you want......So they lost on TSLA. Sound like a repeat of their AAPL debacle or their CLF investments. Is what happens when some see through their curtain and why they continue to hide their real numbers? Happy that I do not have to work with an individual who is not trustworthy. I see I caught another ID. I will have to get you the program I use if and when you decide on using the ignore feature. It scans recent messages looking for particular common phrases or words that continue to use, obviously it can miss but so far as much as I can tell only once. Of course anyone with any real knowledge can overcome it by knowing the words they are using or the patterns they use. Of course once the new pattern is defined, they have to change it again and is a monumental task to figure out what I am looking for. It's like trying to figure out a password that changes daily. Only good for a short time. They are really not sophisticated to understand the trails they leave.
Of course there is very little that they know anyway. For instance once they use a new ID they believe that it is good and will post several messages using same ID. My little program keeps track of the number of attempts per ID that are ignored. You can tell idiot's reigns on their side of the fence as they cannot handle it. LMAO,LMAO,LMAO,
Talk to you tomorrow as it will be late when I get back.