One time event with sale of UK assets, future Dividends are: The dividend level shall reflect the present and future cash generation potential of the company Marine Harvest will target a net interest-bearing debt/equity ratio of less than 0.5x.
When target level is met, at least 75% of the annual free cash flow after operational and financial commitments will be distributed as dividend.
Never going to happen, no compelling financial reason to do so, this is a stark comparison between Pensions / Annuity and a self-directed IRA, when I retired I did a 1/2 and 1/2 (Pension / IRA roll-over), my IRA has done much better
There has been a wholesale Management change @ NLY , these guys are still on their Honeymoon, so IMO, patience, Stock price has risen given any change will be a positive ... now I have not done my Research on the new Players, they may be All-Stars, but let me see some hits
for discussion : I'm thinking something similar to 2004 when Falk spun-off Neenah, KMB shareholders received stock in the new Company, not sure w/Health Care's departure, the Stock will split , more an incremental impact ... I looked at the Jan CC, my take-away was nothing concrete except the Board will make the call in the 2nd QTR ...
I'm happy to see the bump in share price but have concern we may hear the weather has impacted schedule and costs for their new Refinery, hope I'm wrong
FYI , LSB is not the best of operations, my guess is that NG costs, low demand, low return, #$%$ weather drove this ... as you noted, not big player in the space ...
Yep, all you said is correct, however, is UPL's NG logistically applicable to LNG's export ? Yes and no, UPL is shooting for18% LNG exports, and most will come from the Marcellus and be run through D, in-that 30% of the NE USA's NG comes from the GOM, this is LNG's exports ... UPL is becoming more Wyoming centric ... IMO, unless exports really make a dent into 3.75 Trillion (which I see as good but not great given Chevron's huge export push in the Asia region) , I'm not getting overly excited about UPL's short term outlook ... to hedge my thought process, all bets are off with $4.5 NG and it does not hurt to be low cost producer ... making it simple just a macro level
I read this, there are better ones for INTC ... let me say, I don't necessary believe INTC will buy anybody, but for speculation ... tries these: XLNX , BRCM , MCHP or maybe some CSCO or IBM assets ...
For MLP's PE is not real good indicator ... look at (1) DCF (Distributor Cash Flow) (2) Coverage Ratio (does DCF cover Dividend, less than 1 is not good) , w/Coverage Ratio note the quality of the DCF , from borrowing is not good
UPL is probably the most attractive, MEMP is not far behind , some of the Trusts are cheap to , like PER and MVO
Agree with your opinion ... Low 20's NG (UNG) is not too far off ... surprised we do not see a stronger conviction in the Options