I see that idiot Jim Cramer said he did not like ROYT because it was a "depleting asset". Usually when Cramer says buy, I sell and vice versa. Pointing out an oil trust as being a depleting asset is not exactly a sell recommendation ( just bloody obvious ) but I still will take great comfort as I load the boat down here.
Goldman analyst release a report today indicating the production in the Bakken will surprise Wall Street, and mention a few E& P company as benefiting from the boom. Even better for those of us holding NTI, they see a benefit to NTI ( duh I know but just read below and you will appreciate the support ). Their price target, is $30. Now some analysts are better than others, and I generally think of Goldman being in the top tier. They are capable of mistakes, but I have personally benefitted in the past from their calls.
These guys predicted $.53 versus the achieved $.68 last qtr, so they seem to be quite conservative in their projections. That is a miss of 29.3%.
Hey thanks for the alert on the updated CS report. I now have it in hand. Target price of $28. I do note their near term concern re distributions in Feb and May of 2014 they are predicting a return to higher distributions of $.88 and $.96 in the next two qtrs respectively.
2015 DCF is shown at $3.35 / share. At an $18 price that is an 18.61% yield so I would expect the market to adjust upward, even if there is some further short term turbulence.
Since you bring up Credit Suisse I went a pulled their March 15th 2013 research report. Target price was $34/sh. EPS for 2014 is listed at $3.80 ( and distributable cash would be higher ). The number you are quoting is the annualized last qtr distribution of $.68 ( i.e. $.68 X 4 = $2.72). Given last qtr had a major turnaround which both shut down the refinery for 1/3 of the qtr AND added about 10% to capacity going forward, I would wager a lot of money on this quarter being higher than last. How about you?
Given that every stock transaction has a counterparty, by logical conclusion you would never buy anything as in order for you to buy someone else has to sell. TPG bought the entity pre public trading, so I am quite certain they have a low basis and are now to a point where LTCG low tax rates are available. They look for these kinds of arbitrage transactions not distribution returns so to me them selling is logical and well expected. YMMV
More like 7 at this price and that would assume the dividend does not increase at all from a qtr that had a shutdown in it due to a major turnaround of the refinery.
Six percent on up on no news? Looks like someone needs to unwind the shorts and is buying up as much as they can get their hands on.
Write a scathing article, have it quickly pointed out that you return analysis understates the return by 50%, and then climb aboard. ONLY IN AMERICA!
Hearing rumors that Chesapeake's former head, and the guy who pretty much dicovered the Utica, is in fact the buyer. Given that Chesapeake problems probably put a crimp in sales in the Utica for awhile, simply due to the uncertainty, it would be ironic if he ends up buying up the play from Enervest and EVEP, would it not?
Traditional GAAP measures like earnings per share should not be relied upon for any partnership, StoneMor or otherwise. Non-GAAP metrics like distributable cash flow are much more telling of a partnership’s financial standing, and the company itself continually reminds investors of that when it releases its quarterly results.
On that basis, StoneMor investors have nothing to worry about. The company recently released strong quarterly results.
Production-based revenue, a non-GAAP measure, rose 5.3% year-over-year. Furthermore, the company’s adjusted operating profits, another non-GAAP metric, rose 8.2% versus the same quarter one year ago.
And, the company generated more than enough distributable cash flow to not only pay its massive distribution, but actually raise it for the third time in the past four distributions.
It's clear that demand for and the price of iron ore price will continue to fall : Said the genius. OOPS
Not a single post anywhere since June 23rd.
WFA take on the possibility of a taxable event? They say no:
EVEP intends to redeployproceeds from the sale to acquire mature PDP reserves (potentially via a dropdown from EnerVest). Under this like-kind exchange transaction, EVEP will beable to minimize tax obligations.