I am out! #$%$ on delaying earnings with this cheese di@$ announcement. Thoroughly disgusted with Crum. Probably a great indicator that it will rise but I don't care, no confidence with this move
This is "sensational" financial journalism to sell Barron's and I may be naive, but I expect more from Barron's! Why not a proper counter argument from a analyst that has a buy rating? There are 19 other analysts on Kinder without one sell! Instead , they trot out this hack and make "look out below" -what rubbish! Why don't they have the cover with justin beiber in a bathtub fill of oil smoking a crack pipe? That would sell even more Barron's! Thought they may have learned with Linn but no. Lost faith in Barron's and their objectivity. See ya
As a Barron's subscriber I am very upset on this at remoter hatchet job of kinder. Even worse, is the online version has a direct link to the Linn hatchet job by same author, with same hedgeye hack as a reference. Btw, my best return for 2013 was buying Linn as it fell from these two clowns. Be that as it may, the author fails to recognize that the reason growth is slowing is that the natural gas storage and differential issues facing the industry are present with KMP and EPB, therefore KMI. In light of this they all are growing their 2014 distribution with above 1x coverage. That is the power of kinder in a nutshell! Even in difficult times they can grow their business. The article could have been more positive or even acknowledged that Richard kinder has grown this to the third largest energy company in the wake of Enron, where scrutiny is higher than ever. But no, he ends this hit piece with the same exact "look out below" BS he ended the Linn article with. On Monday I am doing two things. 1. Canceling my Barron's subscription and 2. Buying more KMI if it dips- I stand with Richard kinder! Lastly, I already know what Andrew Bary's headstone will read "here lilies Andrew' repeatedly shouted fire in a crowded theatre until nobody listened, then he died"
Listened to conference call and have to agree with you. I am a little concerned about a secondary but if results come in better than expected, or drop downs to MEP continue, they may take that off table. Established my initial position in EEQ at 26.31, a yield over 8% so hoping downside is limited from here.
Going to have to wait for an S1. There may be IDR's as well as CVRR can allocate capital more efficiently. Two separate managements that focus on the core business only, thereby maximizing growth potential. Even if we do not get a stake there are real benefits for CVRR shareholders. All the refinery MLP logistics spinoffs, TLLP-HEP-MPLX-PSXP, have been very good deals for the underlying refinery stocks,. Listen to their conference calls and they all rave about decision.
This company is doing great and 1st quarter will be great. Awhile back I asked about a log MLP coming out of CVRR and Liza shot it down. Well, they just confirmed they have every intention of spinning off the log assets into an MLP- great move and we will benefit. No reason this stock trades at a discount to peers. I see a much higher price as we move into spring!!
Have to disagree with you. Think it is a given that they will do another secondary, even though we are at a 52 week low. In call, they said they will use all means and their presentation slide shows possible secondary for EEP and/or EEQ. Want to invest in EEP but feel it is dead money. At last year's EEP day they touted drop downs from ENB. One year later they reduced percentage in mainline expansion and do not even mention drop downs from ENB. The only thing they mention is drop downs to MEP, which is a laggard like APL and BWP. The NG storage business is dead until 2017 at best. Someone give a reason to buy here!! 3 to 5 percent dividend growth will not drive the stock and one more incident makes the 8 percent yield a 15 percent yield.
NG is trading at 5.54 right now and no one saw this coming. Crum stated on last presentation, when NG was at 4.12 that with a little help from NG returns could get boosted in MS and anadarko. Can someone please explain why they just don't hedge 100 percent of production at this level and juice cash flow? Very little is hedged right now according to December presentation. Linn energy hedges 100 percent of oil and gas to ensure cash flow, why not MPO. This could take the funding issue off table and allow crum to keep the LA property. What am I missing? Could this be the upside surprise at earnings us longs need?
Thanks and I will look at info on Anadarko from Apache. One thing that a lot of analysts don't seem to take into account with all the domestic production being added is that all the majors production is in decline. Shell and Chevron both just reported that. Where can I find a good reference of reduced production from the majors and the aggregate of what is being brought online from shale?
Just reread an article from the April 2013 issue of Oil and Gas Investor with the "Going Deep" title. It is a great article highlighting that the Anadarko is a multi stack pay, similar to Permian. The most interesting part is that the main interviewee is a rep from First Reserve who is very bullish on the Anadarko. Furthermore, he discusses three investments First Reserve has, the first two by name and a third which is going into Anadarko and has MS Lime properties. It is obviously MPO although they never mention by name. He states that First Reserves whole mission is to work with experienced mgt teams and build large acreage positions, increase production, and SELL, when timing is right. Think this really shows where MPO is headed and that First Reserve is a great partner for us retail investors. I urge all longs to dig out the April issue or Google it to see if you can read it. When I took a step back and thought it really reinforced my investment thesis and why I will stay long. Either way, BK not an option, have a focused partner in First Reserve who will guide mgt, and we will grow production. Whether we are ultimately sold or not, this is a great company in the E&P space. Just my two cents. Ken
Well, they have gone to great lengths to explain the type curve for the MS and that they are performing better than expected, so not sure why you would be suspect of them. The whole deal on the Anadarko is that it is a stacked pay area, like the Permian, and that if they can decode properly they could grow production rapidly, possibly surpassing MS. Also, their whole mgt team knows the play very well and diversifying the asset base is a positive, not negative.
$5.30 is where this stock really broke down so I am looking for it to get back there as we now have much stronger hands holding. Who knows, maybe the market is sniffing out some kind of deal. My money is on UNT buying some acreage or possibly the whole darn thing. What about a sale of the Hunton, Lincoln County, acreage? DVNhas been knocking out completions in Logan county, which is next door. Selling the Hunton and indicating more deals are in the works would really move this
This is a nonsense post. They have been very clear on the MS Lime. The Eagle purchase has been accretive to earnings and they have more than doubled production since October 2012. In their December presentation they list the number of wells and what they produce. MPO is the #2 producer in the Lime and their acreage is located in Woods and Alfalfa counties where the vast majority of completions are taking place. Below is from their guidance, which is also very clear.
"For the first quarter of 2014, Midstates estimates it will invest $125 to $135 million, with five rigs running in the Mississippian Lime, spudding 20 to 25 wells.......Based on the preliminary capital budget, Midstates estimates its full year 2014 production to range from 33,000 to 36,000 Boe per day, with 55-60% from its Mississippian Lime program"
Ha Ha! Not a fan of charts myself but I do know two avid chartists and they, if nothing else, are very disciplined. Once a stock breaks a lower low type pattern, they sell and look for the next stock in a trend. My point is that we hopefully broke the lower high trend that was in place for many days UNTIL today. $4.34 was high on Friday and we printed $4.35 today. Don't have to close above, from my understanding, to have violated the trend. I may be wrong because it is only what I have heard secondhand. Again, I don't believe in chart theory myself.
Hey, Mr. Chart: What does it mean when a stock stops the lower high, lower low trend? MPO has already traded higher today than it did Friday (has not done that in several days) and looks like the low today will be higher than Friday low. This could be a signal that worst of selling over?