With the acquisition of Griffith Services to close in on the second QTR of this year SGU should move into the 2 billion in revenues a 16% jump. With management plan for more acquisition in the future SGU will continue to grow. JMO
This is why I bought BWP
As of October 1, 2013, it owned and operated approximately 14,410 miles of natural gas and liquids pipelines; and underground storage caverns with an aggregate working gas capacity of approximately 201 billion cubic feet and liquids capacity of approximately 18 million barrels.
Rev $520. million VS $516.5 million. Net income $19.3 million (.335) VS $9.5 million (.161).During the fiscal 2014 first quarter, net income rose to $19.3 million, an increase of $9.5 million, due largely to a favorable change in the fair value of derivative instruments of $13.4 million. Outstanding shares drop from 60.5 million shares to 57.5 million for the first qtr.
Sorry don't agree
I think if SGU would pay down debt to $100M in the next three yrs instead of paying prepayment penalties. With saving of $5.5M SGU would have to come up with $19.5M to meet the $100M
New bonds sold @ a rate of 7.5%? that would be a savings of $3.6M per yr.
If the credit line is use for a large acquisition than SGU could increase the debt with a new bond offer that would repay the credit line
Cash flow should not be a CFO only concerned.
I do hold a position SGU shares/bonds.
Thank you for the info. The interest on $125M is $11,093,750 per year, yet it's hard to pay $5.5 prepayment penalty on 2yr & six months left on the bonds. As for selling additional units, they have been buying units. As for a large acquisition maybe.