The latest distribution is .535 a quarter or 2.14 a year. A 15% increase will put us at 2.46 a year or .615 a quarter. To get there, we need successive 2 cent a quarter increases: .55.5, .575, .595, .615.
Acreage prices have spiked in Ohio, apparently driven by aggressive leasing by Aubrey McClendon's private company American Energy Utica LLC (AEU) as commentary from multiple operators confirms that AEU has been bidding up to $17K/acre for wet gas acreage and up to $8K/acre for dry gas acreage.
Funds wanted to buy shares of AR which came public today so I feel they sold other MLP's in their basket like NGLS and MWE. You will notice TRGP was up strong today so I don't think the drop in NGLS was company specific, just a rebalance of some funds. JMHO.
CS is way off base by saying the crude input costs are increasing. CLMT has a $30 differential between WCS and WTI, and a $7 discount to WTI on the rest of their Bakken/Canadian Light feedstock, with Group 3 margins the highest in the country and growing due to other refinery shutdowns. Read the commentary on the NTI board. GS has a $30 price target on NTI due to a glut of Bakken oil looking for a home. CLMT's source of oil for their Superior refinery is the same as NTI.