You are absolutely right. It is often the nuances in verbal communication that are quite informative. GLTA.
Sentiment: Strong Buy
Do they know when the next asset sale will occur and for how much? Maybe they know, maybe they don't. No one knows for sure. The commodity picture for oil is looking better and the global uncertainty surrounding OPEC provides potential for upside. I missed the conference call but will be attentive to the transcripts,presentations later. Investor Village has an excellent forum for PWE.
Sentiment: Strong Buy
Yep...EQC has eliminated common dividends that had been reasonably reliably paid; selling off assets and keeping the cash; reimbursed itself for takeover of CWH expenses. The JMP recommendation continues to confirm a suspicion there are firms orchestrating agendas that have little to do with the merits of a company. Reits should be evaluated as income vehicles with some prospects for growth. EQC doesn't even come close to meeting those criteria.
Sentiment: Strong Sell
To put it another way, the very wide price history fluctuation of energy commodities including nat gas, mean there is far more at play than just costs. I think coal(thermal) is less tied to energy markets and can be very competitive in a higher energy price environment.
I wouldn't make the assumption coal is dead based upon current nat gas prices. Nat gas prices are subject to wide fluctuations. It isn't a stretch to envision coal being very competitive to a no-brainer cost alternative to nat gas. Todays price/cost analysis isn't forever. We know, for instance, that costs of coal are relatively stable(that is cost/not prices), and actually lower as production has moved to Illinois basin, etc. And as there is a drive for cost efficiencies, the most efficient operators will win. It is important to think clearly.
I think the bank is saying either debt has to be reduced(equity could be raised) or ebitda must improve for assurance of the revolver being extended past 8/2016. NRP may need to find other forms of financing or different bankers. NRP pretty much said dcf is running ok with 4X distribution coverage.
I did not factor into my analysis what the bankers would do. They are no longer satisfied with dcf coverage of 1.4(reits would love to have renters with this coverage). It is arbitrary and bad faith on the banks part.(Former credit analyst/commercial banker).
Donna, we really don't know the dcf numbers but they have hinted in the news release they are around the low end of the range. I think it is the banks telling them they must cut the debt. We will know more when the quarterly financial report is released.
State of Oklahoma has acknowledged this in a report just released. This is likely to have an effect on cost and flow of nat gas.
Yep. No doubt..I missed it and I have been sorely mistaken. But management grossly misled investors. It may be no problem for them with all the disclaimers. But I'm gonna give em hell if I can.
to investigate through the regulatory authorities how much "dark pool' trading by insiders have been made in the last 90 days after grossly misrepresenting their cash flow at the end of 2014.
I am in the USA and have shares in both a traditional IRA and an individual brokerage account. The tradtional IRA is not taxed(tax event is when you withdraw); the brokerage account income is taxed at 15% on the dividends. I would be surprised if there were any taxes on any business transactions within the PWE organization--they pay those taxes. As for tax credits being a wash in the USA, it is based on a formula that isn't a wash for me but there is some tax offset.
Their guidance is a good indicator. and from that I would assume a distribution of between $.20-35 cents.