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.
I'd like to see a dividend clarification but he needs the benefit of time to get it right. The market action is mostly short term speculators. CEO's don't have a way to control that. It is the same that the speculators got control of a $.03/share accounting error and destroyed 30% of the market cap too. Company should have sufficient assets and cash flow to pay a handsome dividend. I'm holdings.
Presentations in the past have emphasized growth, diversification. Has anyone else noticed that NRP's affiliate Quintana has acquired mineral rights and stock options for precious metals minerals in the Rockies and Canada? Additionally, there is a shelf offering for possible issuance of debt/equity. If NRP is interested in acquisitions, they would want higher share prices and....what would be a good way to do that? Just hoping and thinking.
is down about 7%. NRP predicts dcf to meet the $1.40 distribution at the low end of guidance. I don't think the sky is falling. We will probably know more this week when the dividend decision is announced.
continue to short this stock stoking fear that lawsuits on a $.03/share accounting mistake will lead to calamity. I'd be using this period of fear mongering to be buying shares.
Sentiment: Strong Buy
No rush, no fuss. I'm quite happy to have a share of oil/gas lands of about 4.5 million acres. Greek debt pays about 28% these days and with potential calamaties around the globe, oil in the ground in N.America might be a good store of capital.
Sentiment: Strong Buy
I read recently that met coal in China is being imported now from Mongolia at about $45/ton. That leaves out the USA and British Commonwealth resource nations. I am wondering if this isn't also happening elsewhere. The large mining companies(the commodities) seem to be very depressed and are perhaps being left out by China's the trade agreements among Asian nations. It is well known for instance that 50% or more of the worlds steel is manufactured in China. Try exporting vs. their costs, not only steel but anything made of steel? China is rapidly expanding its resources in Greece(ports), Central and Latin America, not to mention Russia, Vietnam, Laos, etc. The old European and American companies may be left in the lurch. We may wind up with China buying out USA and the West, a turn of events from the 19th and 20 th Century. They probably have enough cash to do it now. Thoughts?
Human history is between 150,000-4 million years old. We have had public education in the U.S. only about 100 years, a few hundred years in Europe. Only since 10,000 years ago, humans had only what they could carry...nomads migrated with animals.
We aren't all that smart.
Just hope those windmills work. No royalties, no coal. No coal means brownouts and big time electric rate increases.
EIA reports tell us thermal coal as a percentage of electric energy will remain relatively constant through 2040.