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ConocoPhillips Message Board

jc_magical_mystery_tour 2 posts  |  Last Activity: Feb 14, 2014 8:12 AM Member since: Dec 21, 2004
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    Distribution secure

    by georgia_stock_investor Feb 13, 2014 9:28 AM
    jc_magical_mystery_tour jc_magical_mystery_tour Feb 14, 2014 8:12 AM Flag

    I agree it's a good buying opportunity given that they "expect improved earnings and distribution coverage in 2014."

    Sentiment: Buy

  • jc_magical_mystery_tour by jc_magical_mystery_tour Feb 12, 2014 5:00 PM Flag

    It looks like they have solid guidance for the year ahead based on what they said after the close today.

    "There are two areas that management of the Partnership would like to highlight. First, we expect improved financial performance in 2014. Second, we have made substantial progress in addressing the Partnership's long-term financing needs. In the second quarter of 2014, EEP will benefit from a large component of our Eastern Access project entering service. The cash flows from this phase of Eastern Access, the full year contribution from projects completed during 2013 and increasing volumes will improve our earnings and distribution coverage. As our distribution coverage improves we will be positioned to grow our distribution at our target growth rate of 2% to 5% per annum," said Mark Maki, president of the Partnership."

COP
72.94+1.43(+2.00%)Apr 15 4:01 PMEDT

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