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Inergy, L.P. Message Board

jdesai25 3 posts  |  Last Activity: May 6, 2014 1:15 PM Member since: May 13, 2011
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  • Reply to

    FIRST RESERVE AND CMLP

    by govpur May 2, 2014 12:55 PM
    jdesai25 jdesai25 May 6, 2014 1:15 PM Flag

    I undestand what you are saying, however FR does own roughly 30% of CEQP. Also the former CEO of NRGY owns a good amount of CEQP as well. I don't remember the exact amount but FR also owns a chunk of CMLP as well. So if they are trying to generate wealth from dropdowns from FR, they are destroying wealth on the other end where they hold CEQP or CMLP stock. And also an underperforming CMLP is not good for CEQP, so they can't really benefit CEQP at the expense of CMLP.

  • Reply to

    what is going on?

    by jdesai25 Sep 11, 2013 10:29 AM
    jdesai25 jdesai25 Sep 13, 2013 11:27 AM Flag

    Thanks for the input. NRGM offerring only helps NRGY, doesn't hurt.

    I definetly made a dumb buy by buying at the top end. It's going to be a while before it goes up 25% from here. I'm gonna have to cut my losess a bit, maybe sell half or so. Dumb, dumb move.

  • jdesai25 by jdesai25 Sep 11, 2013 10:29 AM Flag

    NRGY is my largest position, buying it at a little under 16. It has dropped 20% from there and I don't know why. The merger should be closed at the end of the month but I don't know if that will help, and even if it does it's a long way back to positive for me.

    Anyone have an idea as to why the big drop? It's an MLP GP, which is rare, and distributions should grow at high clip after the merger. Huge insider ownership as well with a strong PE sponsor. Why the big downturn?

    Sentiment: Strong Buy

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