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Inergy, L.P. Message Board

jdesai25 1 post  |  Last Activity: May 6, 2014 1:15 PM Member since: May 13, 2011
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    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.

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