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Inergy, L.P. Message Board

joebo246 57 posts  |  Last Activity: Aug 20, 2015 9:41 PM Member since: Dec 29, 2007
  • joebo246 by joebo246 Jul 1, 2015 11:59 AM Flag

    ATW has newest and most advanced rigs... but it doesn't matter.... everything oil related continues to get sold from XOM CVX to HAL RIG ATW RRC ..... everything even best in breed......gets sold..... I'm not trying to pick a bottom.. too painful

  • This shows producers are lower costs and expanding, a little....

    WPX plans to resume completions in 2H 2015 and increase its rig count from one to three by year end in the Williston Basin, citing process improvements, structural changes to lower costs, successful discussions with vendors, technical analysis of well performance that led to higher EURs and favorable results from larger stimulations. With 85,000+ net acres in the core of the Williston, we believe WPX's announcement portends positively for other producers and midstream operators in the region (Crestwood's Arrow gathering system services WPX).

  • Reply to

    FINE JOB MGMT.

    by main15 Jun 30, 2015 11:53 AM
    joebo246 joebo246 Jul 1, 2015 10:01 AM Flag

    2 weeks ago I called IR and asked for management to buy some units to instill confidence in the market..... nothing....

  • Greece is not a large economy and most of the debt is held by other governments, not banks so other than Greek banks no problem. And the only oil Greece provides is olive oil so no issue there either.

  • joebo246 by joebo246 Jun 17, 2015 7:21 PM Flag

    is OKE doing what WMB did to Access Midstream and Williams Partners, the partners go screwed...
    OKE really controls everything, so if OKE cuts the distribution on OKS and unit holders dump OKS down to 28 or 30... then OKE steps in merges OKS into OKE......thus really benefiting OKE

  • Reply to

    Investor relations

    by joebo246 Jun 16, 2015 2:00 PM
    joebo246 joebo246 Jun 16, 2015 3:38 PM Flag

    There was no bridge for sale, but we could always buy more CEQP units currently offered at $4.60 lol

  • joebo246 by joebo246 Jun 16, 2015 2:00 PM Flag

    spoke with IR
    I wanted to see some insider buying, reply from IR was Directors have vested interest through Crestwood Holdings which owns the GP CEQP.... not happy with the reply, I still believe Directors stepping up and buying units CEQP and CMLP would be a confidence boost to the market...
    IR said reason for the selloff since merger announcement is some large unit holder wanted a different corporate event, and were satisfied with the CMLP/CEQP merger.. so they sold...
    IR said distribution is safe and should grow once merger is complete(August/September) and company can continue to execute....

  • joebo246 by joebo246 Jun 16, 2015 11:48 AM Flag

    I wanted to see some insider buying, reply from IR was Directors have vested interest through Crestwood Holdings which owns the GP CEQP.... not happy with the reply, I still believe Directors stepping up and buying units CEQP and CMLP would be a confidence boost to the market...
    IR said reason for the selloff since merger announcement is some large unit holder wanted a different corporate event, and were satisfied with the CMLP/CEQP merger.. so they sold...
    IR said distribution is safe and should grow once merger is complete(August/September) and company can continue to execute....

  • Reply to

    New 52 Wek Low Today

    by optiondoggy Jun 11, 2015 12:22 PM
    joebo246 joebo246 Jun 13, 2015 10:02 AM Flag

    Saudi can keep pumping but IMHO they now know shale is a global player, to seriously damage shale the Saudis would need to pump like crazy and push prices to $40 for a year..... problem is that would seriously damage a lot of other OPEC members and make the Saudis a lot of enemies

  • Reply to

    CEQP trades like its going under

    by joebo246 Jun 6, 2015 10:53 AM
    joebo246 joebo246 Jun 12, 2015 8:53 PM Flag

    I contacted IR this week by phone and then email... I did receive a response from IR saying he is out of town but will call me on Tuesday..... I specifically questioned why no insider buying.... I will post their response....

  • Reply to

    Pooof, yesterday's gain gone....

    by flarepharzz Jun 11, 2015 11:15 AM
    joebo246 joebo246 Jun 11, 2015 12:43 PM Flag

    IMHO Saudi's now know they can weaken shale frackers but to kill them will be hard and require oil stay at 40 for 12 months... which would be too painful for too many other oil producing countries

  • Reply to

    New 52 Wek Low Today

    by optiondoggy Jun 11, 2015 12:22 PM
    joebo246 joebo246 Jun 11, 2015 12:23 PM Flag

    Yep oil and nat gas up and OKS down and down on heavier volume today

  • Reply to

    CEQP trades like its going under

    by joebo246 Jun 6, 2015 10:53 AM
    joebo246 joebo246 Jun 10, 2015 2:04 PM Flag

    I have already the October 5 puts and theJanuary 5 puts. the current offer on the Jan 5 put of 1.05 is me...... so yeah I think we are at or near the bottom... I have researched it and checked with broker friends at big houses, they feel the distribution is safe.... that 12% at current prices

  • Reply to

    CEQP trades like its going under

    by joebo246 Jun 6, 2015 10:53 AM
    joebo246 joebo246 Jun 10, 2015 12:06 PM Flag

    IMHO combination of factors, yeah the merger is a positive but the MLP's group in general has been very weak because of the fear the growth in Shale is done, also natural gas and liquids was really weak and just recently bounced, higher interest rates not good for MLP's that need to raise cash, and lack of momentum lead to holders giving up and throwing in the towel....

  • joebo246 joebo246 Jun 9, 2015 11:14 AM Flag

    from the last quarterly conference call, this quarters earning / DCF will be lousy before improving in the second half... yeah lousy DCF hurts the unit price,

  • joebo246 by joebo246 Jun 9, 2015 10:24 AM Flag

    if the distribution is covered and not cut then how low can this go? right now yielding 12%

  • I kept buying more as it goes down, a classic mistake.... I keep reading anything I can find, credit suisse, Morgan Stanley, all the reports feel bear case of $4, Base of 6 or 7 and bull of $10.... yet CEQP keep setting new lows.... yet every quarter CMLP reports better DCF .... 92% of revenue fee based and set in contracts.... but yet management doesn't buy for themselves.. that is most disappointing that at $4.80 no one steps in and buys..