while they may not need the cash today, if the equity markets turn down next year, raising cash will be more difficult. seems they are getting ahead of a potential problem and setting up 2017. all small companies eventually raise cash.
dont be stupid. there are better opportunities out there. everything is working against these guys.
firm moves from Hold to Buy today @ $11.02 closing price yesterday. probably explains why they worked over the book yesterday down to $10.50 area, scooping up the weak.
at this point, august 25th, 2015, EVERYONE that has bought TTOO is holding it at a loss. most likely, we will see selling pressure, and it could be severe.
of course it is an interest rate play. as rates rise, TGP must fall to maintain the spread between 10 yr and their MLP rate. otherwise, we will all just buy the10 year eventually, and where does that leave TGP?
they have hedge much of their production. nat gas could go to $20, and their Q2&3 production is mostly sold.