They report q1 results in a few hours...yesterday made a +18% because excellent results are expected....
Aside equipment rentals, they have a waste management business similar to Waste Management (WM), RSG and WCN
Pro forma the recent $40M preferred deal, NSLP's Net Debt has dropped significantly and NSLP's Net Debt to Adjusted EBITDA ratio currently is the LOWEST one in the industry group.
Pro forma this preferred deal, NSLP's Net Debt is about $44 million and the Net Debt/2015 Adjusted EBITDA ratio is just 1.4 times!
In addition, the annual yield from the initiation of the distributions to the common units is estimated at about 6%. According to the agreement with BMO, NSLP will now be allowed to pay $6 Millions in annual distributions.
Well, these are the real data.
Sentiment: Strong Buy
Shows how the sector is expected to move in the next months with indicator the drilling activity and general oil services activity.
I assume you refer to this article: http://seekingalpha.com/article/3073246-natural-gas-market-will-ung-be-the-next-big-trade-by-2016
Yes, it's a good one, very useful. Thanks....
On the other hand you are rather conservative, things are even more bullish. That I have to say after I made my DD here during the last days.
Sentiment: Strong Buy
Really, I don't see any problem with NSLP debt.
Have you checked other stocks of the sector??
It's ridiculous to have such concern!
CALGARY, ALBERTA--(Marketwired - March 30, 2015) - CERF Incorporated (the "Company" or "CERF") (TSX VENTURE:CFL) today declared its 2015 first quarter dividend of $0.06 per share ($0.24 annually) and announced its financial and operating results for the year ended December 31, 2014 ("year-end") and the three months ended December 31, 2014 ("Q4"). Payment will be made on or about April 15, 2015, to shareholders of record as of the close of business on April 8, 2015. The ex-dividend date is April 6, 2015.
"We are pleased to announce that 2014 was a record financial year for CERF," said Wayne Wadley, President and CEO of CERF. "We made large strides during the year, effectively acquiring and integrating two significant entities and expanding our footprint in Western Canada's energy services industry. Both have added to our earnings and provide a great platform for future growth. With these acquisitions, CERF now has a balanced weighting of revenue between its industrials and energy services divisions.
In context of current oil and gas market conditions, CERF has been proactive to reduce capital expenditures, staffing and operating costs for both divisions. These aggressive steps in combination with a strong balance sheet and industry diversification are the reasons why CERF is able to maintain its dividend. We will continue to be vigilant in monitoring the performance of each division."
FULL YEAR 2014 & FOURTH QUARTER HIGHLIGHTS
Amounts in the following tables are presented in thousands of dollars, except for per share amounts and percentages.
Twelve months ended
December 31 Three months ended
2014 2013 2014 2013
Revenue 57,967 46,757 20,522 12,522
Gross margin 17,395 12,070 6,360 3,262
EBIT1 10,505 6,963 4,138 1,952
Net income (loss) 5,073 3,129 2,036 1,005
Net income (loss) per share
Basic $0.22 $0.23 $0.06 $0.06
Diluted $0.22 $0.23 $0.06 $0.06