During the conference call, if anybody here bothers to listen but instead just throws their money at a company based on comments on Yahoo, she was asked if they had plans to raise their distribution now that the cover ratio was going higher, and she said they would wait until the refinery constructions were over and they knew what the exact price impacts would be. She also said that investors seemed to have unfounded concerns based on the low unit price and maybe now they would see the results of the recent management activity and have a better belief in what the company is doing.
They are not going to reduce the distribution, period, unless of course something blows up that is uninsured--not likely. When it will start to go up again is a different story.
The "drill baby drill" issue had to do with off-shore drilling in pristine waters, not fracking. You need to get info from more news sources than just those owned by Murdoch and the Koch Bros who don't mind not stretching the truth.
Try to understand how MLPs work and the requirements for distributions. If you have no clue, just stick with a savings account.
I checked the site every couple of hours. If you found it "awhile" ago, thanks for telling us!!!!!
This just showed up on the EnerVest web site under recent transactions. I guess this means it is a done deal even if Linn won't bother to communicate with its' "partners" in the Master Limited Partnership.
I think you should use your "some money" to pay for a round at the bar you are getting drunk at.
the supreme court, and now 100% of congress-responsible for making laws and funding them-is now far right. Guess all the bad things our President has done will now be corrected?
It hasn't closed yet. If it does and is reported at the original terms, there are some of us with dry powder that will jump on LINE hard.
LINE is scheduled to participate in one-on-one meetings tomorrow (Dec 10th) at the Wells Fargo Symposium. They don't bother giving this info in a news release, nor bother giving any presentation material on their web site. I guess if you are not at the conference, you have no business knowing what is going on with this company. Secrecy seems to be the way they operate.
Did you listen to, or read the presentation and comments that accompanied their last earnings report? If not, you should not handle your own investments. Management gave answers to all the dumb questions posted here. If you don't believe management, why would you invest in the company?
VNR had a presentation with slides that was incredibly positive. VNR price has moved slightly up and down since the event. Don't hold your breath vs expecting a sharp upswing. Instead, develop a list of MLPs that will cover their distribution and grow even with low oil prices. Then be prepared to hit them with everything you've got when a true capitulation has occurred. Also, take tax losses by selling MLPs and trading for others and maintain your income. I've been in MLPs for 15years and this has worked for me, growing my portfolio in the lower seven figures and income in the mid-six figures. Enough to live on in retirement.
PSEC just dropped their dividend by 13%, blaming investments in energy companies. PSEC is now down a little over 8% today, and they have done a poor job of talking about the effects that even lower oil prices would have. It may not be the end of the world if distributions are lowered depending on how they discuss what would happen with even lower oil prices to distributions in the future.
The requirement for the present rate of ethanol in gas was put into affect in 2007 when Bush signed the bill, a year before Obama was elected. The major beneficiary has been the Koch Bros, who have averaged over $2 billion per year in direct payments from the gov. They claimed they would lobby against the gov't subsidy a number of years ago when caught as the biggest receiver of gov't money for this fiasco, but of course that never happened.