The coverage ratio is based on cash flow and how it covers the distribution. 2.2 means they are generating over twice as much cash after expenses as is needed to cover the distribution. I'm not aware of any MLP, even the select best, tha comes close to that.
could whoever put the thumbs down on this well thought out set of comments please have the guts to tell us why you think he is wrong and why the company is doing great?
They hired a significant number of additional highly paid staff along with goo and have absolutely nothing to show for them--continued destruction. They have at least 11 insiders with options who all cashed them in and sold most of them in the $4's. They want to add to that number and bring on more success? There is no MLP that has a 2.2 coverage ratio--why not just say the days of getting distributions are over. Trying to sell any of the parts that are worth anything - nothing will be left. What an absolute nightmare..
Re-read the MEP material accompanying the earnings report--they are trying to figure out how to dump MEP, not buy it themselves.
or they got the unit price low enough that they found a buyer, per their announced intent to sell.
Have you read what is happening today? EEP wants to sell them. Any guesses what they will get? Not much market for something losing this kind of money.
Looks like when the 12 insiders cashed their options in, they were expecting BK. What a nightmare of hate by this outfit re: their "sucker" partners that own units. Just like I said, a CEO trained by the Kochs and almost as hateful.
The guidance from NGL has turned out to be bogus every time they comment on their safe distribution "for two years". How do you have any idea what is really going on with them and what will happen in a year? Based on their track record, I would say they are the worst, not best. Luckily, I got out near $15. May be wrong, but you don't sleep well at night with NGL.
anybody figure out what is going on with forms reported today?
Time to change your meds. Ratings/Target Price Changes Log 04/25
Calumet Specialty Products Partners : Credit Suisse cuts target to $6 from $11
Distribution is the big concern. MEP is priced for a cut. Hopefully the comments during the last conf call will hold where Enbridge will back a distribution that is the same as last quarter.
Good question--if I knew the answer I would be on my yacht on the Mediterranean instead of here. What has been the hardest in this period has been the outright lies of companies about how they were being taken care of by the sponsors which then walked away.