Why would you follow and comment on a company you think is a dud--and not even a good short with the distributions you would have to cover. Do you run out of things to do while using your tablet spending the day in the homeless section at Starbucks?
LINE, LRE, ARP, etc
Did the comments at the start of the conf. call where the long-time upper management that left the company were thanked for all they had done have any bearing on this belief?
Listening to Spectra and Phillips earnings calls, and now DPM's, and being told that we probably won't know what will happen to DPM until Oct (or later given their current performance), you have no idea what you are buying when you purchase DPM. DPM took their guidance from bragging about historical increases in distributions to hoping they maintain distributions at the current level. They need help from their owners (SE and PSX) during this time of poor product pricing and it is obvious that is not going to happen. Dropdowns are now going to the MLPs imbedded in SE and PSX. DPM's ability to manage around this commodity price environment is severely constrained by their owners lacking any clarity about what they will do. We have seen MLPs being restructured for the benefit of major owners to the detriment of small "partners" during this tough time and there is little reason to not expect that to happen here. I am trapped in a fairly large position that will result in a major tax hit if I sell and deferred taxes come home to roost. Not a good feeling re: what was a nice holding until recently.
Nothing was discussed re: MRD's huge dump of MEMP units. I would have thought that was a major event in the last quarter. It doesn't give comfort as it probably would have been addressed if the sale did not reflect negative reasons.
from Phillips conf call, CEO responding to Q re: what they are going to do with DPM:
"What I would say is that I think both Spectra Energy and ourselves are in agreement on the path forward and that we're executing that. And we don't want to get out in front of the activities that are ongoing. So I would just say we're in process. We're not at the beginning but we're also not at the end of that process. So we're working through it."
Any ideas what this gibberish means?
Without understanding any good reason for the huge dumping of shares by MRDH, it appears the MEMP price is suffering the consequences and may continue until the issue is understood (assuming it is not significantly negative).
While the price of the units has gone up some, it's only where it was in the downdraft three weeks ago. I guess a better price for the UEO was expected. Not sure what price to expect this to settle at.
Why do they make presentations at numerous conferences when it appears that nothing they present is factual and they just talk about how great things are? If you aren't going to present the truth, why not just keep your mouth shut?
the traction is related to a buy, put out by one of the firms that handled the botched large public offering that still hasn't been explained by management.
not sure what your nationality is or what software you are using to translate to english, but what are you trying to say?????
It's hard when you have the sector figured for an upswing, but you bet on the wrong horse. There are a slue execs making over a million with bonuses and options rewarded for the excellent performance, however.