DPM declared a quarterly cash distribution of $0.78 per common unit, unchanged from the previous quarter. This quarterly cash distribution will be paid August 14, 2015, to unitholders of record at the close of business on August 7, 2015.
trapped in the MLP prison where the tax consequences of a sale with all the accumulated distributions coming back at regular tax rates is intolerable.
Looks like they got rid of anything they had of value, including the cash that they got in return. Doubtful if they can get any cash that was in their plans to buy distressed properties--think they are frozen out. Those providing the line of credit they paid off have never been so glad. Don't see any ability to buy back units with no money. How could you run a company into the ground like this?
This stock is played by traders like no one I've ever witnessed. Hitting the sell stops yesterday and going down like a rock and then back up as covering took place. Now buy stops hitting the short sellers, and who knows what is next. Fun to watch but gives you ulcers if you own a bunch (which I do).
They really need to answer the question re: will anything of value be left when Phillips and Spectra get through with the "fixes". The unit pricing is acting like DPM is headed for bankruptcy.