The first dividend will be in the first half of May, likely about 50 cents.
"Geoffrey Hertel purchased 6,560 shares on June 6th and currently holds 79,583 shares of the company. Geoffrey Hertel has served as Chairman of the Board of the company's general partner since October 31, 2008. Mr. Hertel also serves as a member of TETRA's Board of Directors (since 1984) and as a member of Compressco's Board of Directors (since October 2004). Prior to May 2009, Mr. Hertel served as TETRA's President (since May 2000) and Chief Executive Officer (since May 2001). Mr. Hertel remains employed by TETRA, assisting in strategic planning.
William Sullivan purchased 4,900 shares on May 15th and currently holds 18,003 shares of the company. William Sullivan is an Independent Director of the company's general partner and has served as a Director of TETRA since August 2007."
Business should increase somewhat with the rise of natural gas
another article from June 15th. It quotes the UBS analyst.
"Propane to propylene spreads favorable and expected to widen." May 31st, 2012
Go to section: Propylene integration enhances profitability.
The spread can change as much as 25cents a month. The Saudis' manipulation of prices for energy will end after the first week of November. Thereafter the spread should increase.
Stifel Nicolaus notes, "We are initiating with a Hold rating and fair value of approximately $14.00 to $17.00 given its peer group. We are forecasting distributions over the next twelve months of $1.56 and FY13 of $1.28. We note our fair value is highly sensitive to the propane-to-propylene spread and our estimates could prove conservative should the spread come in stronger than currently forecasted."
PDH is flagrantly oversold.
You garble their statement unnecessarily.
Here is link to presentation:
9:02 AM Inergy (NRGY) is upgraded to Neutral from Underperform at Robert W. Baird, with its price target raised to $21 from $15, based on the company's propane unit sale. In addition to exiting the poor retail propane business to focus on the more attractive midstream business, the transaction delevers NRGY from 55% debt/capital to 25%
This stock has not yet been scented by the herd. The principals should promulgate more presentations.