even when you make such a howler that reveals you don't know the difference between ex-div date and payable date? The drop would be after ex-div date which was Nov 27th. Payable date (today) has no impact on the price. You are totally clueless and don't even realize it.
The yield for a low or zero distribution growth will be several points higher from that of a high growth MLP.
The fastest growth midstream MLPs have yields as low as 4% (a few even lower). The zero growth midstreams up to 9%. EPB used to be a high distribution growth MLP. It has now been revealed that the future it will be a very low distribution growth MLP. So the yield has expanded and it now yields a little over 7.5%. I don't find this surprising at all and it could go slightly (not greatly) lower still.
like at LINE?
I haven't followed the IPO and not read the prospectus.
If it is 1:1, then it is a huge disconnect between the prices of each.
Even more so when you consider that over at LINE, LNCO has mostly traded at a premium to LINE...here it is the opposite.
"CMLP was formerly NRGM"
no, CMLP was the combined total of NRGM and the old CMLP.
That is why the unit count is much higher. You have to combine the units from both the old MLPs.
except in one case it is a tax deferred distribution reported on a K-1, in the other it will be dividend tax rates with no deferral reported on a 1099. Take your pick.
huh? They both pay the same.
Tax handling will be different for one, so if you prefer dividend tax rates but no tax deferral, that is one consideration.
No, however if you look at the distribution history (ever smaller and smaller increases right from the start until becoming flat for the last 2 years), reduction would be the next obvious step. I'm not predicting that, just pointing out the obvious:
"All said being true, this is a 60-80 dollar stock dividending 6 bucks a year in 8 quarters."
Come on, that is pure fantasy.
"With the under performance of CLMT as it is now, I don`t see management taking payments on their IDRS until the pps gets better."
Of course they will collect on the IDRs (unless they explicity issue a press release stating that they are waiving them, which is unlikely). They are entitled to those IDR payments so why wouldn't they take them?
yesterday when the price hit $5, it represented a 12% yield at the new lower distribution level.
It would appear that people are at least partially pricing in a further distribution cut. The question is whether it is fully discounted. Assuming the distribution is cut further to, say, 10c/qtr or 40c/yr, would the market allow it an 8% yield to keep the price around $5 or would they knock it down further? A 12% yield at a 40c distribution would put the price in the low $3s.
I see this joker is using the same argument on silver related boards where he is arguing that silver is worth 0.25c per ounce. No doubt he also believes milk is worth 5c a gallon, movie tickets worth a dime, clean water is not worth anything, etc. Simply put, he is a clown.
I think I did address it. Clearly increase NG prices would help to increase the distribution (or at least have it decline slower). But the decline in production will be ongoing for the life of the trust. Even the most optimistic of NG bulls would not suggest that NG prices will keep increasing steadily for the next almost 20 years. So, increased NG prices would result in one or two distributions being higher than the ones before but it is sure that the declining pattern will then re-assert itself. Sorry, I can't give you the exact NG price that will be required to offset the well depletion (nobody can do that precisely since we don't know how fast the wells will decline in future without any drilling), but you can see the ongoing balance between the two forces (NG prices versus production depletion) with each distribution announcement and quarterly results.
It's risky (they have a stretched balance sheet) but the yield is high. I also bought some in recent months. Suggest don't bet the farm.
The officers have been selling...did you not know where you could look that up?
It is public information.