It is an interesting move with multiple views following.
I see it as positive.
CFL.V from Toronto offers equipment rentals and waste management,
No dividend cut in 2015 according to the company's latest press release thanks to very low CapEx in 2015 of C$7.3 million,
with 39% insider ownership
-and CFL.V currently trades just 3.5 times its 2015 adjusted EBITDA
-and CFL.V has very low debt with leverage ratio at just 1 times.
bettherranch2002, ιt seems that math is not your strong point. First, let ME receive the $0.20 distribution for Q1 2015 that was announced after market close. Sorry that NSLP disappointed you.
Second, NSLP will make AT LEAST $30 million EBITDA and AT LEAST $20 million DCF in 2015, based on the latest company's guidance. Educate yourself about NSLP's news before you post next time. This EXCLUDES any increase in the natural gas and oil prices that will positively affect the Upstream division increasing further NSLP's EBITDA. If you include a 10% increase in both natural gas and oil price, which is highly likely for the next 3 quarters, NSLP's EBITDA and DCF for 2015 will rise even further.
Based now on the latest agreement with BMO, NSLP is allowed to pay $6 million per year to holders of its units. This translates into a coverage ratio higher than 3 times. FYI, coverage ratio is: DCF / Distributions paid.
Based on the revised guidance, NSLP's EBITDA and DCF for 2015 are estimated to be:
from the Oilfield services: $20 million
from the Upstream: $10 million
Total EBITDA 2015: at least $30 million
Maintenance Capex for 2015: $4 million
Interest expense for 2015: $4 million
Estimated DCF for 2015: at least $20 million
By paying $6 million in distributions annually according to the latest news, NSLP has a coverage ratio for 2015 at 3 times!
And, NSLP can use the remaining amount of money (at least $14 million) during the remainder of 2015 to reduce further its debt OR make acquisitions, as the latest PR implies again. See the new implications about acquisitions from the latest PR:
"The guidance does not reflect any potential acquisitions for the periods covered."
The CEO talked about acquisitions in late 2014 and early 2015 again. Actually, the acquisitions for NSLP are nothing new, NSLP has been very acquisitive over the last twelve months by buying companies from the oilfield services sector.
Once NSLP finds these $30 million to pay the bank (senior notes & equity placement), I will be waiting to read news about a new acquisition before year end!
Sentiment: Strong Buy
Last February this stock went to $2 with the temporary deal. When the new definite deal will be done, around 11th of May, it will surpass $2.
4 or 5 is something it could take much more time. Or, a deal to sell the subsidiary Finansbank, which has the same market cap with NBG!!
I don't own this stock but it looks like a gift at this price, IF nothing goes wrong with this delay.
"pro" is is the top ranked SA articles. There are specific requirements to rate an SA article as "pro".
Go to Seeking Alpha website, write the ticker LNG and you will find it there...
Easy money as we said. A 50% gain in a few days....and while shortie kids were playing, thinking that
technicals only counts.
Only issue left is if the deal will be announced on Monday, or if it will delay some days....
Jeroen Dijsselbloem @J_Dijsselbloem · 2 hours Ago
PM Tsipras and PEG Dijsselbloem agreed today to ask the institutions to engage with the Greek authorities to start work on a technical (1/2)
The similarities you provided are valid, but there are also many significant differences.
Russia is still a much stronger rival than Turkey but they will not take more than Turkey. After all, no one really tried to make Turkey to step back. On the contrary they got some help from US to do what they did...
-So, to make a strong popular (almost lifelong) leader like Putin of a strong country to step back a little from a country which belonged 100% to Russia's "vital space" is an achievement.
And what matters is that both US ans EU made that, so my comparison to a new Prime minister of a small country which is in need wants to show how easy is at the end, to make Tsipras compromise.
It is a complicated issue and I can't give you a specific answer.
As it seems for now, there is no need for that.
We will see more about it to Q4 I think.
As I told you I'm not here to pump, dump, bash or anything else like these kids doing.
The latest news from Germany shows that it will be a delay in the deal. It's possible that Greek ADRs will
fluctuate as I wrote yesterday.
I hope NBG will go down today in Athens SE, so I can buy there or here more. Here is the "bearish" news:
"Media reports citing a six-month extension of the Greek program generated a lightning quick denial by German Finance Minister Wolfgang Schaeuble, who spoke after the G-20 meeting in Istanbul today.
According to Bloomberg, Schaeuble said such reports are “false.”
A plan to extend Greece’s current bailout program by six months -sans the attached austerity- circulated on Tuesday, ahead of Wednesday’s Eurogroup meeting, with the MNI news agency quoting Brussels “sources.”
According to reports by financial agency Deutsche Boerse, the Commission will propose a reduced primary surplus target of between 1.5% to 2%, while the European Central Bank (ECB) will accept Greek bonds as collateral again, or so the press report claimed."