Well, he had a easy job to do with such heavily indebted companies...
Some times is difficult to spot the obvious, though.
There are few more problems with KEG. Read Q1 2015:
There are 10 pending lawsuits against KEG and of course FCPA Investigation. Unfortunately, they can hurt KEG's weak balance sheet a lot...
Walmart (WMT) is bleeding from the ongoing FCPA investigation. FCPA is a drag for KEG's balance sheet.
1.Spammers does not reply to other posters.
2.There is no other posts about this Bulletin in Yahoo.
3.The guy who posted the first message, sirkiman, has posted before here.
So you are wrong shitamar.
aren't you really tired of posting all these serial ramblings and lies for weeks now? There are no facts in your posts. Your posts are full of lies and speculation and arbitrary assumptions.
NSLP revised its guidance in May 2015 because of the lower demand and margins. So NSLP's guidance has ALREADY been revised downward. That's it. The lower demand has been ALREADY announced and priced into the DCF analysis for 2015 posted in another thread.
No matter how you slice, NSLP has FREE CF in 2015. See the DCF analysis already posted.
fyi, NSLP's Upstream received $45.05/bbl for its Oil & $2.50/Mcf for natural gas. WTI & Nat gas have risen almost 30% & 15% in Q2. At least, I hope you can understand this after separating NGL from LNG.
I have not seen anything about the future of the merged entity. I will contact MEA to clarify it. It might remain publicly traded.
He owned about 6 million shares one month ago and now he owns about 7 million shares! He has a proven interest in acquiring MEA and his interest is rising every day!
I quote from Dow Jones, newswire:
05/28/2015 14:19:04 - Adam Weitsman Reports 9.25% Stake in Metalico
Dow Jones Newswires (212-416-2800)
May 28, 2015 08:19 ET (12:19 GMT)
© 2015 Dow Jones & Company, Inc.
Supplier : DJN
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