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Vanguard Natural Resources, LLC Message Board

mobettafred 8 posts  |  Last Activity: Apr 14, 2015 10:15 AM Member since: Aug 21, 2011
  • Reply to

    Insiders buying

    by danirakr Apr 13, 2015 8:06 AM
    mobettafred mobettafred Apr 14, 2015 10:15 AM Flag

    dakotafinancialnews

  • Reply to

    no more distributions

    by mobettafred Apr 10, 2015 9:43 AM
    mobettafred mobettafred Apr 10, 2015 12:10 PM Flag

    fluff it up all you want. this no longer fits my plan and am taking my losses but good luck to you!

  • mobettafred by mobettafred Apr 10, 2015 9:43 AM Flag

    By PR Newswire, April 10, 2015, 08:00:00 AM EDT

    OKLAHOMA CITY, April 10, 2015 /PRNewswire/ -- New Source Energy Partners L.P., a Delaware limited partnership (NYSE:NSLP) (the "Partnership" or "New Source"), today announced that it has entered into an agreement with the Bank of Montreal, as administrative agent, and the other lenders that are parties to the credit agreement governing the Partnership's revolving credit facility (the "Credit Agreement") to postpone the April 1, 2015 scheduled semi-annual redetermination of the borrowing base until May 1, 2015. In addition, the borrowing base available under the revolving credit facility was reduced, effective April 8, 2015, from $90 million to $84 million, which was the amount of borrowings outstanding as of April 8, 2015. The agreement further provides that, prior to the borrowing base redetermination on May 1, 2015, the Partnership will not declare or make any distributions on its common units until the total outstanding borrowings under the revolving credit facility is at or below $55 million.

    "We have previously stated that we believe the borrowing base under the Partnership's credit facility would be reduced by $20 million to $30 million," said Kristian Kos, Chairman and Chief Executive Officer. "The lenders are currently finalizing their review in order to determine the updated borrowing base. However, we believe the $20 million to $30 million range is still accurate. The agreement with BMO postpones the redetermination by one month, which allows the Partnership more time to secure financing opportunities currently under review."

  • Reply to

    I would not buy this gap up

    by bighairybutt Mar 20, 2015 10:16 AM
    mobettafred mobettafred Mar 25, 2015 1:14 AM Flag

    thanks for your help wherever you post. I believe you and have not been adding new money to anything for awhile.

  • Reply to

    food for thought

    by obama_doomed_us Feb 9, 2015 9:50 PM
    mobettafred mobettafred Feb 12, 2015 10:31 AM Flag

    Margin is so dangerous when stocks are going down and brokerages change the percentages that they give on the stock you have to sell to pay on margin. I sacrificed a lot to get off margin and now have most of my assets in a non margin account to avoid being tempted to ruin myself again. It is a strange freedom not having to use my distributions toward margin interest and don't want to risk my whz trading in and out. Best to you with your plan.

  • Reply to

    food for thought

    by obama_doomed_us Feb 9, 2015 9:50 PM
    mobettafred mobettafred Feb 11, 2015 7:34 PM Flag

    whz is the biggest percentage of my portfolio so I am definitely not gloating. I thought they could do better and were a lot less risky than the mlps with an 8 or 10 cent distribution. As things are very bad now I am open to suggestion if you think there is something that is more secure & comparable to whz in oil & gas.

  • Reply to

    food for thought

    by obama_doomed_us Feb 9, 2015 9:50 PM
    mobettafred mobettafred Feb 11, 2015 10:07 AM Flag

    Agree. Even if we sold, what else is there to purchase for income that is better comparatively speaking?

  • Reply to

    I will be in with WHZ

    by wrgrace88888 Jan 30, 2015 5:33 PM
    mobettafred mobettafred Feb 1, 2015 8:30 PM Flag

    whz may be cheaper in a couple of weeks after it goes ex if you wait. I bought a bunch more between 5 and 5.50 about a month ago because it was so cheap. I think whz is the best but have so much I thought I would try 100 shares of per - a little late just after they announced a good distribution and will probably try to get more later if it goes down.

VNR
16.23+0.51(+3.24%)Apr 20 4:00 PMEDT