When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 22.09. Investors looking further ahead, will note that the Price to next year’s EPS is 349.00.
vnr distrib 12 mo x .1175 = 1.41 per yr
2000 shares lre @ .55 = 1100 shares vnr
1100 sh vnr x 1.41 = 1551 per yr
evep worked well with my calculations
1/2 sh evep @ 17.50 = 8.75 which is comparable to 1 share of lre today.
1,000 sh evep x 2.00 yr = 2,000 distrib per year & they always increased until this last time. I sold my vnr after there was no increase in distrib after the last deal. I sold half of my lre today.
2,000 - 1,551 = 449 per year difference.
feel free to correct me. you might prefer to use memp as an example.
JR: The only other upstream MLP that we are currently recommending is EV Energy Partners L.P. (EVEP) . This name is largely natural gas-weighted, but the company recently announced the divestiture of its Utica East Ohio midstream project for $575M in cash to Williams Partners L.P. (WPZ) . That was a very attractive price in our opinion, providing the company with a meaningful booster shot of liquidity to the balance sheet. This cash is going to allow EV Energy to pay down all its revolving debt and ultimately emerge as one of the best-positioned upstream MLPs for future A&D.
We are getting to a point where the bid-ask spread on producing assets is settling down and is likely to find some sort of equilibrium soon. I expect the acquisition activity to pick up in H2/15 and 2016. Those companies with additional dry powder to exploit A&D opportunities are going to be able to outperform their peers. EV Energy Partners will be sitting on $650M in cash. The addition of a mature, producing asset worth $500M or more could do a lot to reshape its current asset base, diversifying it into a more balanced product split, and ultimately yielding significant accretion to distributable cash flow per unit. This should help move the company back to its original strategy, which was a traditional, steady state of distribution growth. Following the path of most of its peers, EV Energy's early February distribution cut and reduced capital spending outlook leaves the company in a healthy position currently. I would like to see it get back to a sustainable 3–4% distribution growth number, and I think that this divestiture and reinvestment process is likely the catalyst to do that.
Memorial Production Partners (NASDAQ:MEMP) insider Mrd Holdco Llc sold 508,735 shares of the company’s stock on the open market in a transaction dated Monday, April 20th. The shares were sold at an average price of $17.08, for a total transaction of $8,689,193.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.
this is the short version. look at their filings for the 20th.
I am not over here very often so this information has probably already been posted.
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."
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.
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.