Note RLP never did get it correct. UBTI that is, But it did post incorrect information. That is what it does.
Sorry RLP starve human beings for Progressive Obama corn ethanol political corruption opinions,
I have no idea what you are attempting to express in snarkish. But what ever it is, surely it is pointless as usual.
Poor Willie once again proves it is ignorant with no basis for an informed opinion.
LINE is under a bear raid which means by definition it is not trading efficiently. As we see with the OLB and other Progressives, irrational processes can not be forecast. So even charting which assumes efficient markets would not work.
Then an informed investor comes to grips with the random walk nature of the market in the short term.
Mr. Crammer got what wrong? The fundamental value of LINE which will pay 10% distributions into the future?
I see we have the return of Lisxa and the cult of occult investment theory.
Hope all folks added to their positions under $30.
No LIsxa you are of course incorrect like IDRs not impacting future unit valuations.
Companies are all valued on FUTURE DCF or free cash flow. So by your wrapped imagining EPD with its massive coverage ratio is wildly overvalued.
What has happened here is Hedgeye/Barrons; as part of a short raid operation, has scared retail investors out of their LINE at now exceptionally low prices. If the shorts can damage the company then they will 'claim' to have been right all long.
Your new nonsense just serve the cause of the shorts trying to make money by damaging a good American company, which values its classic American corporate culture and therefore treats associates well.
Of course the mysterious Lisxa thinks its dumb.
But then we are dealing with an entity which will not address academic research which proves it is wrong by calling it fancy stuff. Which of course not addressing a point in discussion is not civil behavior.
What a bunch of delusional drivel. Money 'retained' by the company will be reflected in the value of the unit.
Great post I would add that once again Barron's made a silly comment about GAAP treatment of the out premium cost.
It is expensed on the income statement.
DCF is not a GAAP measure in and of itself. So taking the comment of a CPA was more transparent monkey business about not including put cost in the DCF.
The important thing here is that the expected distributed cash flow going forward is not impacted by this in anyway. Management is going all swaps so there is no necessary sustaining capital going forward which would lower DCF due to put purchases.
Management at the WSJ Service really should look at this. A negative piece easy could have been done with some journalistic integrity. But this is clearly not journalism or even plausible fair negative opinion. At this point the sunk cost in the puts does not interfere or lower expected DCF going forward.
This is actively attempting to scare rather than inform investors. Shame. Barrons had a great reputation.
Willie You have proven you have no understanding of markets, economics or LINE to offer an informed opinion.
Nor do you have any personal interest in improving you condition of fundamental ignorance of the subject at hand.
That clown shilling for Hedgeye is really damaging the Barron label.
First Hedgeye said ti was worth $5. Now it is worth $17. Until now it could not be calculated. Well LINE was riding the futures curve and benefiting from it.
Pretty churlish to go on about the cost and not 'accounting for it' while claiming the higher realized ng prices were all from selling puts above strip.
On it goes. But now it is out that the target of the short effort is to wreck the BRY deal. Which beneficial is not required to maintain the distribution.
Good Morning Sand,
I see the OLB is still prattling. Still bashing with the intent to deceive rather than inform. Sun rises sun sets.
I give you a 9 for the shuffle
a 5 for the dunce cap
and 10 for the nose action.
Score 24. Maybe you can add some more for the day.
Spain Said to Be Poised to Cut Renewable Subsidies
MADRID—Juan Antonio Cabrero is bracing for the savings he invested in a solar-energy farm in northern Spain to disappear into light.
In 2008 Mr. Cabrero put up his €20,000 ($26,200) life savings and took on a €80,000 bank loan to buy part of the solar farm, pledging his home in nearby Tafalla as a guarantee. Spain's government was promising more than two decades of large subsidies to spur the growth of solar energy, and Mr. Cabrero thought his investment would safely provide a nest egg for his planned retirement in 2018.
Now, because of cuts in renewable-energy subsidies the government is said to be planning, the 60-year-old Mr. Cabrero may lose both his savings and his house.
"I feel cheated, misled and assaulted by my own government," said Mr. Cabrero, who works in sales for a company that builds hybrid-electric buses. "I never would have done this if I had known what would happen."
Under a broad energy-sector overhaul to be announced as early as June 21, Spain's government will reduce subsidies to renewable-energy producers by 10% to 20%, people familiar with the plan said Thursday.
The move could drive tens of thousands of struggling solar-energy companies and individual investors like Mr. Cabrero into default at a time of deepening recession and eventually boost loan losses for banks that financed the projects.
Yea America is broke too thanks to Obama's wild spending.
Just stop all this insanity and get American natural gas into the American economy where it benefits all of us.
A real Democrat would have went for natural gas infrastructure. If we had unions would be looking for new members to handle all the work. That would have been sane things we know work like dams and free way systems.
Wed Mar 13, 2013 3:11pm EDT
(Reuters) - U.S. refiners may be forced to boost gasoline exports if the government does not revise the country's ethanol requrements, a refining executive said on Wednesday.
Faced with a spike in ethanol credits that gasoline producers must purchase to stay in compliance with federal renewable fuels requirements, refiners could be forced to export more gasoline, shrinking the supply for domestic consumption. Gasoline prices at the pump last week hit the second highest level on record for this time of year.
"In the end, you'll see more people exporting more gasoline," said Kevin Brown, senior vice president of refining at Lyondell Basell Industries NV during a presentation to Wall Street analysts. "That will dry up the gasoline market."
It might take a little while. But elimination of the mindless summer winter and localized requirements corruption would definitely and significantly lower American gasoline prices.
If competition were allowed between regional refineries it would be far more profitable to go for domestic market share than the expensive export markets. American consumer would at least get some benefit from the American oil discounting.
In fact America has the OIL, Gas and coal that OPEC will not be our concern very shortly.
The real problem is Progressives have completely rigged our domestic gasoline markets.
The good news is that Obama has abused power so broadly that by next election Americans will be ready to listen as to why the IRS and EPA must be more accountable to us.
Corn Monster your political corruption costs 30%+ more than the superior gasoline we are exporting. :-)
If you can not figure that out why on earth would you think people should take your advice on investments?
I believe we are now exporting well over net 500,000 gallons of gasoline a day now. America has no need or use for Stag the Corn Monsters political corruption ethanol. Far more than the 13 billion+ gallons of ethanol corruption we are being inflected with.
Besides why not allow our natural gas to complete as chemically identical ethanol at half the price for fellow AMericans.
Really Stag you have hot tips? Really? Believe me I have seen the research on your behavior and your odds of making money are better at the roulette wheel.