$744mm divided by $3.040B is less than 25% even assuming they can use100% of the proceeds for Debt repayment..I agree they should be reducing Debt..Particularly since they were cut to below IG.So I guess I view it as necessary rather than positive.
Half of what I expected..Guess it's the sign of the times,building coverage...Hard to complain of 11years of consecutive quarterly increases @ double-digit annual rates.
Preferred Private Placement continues a seemingly unending appetite for Equity issuance..Glad to see acceptance by high quality lenders,but at some point Dilution may become an issue.
Anyone else notice this stock sells off in the last 30 minutes nearly every day.Today we lost 2% late and that seems to be a consistent pattern lately...??
Over the next 3 years that have the opportunity to add an additional 2Dropdowns, and aquire 49% of 4 newbuilds with 15 year plus extension comtracts.....Hope you will be around for all of it !
Read their annual report but don't think DLNG I an MLP for tax purposes...Think they are taxed as c-corp in which case you're safe in my opinion. I too hold it in an IRA
Best news will be that OAK pull the plug on this dumb #$%$ management team and runs the company for the unit holders with some degree of Balance Sheet and Risk Management..
He didn't read the report,or if he did didn't understand it...He knows he's short and with oil trading $10/bbl (brent) above their Budget he has a problem.
Terms of the Preferred..Smart move.Don't have to access the Equity Market.That was the reason to include that provision..Say's nothing about anything else and in fact improves the sustainability of the Common Dividend
Warren will be a Buyer tomorrow..He's aware of these numbers and isn't in the Stock for the next 2-3 Quarters results..