Large Cap MLP'S traded 4x to 20x average daily volume late as apparently a Major MLP holder liquidated..Maybe Fiscal year end next week,maybe rebalancing. Would not take it seriously.Look @ volume for PAA,MMP,EPD,BPL,and the two KM Companies KMP AND EPB....
MMP and EPD merged their G.P'S a while ago so their circumstances aren't similar to KMI.in that they cannot be acquired by a GP that they don't have......Would they voluntarily change their Structure ? I seriously doubt it.Can't see any benefit for their Shareholders.
Potential is there. Short interest @ end of Oct was nearly 12 % of the float. 2015 NUMBERS from todays call suggest to me EPS of $1.30 to $1.50 and EBITDA of $3.50 to $4.00.Put GLNG'S VALUATION on this stock and it's 3x-4x the current price..
GLOG had great things to say today regarding the recent upturn in the Spot market as well as Long Term outlook.And GLNG is up big today. Yet this one continues under pressure.I don't get it unless it's tax related selling.
Reported $0.26.Raised Div. from $0.48 to $0.56.Suggested potential for 24% annual Div. growth thru 2018..Also a planned Dist. increase @ GLOP will move GLOG into a higher IDR tier which means a higher % of GLOP'S DCF will flow thru to GLOG to pay Dividends,Finance Newbuilds etc.
Also said Spot prices and activity rising !!
Everyone who ever bought it has a(unadjusted) loss in one of the greatest Bull Markets ever..For many it's the only TAX LOSS in their Portfolio. Pressure from those folks until year end.
I think Charter news on the 2 new deliveries is much more important than a short term EPS number which isn't particularly important to Shipping Companies...
CUTTING a 2nd time would be suicide for the stock imo ....would using OCIR Stock to aquire FMC with NRP'S financial backing work ?
Inventory liquidation,according to MUR, will provide ~$500mm in cash much of it already received. All related costs not borne by the U.K. govt.were reserved for (as requied by UK accounting standards) when the Sales effort was made public almost 2 years ago.