THE $100mm of cash flow is only the PXD 50.1%..Epd is paying about 10x for all...Good price..Will lock in at least another 5 years of Quarterly Dist. increases.
This company could go under..Selling assets and borrowing from the future to pay current Dividends.Outlook good in 2020 if they can get there..Most of the forward operating improvement is from non-cash items.....Sadly.
At the end of 1q they owned 5.4% according to Yahoo.Who knows what they own now..At that time they were the 2nd largest Institutional Shareholder..Which means they get the 2nd call from Management when/if there's a problem..Since they have access to Management on a level we don't have I would trust their info above ours....Doesn't mean they're right but it does mean they're better informed !
Beaches reopening June 4...Amount of oil released reduced...Should be a minimal financial event for PAA in spite of an unfortunate Environmental one.
Many may have bought for the tax deferred Dist.....which now may be a taxable DIV...Now back to it's offering price it's probably a good buy.
Because LNG is going to produce and sell LNG doesn't automatically mean they will make a positive ROR doing.But it will be shipped at a profit to the Shipper.