We will easily get another dist. increase. They have a dist. coverage ratio of 2 sooooo, its a no brainer to get a increase. All they have to do is decease the coverage ratio to get an increase irregardless of their earnings.
Yikes, -10% Negative return on equity (ROE) and Debt to EBITDA ratio approaching 6. I wouldn't buy it. IMO, Cos have to have at least 15% ROE and for MLP's less that 4 Debt/EBITDA.
Glass making, chemical industry, water softening, flue scrubbing, etc. 13 pounds of soda ash produced per person each year.
One can now buy TEP fort $40.4. $3 less than what the CEO recently bought for and he bought 7,000 shares.plus it pays 4% dist. I recently open a bank account, getting 0.2%.
FWIW, I'm not selling. Actually, i can't, have too many shares. however, its a keeper, as far as I'm concerned. It has a dist. coverage ratio of 2 so its well protected, etc, etc.
I believe that lower oil prices should benefit these oil servicers.(MMP, DKL, PSXP, TEP, etc)
IMO, Lower prices should eventually mean more oil sloshing through the system. In any case I'm hanging in maybe because of the low trading volume, no choice.
You wrote that on Sep 10 when it was $73, now its $66 sooooo, I'll stand by my statement, it got ahead of itself.
I agree, problem with the stock is the low volume so on bad days the declines are mangified. Only 10,000 shares can send it down more than one point..
The price of oil is dropping big time. That should bode well for the mainline mlps since it implies more oil being pushed around and stored. Anyway thats my take, i've been wrong before-))). PAGP, TRGP, DKL, TEP should benefit. lets hope
That's what makes a market, buyers and sellers. I reduced my holdings in emes from 50% to 10% of my portfolio. (my cost was $34) As long as oil is trending down, I don't see much upside to ems. Not all of their contracts are take-or-pay. when oil stops falling i'll get in again. meanwhile I redeployed into pipelines such as mmp, pagp, trgp, dkl, tep. , etc. mlps that will benefit from cheap oil that's my opinion.
It was only downgraded because it was near its buyuout price. The ambulance chasers always issue investigations for any buyout. Hoping to make some quick bucks.
Picked some more up at $18.35.
Steifel sez We remind current QRE unitholders that they are expected to receive an increased yield post the merger as BBEP is expected to declare an annual DPU of $2.08 (or approximately $2.05 giving effect of the merger ratio).”
Sooooo, thats a 11% yield at $18.40. They're well protected with their hedges several years out so even if the price of oil declines.........