Unless they were prevented due to their variable rate charter , I'd believe they'ed be better off issuing secondaries to have the market pay for the capex. There would be some stock dilution which would be a good thing IMO, since their float is vary thin.
I now realize that this is a variable rate MLP, unlike the majority of mlps that are, say, constant rate MLP's. Investors measure their performance by holy grail of distribution crowth. So, the latter mlps would have issued secondaries to cover the cost of capex (new mines) in order to maintain their dist. growth
Variable rate mlps are not under that need. Let's see if Mr. Market understands the difference.
The weather problem was last qtr, not this qtr. Nothing to do with this qtrs increase.
Mr. Market tomorrow will tell us whose right or wrong . I have a big stake in this co. so I hope I'm wrong.
You obviously don't know anything about MLP's. It all about the distribution growth rate. If this co. was hitting on all cylinders, then the dist. would be a lot more this qtr. They should have beat HCLP's 10% increase this qtr. since they don't have to feed distributions back to the GP.
Little bit confusing. They talk about 5 cents from 2013 that is included in this $1.17. Does that mean it s really $1.12, which would be a penny decrease from the $1.13 last quarter.?????. Not good IMO
It happened with PDH. Buyout was $14 and during that time frame, it rose to $14.45 to factor in future distributions. On the last trading day, shares were bought out for $14.00 and we got a an additional $.40. This is my second buyout. I predict we'll see $23.12..
That's true about current valuation. IMO, Future valuation should include distribution you will receive until the deal closes. Particularly since this is a high yielding stock The market will tell us.
According to Bloomberg, holders will get $22.48. However, that does not seem to include the distributions. If the deal closes in late 2014 or 2015, there are about 4 monthly distributions QRE holders will be getting until the deal closes that should be added to $22.48 share price. Soooooo, 4 x $0.16 = $.64. We should eventually realize around $23.12. Lets see if I'm right.
Holders of Houston-based QR Energy will get 0.9856 of a Breitburn unit for every QR unit they own, the companies said today in a joint statement. That’s about $22.48 a share, a 19 percent premium based on yesterday’s closing prices.
HCLP posted a nickel distribution increase this qtr. EMES's dist. growth is twice HCLP's on a percentage basis. EMES's Dist. Growth rate is 42% while HCLP's is 18%. HCLP is up a nickel this qtr, soooooooooo EMES is up 11 cents?? We shall see. Anyway that's my prediction
I'm adding too. I like the stats, Dist. growth rate 23%, EV/EBITDA 6, P/S .1, Looks like an early version of TRGP which went from 30 to 140 in 3 years? Bonus? it a GP.
HCLP calme out with a nickel dist. increase for a 21% annual increase yesterday. EMES has a 42% annual increase so far. Interesting to see what EMES's will be for 2nd qtr.
I view ceramics as a side show. Its more costly and couldn't keep up with demand. I could be wrong.