Liza, the fallacy in your reasoning is that your July payment is for work you did in April (not June); the August payment is for May's work, etc. The "phantom" June payment you claim being missed is paid in September. Distributions are paid in arrears, not forward.
By manipulating the payment dates in your examples you claim to prove there is a missing payment "on average" over three examples. Move the sale dates one day and I proved the average is actually more than 12 payments per year.
If Linn had done what VNR did, they would be paying 13 months of distributions in 2012. They can't afford 12, but that's hardly the point.
Liza surely you know the difference between a record date and an ex-date. The dates you gave are the ex-dates.
With VNR you received 13 payments in 2012; certainly a bonus for unitholders but nothing that Linn is required to imitate.
In your b) case you would receive still receive the February payment.
In your c) case you would receive the March payment.
Those dates are the ex-dates.
If you backed up your b) case by two days, you would get two quarterly payments plus the 8 monthly payments, or 13 total.
Koch Pipeline Co. LP is holding the first phase of an open season for its 250,000-b/d Dakota Express Pipeline to transport Bakken crude oil from western North Dakota to Hartford and Patoka, Ill. Koch also intends to explore a connection at Patoka to the Eastern Gulf Crude Access Pipeline, which would be capable of delivering Bakken crude to eastern US Gulf Coast refineries. Dakota Express Pipeline would enter service in 2016.
Dakota Express would include new construction while also using Koch’s existing Wood River Pipeline and Hartford terminal. Wood River has historically transported crude oil south-to-north from Hartford to the Saint Paul, Minn. area. Koch has completed an engineering viability study on reversing its flow for use as part of the Dakota Express Pipeline system.
The nonbinding first phase of the open season will begin July 1 and last 45 days. If sufficient shipper interest is received in the first phase, Koch may proceed to the second phase, during which binding commitments would be sought. The project is subject to management approval and receipt of necessary permits.
Because both of them k now that with all the new people on the board none of them would put up with their BS. They'll wait until things die down and then come back with all of it.
I see you tried to go and infest the EVEP board . what's the matter, you couldn't get Norris to follow you over there and endorse your propaganda there?