Sun, Dec 28, 2014, 11:45 AM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Inergy, L.P. Message Board

rrb1981 144 posts  |  Last Activity: Dec 24, 2014 4:29 PM Member since: Apr 18, 2001
  • Reply to

    is the model broken ?

    by crl1603 Oct 7, 2014 10:54 AM
    rrb1981 rrb1981 Oct 8, 2014 7:34 AM Flag

    No, maintenance capital should perpetuate reserves and cash flow. That is the definition. Every year, the MLP sets aside a percentage of ebitda, typically around 20-25% to be reinvested to offset the natural decline of existing wells.

    Maintenance includes both drilling of new wells, but also acquiring acreage upon which future wells will be drilled.

  • Reply to

    Hedges

    by ronharv Oct 5, 2014 5:11 PM
    rrb1981 rrb1981 Oct 5, 2014 9:38 PM Flag

    ronharv,

    The only thing that you have overlooked regarding Linn's natural gas hedges is the fact that for year 2016 (now less than 1.25 yrs away) they have a fairly significant drop in pricing from $5.12 to $4.48 (a 12% drop).

    That $.64 drop amounts to nearly a $100 million reduction in DCF. Of course, Linn is now operating with at least a 1.10x coverage for '15 on an annualized basis taking into account all of the recent transactions..

  • Reply to

    PSTR makes or breaks IMO at $1 level

    by bottman20012001 Oct 3, 2014 6:24 AM
    rrb1981 rrb1981 Oct 5, 2014 2:34 PM Flag

    PSTR is simply overleveraged. The preferred units are being paid in kind, which means White Deer simply owns more and more. I see this as a company on life support. White Deer will keep it alive to keep their investment alive, but I suspect outside investors will not likely prosper.

  • rrb1981 by rrb1981 Oct 5, 2014 9:20 AM Flag

    Couldn't help but notice that yet again, sandforbrains has been proven wrong (no surprise!). The distribution was yet again held static.

    Poor, poor sandforbrains. I guess he went into a depression of depravity once yahoo stopped letting him post his silly finviz charts.

    The board is so much cleaner without the filthy degenerate lurking about.

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.