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Inergy, L.P. Message Board

smneedleman 15 posts  |  Last Activity: Aug 21, 2014 11:13 AM Member since: Apr 12, 2012
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  • Reply to

    Mondays earnings and your feedback.

    by textd Aug 20, 2014 3:13 PM
    smneedleman smneedleman Aug 21, 2014 11:13 AM Flag

    Getting the dividend today and the earnings release have no correlation. The next ex date is August 27. So, if they wanted to tie earnings to a meaningful dividend decision it would be made around that date. No conspiracy but nice try

  • smneedleman by smneedleman Aug 20, 2014 5:50 PM Flag

    Purchased 500 shares KMP on 3/6/2014 at $75.58. What is the best thing to do as far as selling, if so at what price, or taking the deal for KMI?

  • Reply to

    Fun collecting / Not so Fun losing

    by hecilopter May 9, 2014 10:38 AM
    smneedleman smneedleman May 9, 2014 12:54 PM Flag

    Which is why you buy on the dips to average down. Here is your chance, don't miss it

  • Reply to

    MAIN

    by crashcardigan May 9, 2014 12:35 PM
    smneedleman smneedleman May 9, 2014 12:52 PM Flag

    Love it, sweet chance to grab a bunch more shares and average down. Picked a few thousand at $10.11

  • smneedleman by smneedleman Jan 24, 2014 3:25 PM Flag

    With nat gas soaring, we should see a nice pop in UAN?

  • Reply to

    IR link..posted a response to Mr Harris

    by greenroger22 Aug 8, 2013 9:44 AM
    smneedleman smneedleman Aug 9, 2013 2:04 PM Flag

    Wes answered my response I posted it for you and all to read, thanks

  • Reply to

    Investor Relations Response

    by smneedleman Aug 9, 2013 1:09 PM
    smneedleman smneedleman Aug 9, 2013 1:10 PM Flag

    On the afternoon of Thursday, July 25 (one week before we were scheduled to report Q2 earnings), we were informed by Icahn Enterprises (82% owner of CVI, our parent company) that IEP planned to announce a bond offering before market open on Monday, July 29. This resulted in UAN, CVI and CVRR needing to pre-release Q2 estimated results and updated full year outlooks by Friday, July 26 (the next day). We spent the evening of July 25 and the day of July 26 preparing and securing approval for the press release and related SEC filing for UAN. There are a number of steps required in this process given we needed approval at the UAN, CVI and IEP levels, and this took longer than we would have liked. This resulted in our press release not being publicly released until Friday evening. Clearly, this timing was not ideal from an investment community perspective…
    I recognize that the above explanation does not make the unit price decline any easier to deal with, but I wanted to give you some background on the sequence of events as it goes directly to your view of UAN management. I can tell you that our management team is very focused on the needs of our unitholders --- no matter what the size of their investment. As we have done in the past, we plan to continue our efforts of responsibly managing and growing the partnership for the benefit of all our unitholders well into the future.
    Sorry for the long response … thanks for your time.

    Best regards,
    Wes

  • I took the advice of greenroger22 and contacted Wes Harris about my frustration with the poor communication of the plant unexpected down time. I was appreciative of his candid response:
    We appreciate your note and understand your frustration with the unit price ... we are disappointed as well.
    While clearly unfortunate, I believe it is important for investors to understand that the downtime in late May and early June combined with the lower ammonia production after the second plant outage did not move us below our previous outlook of 2013 full year distributable cash flow of $2.15 to $2.45 per unit. This did not happen until the second week of July when we entered into orders for second half 2013 production as part of the annual fill season process at prices that were much lower than what was included in our $2.15 to $2.45 outlook.
    We then spent time over the following days analyzing whether we should continue to operate the facility at the reduced ammonia (and thereby UAN) production rates or should we bring the plant down in the near term to replace the damaged catalyst. Given the current lower pricing environment and the risk of further degradation of the catalyst that could lead to having to bring the plant down for repairs later in a potentially higher pricing environment, we decided it was best to bring the plant down on Saturday, July 27.

    Continued on next post

    Sentiment: Strong Buy

  • smneedleman smneedleman Apr 4, 2013 11:06 AM Flag

    Thank you Cramer for your idiotic analysis that even my fifth grader knows is wrong. Now I just bought another 1,000 shares under $24. At the $2.45 distribution rate my 401K's largest holding will now yield a whopping 10.316% plus any appreciation in share price once these fools realize the yield is not 3-4%.

    Sentiment: Strong Buy

  • smneedleman by smneedleman Jan 28, 2013 2:25 PM Flag

    Nice sell off on the low dividend from non-investors who are uninformed that the dividend will return to normal and then some once new plant is operational. Doubled my position here at $26.90, now up to 4K shares.

    Sentiment: Strong Buy

  • Reply to

    Where are my sph shares?

    by vlahosa2000 Sep 20, 2012 4:09 PM
    smneedleman smneedleman Sep 20, 2012 7:03 PM Flag

    They said they would not be available until after the 19th, but could not say when they would be in the accounts for sure. It usually takes 2-3 days, so they should be in by Monday at the very latest.

  • SMNeedleman by SMNeedleman May 30, 2012 9:46 AM Flag

    Why the big drop this morning?

  • SMNeedleman by SMNeedleman May 24, 2012 4:54 PM Flag

    Tender offer is for 95% of the NAV per share on the close of business Monday June 18. Offer experies on June 15 unless they decide to extend the offer.

  • Reply to

    Timing

    by SMNeedleman Apr 12, 2012 8:18 AM
    SMNeedleman SMNeedleman Apr 13, 2012 9:33 PM Flag

    No, I am seeking anybody who may know how these transactions usually occur, i.e. timing etc...

  • SMNeedleman by SMNeedleman Apr 12, 2012 8:18 AM Flag

    Is there anybody who has any REAL insight as to if and when a sale may occur? Or, after a certain period of time is there just no buyers for PCC?

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