Nor is there a dividend, so quit parsing interchangeable terms
Are you a troll? Look at NRP. Hugely profitable (albeit declining and in debt) - they pay out about a tenth of their cash flow. How about Mcep? Highly profitable the fourth qtr of last year but suspended the distribution completely.
The only thing that governs how much must be pais out is the shareholder agreement.
I sold a bunch of Oct 16 puts at $4 meaning my net cost would be $12. So that's $7 for the cash and $5 for my lottery ticket. ;-)
Irrelevant, isn't it? The actual number that got us to this huge storage situation doesn't matter. Now, if the storage levels were shown to be hugely wrong that would be a different matter....
yes, very integrated with the steel industry demand. but they are the low cost producer as they have the newest plants - so if push comes to shove the steel companies will shut down their own coke production first. management is almost apologetic that they aren't INCREASING the distribution further.
Make sure you read up on the "minimum distribution" and the sxc guaranty of the drop down take or pay contracts. as far as well positioned for the debt rollover, I guess my opinion is that it's irrelevant because I will have all my money back by then from the over 30% distribution
If you can't decide then equally split your money up between the four. You're throwing mud against the ceiling so how much certainty do you need?