Most of their assets are close or next to each other, they can reduce operational costs, receive over 19k boepd some unhedged .
So they have more production, reduced costs at the production and operational level.
but the most important item is that BBEP"s mngt is A+, QR's mngt is a C and that is the most important part of this equation.
This is about future cash flow and together they can reduce costs and increase production.
They make nothing, they risk no money for research and development and they just raise rates when they need more $$$.
How about the pres cuts his salary in half as part of your lower the price request.
First go to a Lumber Liquidator store, they are little simple filthy showrooms with a few pieces of hardwood.
Go to a TTS showroom and you will find amazing displays showcasing ideas on using tiles for walls floors and accessories the displays are all movie set Hollywood quality .
The employees are great ,LL employees are somewhat rude especially if someone is undecided and asks a lot of questions, they seem to just want to write orders.
In two of the three TTS stores I visited they had some if not the most educated sales reps I ever experienced, forget Homedepot and Lowes their reps are useless and that is if you can even find one, the TTS reps offered advice and explained in detail pros and cons of types of tile and used visuals within the displays to point out ideas and why they work. By the way over the years I have put in over 20 bathrooms and 10 kitchen and know tiling very well.
Prices are very good not the cheapest and certainly not the most expensive but considering you only buy tile in smaller amounts ie 250 sq feet an extra 1 per foot is nothing, they have the stock and all the tools anyone needs to get the job done. They offer diy courses and even rent saws etc.
Great co with a great future buy it and put it away soon housing and renovations will be back in full force.
Cover before it gets very costly.
Fun and game sis all over now you all will wear cones,
One of the largest apartment brokerage co's in the US by volume, if they can replicate their success across a few of their other locations they could move to the #1' slot. Overall BGCP just gets better and better as they execute and continue to grow the commercial re business.
We;come aboard, this is a great reit with lots of upside and in this market it is even safe.
RAS is on tap to increase their ongoing mngt revenues and mortgage origination fees for the refis of debt on the new properties.
I double my core on irt and bought some trading shares.
Do the math using last qtrs ffo of .33 then add in the new property and some rent increases, I see a blow away qtr. on tap.