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Exterran Partners, L.P. (EXLP) Message Board

youngwolf_98 11 posts  |  Last Activity: Mar 16, 2015 7:39 PM Member since: Dec 7, 2007
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  • Reply to

    MMP is getting ready...

    by bodjango2003 Feb 24, 2015 4:55 PM
    youngwolf_98 youngwolf_98 Mar 16, 2015 7:39 PM Flag

    Agree with that. Like both Mmp and Epd (as well as sxl). Epd has nice appreciation upside as far down from the high. Like the oilt deal and their product optionality as well as NGl strength. Feel like they could use more oil though. For oil, I like mmp (and Sxl) for their permian exposure especially. For now, increasing mlp midstream and dropped E&P for now. Like some oil service but feel like there will be time to scale in at lower prices.

    Sentiment: Buy

  • youngwolf_98 by youngwolf_98 Mar 13, 2015 4:46 PM Flag

    Saw the Franks International deal the other day and made me think about ENSV's competitive niche. Also read a piece about a North Dakota job fair and the focus is on hiring those necessary employees to 'service and maintain' the wells. That's why I like this company. For OT, I am also looking at Flotek as they have a few catalysts in play this year (despite the hurdles associated with low oil price - their stock around 52 week low). Will be an interesting week next week - hopefully we get an earnings tell.

    Sentiment: Buy

  • Reply to

    PNC

    by whodunit6065 Mar 11, 2015 9:27 AM
    youngwolf_98 youngwolf_98 Mar 11, 2015 4:50 PM Flag

    PNC deal looked good to me. Nice housekeeping move - principal prepayment of $100,000 that eliminated monthly fee of $12,500. I am adding under 2.00. Keep on trucking.

    Sentiment: Buy

  • Reply to

    Inventory Build

    by zone1345 Feb 19, 2015 11:42 AM
    youngwolf_98 youngwolf_98 Feb 19, 2015 1:26 PM Flag

    I expect price to return to 40s and possibly test the 30s based on continued oversupply/inventory build. WTI will continue to separate from Brent (more tied to ME issues and geopolitics) as the US deals with its export limitations. That said, I see strength in second half and into 2016 where I believe the price will return to 70s-80s. As for ENSV, I like the maintenance thesis as well as the backdrop of cold weather, growth in trucks and regions as well as their fuel optionality (not sure if natural gas is cheaper than propane at the moment). Most especially, I like their strong balance sheet, contract terms with producers and growth potential.

  • Reply to

    Any idea when earnings will be released?

    by zone1345 Feb 10, 2015 3:46 PM
    youngwolf_98 youngwolf_98 Feb 10, 2015 4:51 PM Flag

    March 19 according to Nasdaq but could be later that week......I think it was announced last year on the 17th and fell on the 20th.

  • Reply to

    Herman gone

    by whodunit6065 Jan 26, 2015 10:57 PM
    youngwolf_98 youngwolf_98 Jan 27, 2015 9:58 AM Flag

    I feel like he needed to unload some shares just so institutions could buy in as the float was so low due to inside ownership. The institutional percentage has gone up from single digits to over 32% but this last bump up seemed to be due to the fact that Herman made a deal with Cross River to sell his shares. Granahan number also seems to have increased. I know this is an issue for small firms with low float - institutions won't buy as there is a lack of shares to make a sizeable purchase (see also Jones energy). I like the fact that there is more institutional buy-in. If the market will do your work for you, then you can move onto other start-up endeavors. Seems like capital efficiency strategy to me but this is all guesswork....

  • Reply to

    Investor Presentation

    by zone1345 Jan 12, 2015 11:20 AM
    youngwolf_98 youngwolf_98 Jan 26, 2015 12:35 PM Flag

    Exactly Zone. I am just waiting their next activity report but I am of the bullish near-term/long-term camp rather than the opposite - especially as it is hard to find another oil and gas service company (of comparable size) with such a small debt:equity ratio (0.9). But time will tell. My plan is to keep building position in the sub-two range.

    Sentiment: Buy

  • Reply to

    Investor Presentation

    by zone1345 Jan 12, 2015 11:20 AM
    youngwolf_98 youngwolf_98 Jan 23, 2015 4:14 PM Flag

    Yeah - remind me to put in a buy order next week in the 1.70s. Nice to see fund accumulation and getting into the 30% range. Such low float - this will coil pretty tightly I believe.

  • Reply to

    Investor Presentation

    by zone1345 Jan 12, 2015 11:20 AM
    youngwolf_98 youngwolf_98 Jan 12, 2015 2:46 PM Flag

    Would be interesting to see if they addressed the status of the lawsuit, Hermann's share selling and the propane price (how propane competes with CNG/LNG/natural gas prices following the new capacity of their equipment).

  • Reply to

    Herman has been selling

    by zone1345 Jan 8, 2015 10:00 AM
    youngwolf_98 youngwolf_98 Jan 8, 2015 12:20 PM Flag

    Not sure what all that means but I can see that institutional holdings have been increasing - now over 30% on the TD site. Herman (and his family) still own a preponderance of shares but he has been distancing himself from the company of late. I guess I would have sold my shares in the $4 range if I was going to dilute my holdings but timing is always of the essence.

  • Reply to

    Price Movement

    by options999 Dec 21, 2014 9:37 PM
    youngwolf_98 youngwolf_98 Jan 2, 2015 12:48 PM Flag

    The good news as well is multiple service contracts and large size customers - anadarko, noble, statoil as can see from their investor presentation. As they say in game of thrones, winter is coming and natural gas feedstock will help lower costs. One of my favorites at these prices but I agree that even the large rig programs will be reduced. As their focus is more on maintenance and servicing, they are less exposed to exploratory and NEWFIELD business reductions.

    Sentiment: Buy

EXLP
25.35-0.15(-0.59%)Mar 26 4:00 PMEDT