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Albert Alfonso  

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  • Kinder Morgan: Easing The Crude Oil Glut [View article]
    mjtroll1,

    Yes. KMI uses that metric in its material. Why would I not do the same?
    Jul 1, 2015. 09:04 PM | 2 Likes Like |Link to Comment
  • Panic Selling Has Put Magellan Midstream Partners On Sale [View article]
    bobauten,

    They have $1.2B firm plus a possible another $500M through 2016. So $1.2B to $1.7B over two years is $600M to $850M per year. To keep leverage below 3x, they may need to issue a very small amount of equity.
    Jul 1, 2015. 08:53 PM | Likes Like |Link to Comment
  • Panic Selling Has Put Magellan Midstream Partners On Sale [View article]
    MMP has always been on my radar. Yield was too low for a long time. One issue is that I am like dividends more than distributions for tax reasons.
    Jul 1, 2015. 08:38 PM | Likes Like |Link to Comment
  • Prospect Capital - The Rate Hike Jitters Are Overdone [View article]
    perryflorida,

    I own PSEC as part of my high-yield basket of stocks. My stake is smaller, under 2% of my total invested capital. This is a high-risk, high-reward, play
    Jul 1, 2015. 09:34 AM | 1 Like Like |Link to Comment
  • Prospect Capital - The Rate Hike Jitters Are Overdone [View article]
    incredulous123,

    The market is in a risk-off mode. Fairly or unfairly, PSEC is getting sold alongside the REITs. Think of it as the proverbial babe in the bathwater.
    Jul 1, 2015. 09:30 AM | Likes Like |Link to Comment
  • Prospect Capital - The Rate Hike Jitters Are Overdone [View article]
    awhseh,

    Looking at the price action in PSEC and mREITs, I think this name is getting pulled down by traders, not by long-term holders selling. FSC is in a similar boat as are KCAP and TICC.
    Jul 1, 2015. 09:28 AM | Likes Like |Link to Comment
  • Prospect Capital - The Rate Hike Jitters Are Overdone [View article]
    "The internal rate of return has been less than 5% since the original IPO which is pretty low in comparison to the "2% and 20%" that management gets."

    Are you including the large losses suffered due to the 2008/2009 crash? PSEC has averaged a much higher return than that since 2010.
    Jul 1, 2015. 09:26 AM | Likes Like |Link to Comment
  • Pengrowth - Asset Sales And An Update On Lindbergh [View article]
    I'm pretty sure they cannot buy back shares without taking care of debt first. I would not mind seeing the dividend suspended for this goal.
    Jun 30, 2015. 11:00 PM | Likes Like |Link to Comment
  • Kinder Morgan: Easing The Crude Oil Glut [View article]
    Chancer,

    Yup, net debt should increase as KMI grows. I am more concerned about leverage and the credit rating which can raise the cost of capital if they get downgraded.

    The 50/50 equity/debt split was under the old KMP model. I think KMI is aiming to use more equity in the future.
    Jun 30, 2015. 10:33 PM | 1 Like Like |Link to Comment
  • Pengrowth - Asset Sales And An Update On Lindbergh [View article]
    ca7711,

    Not really. PGH has way more land and reserves than it realistically needs. This is mostly a legacy of the boom days when they were a royalty trust (A Canadian version of a MLP).
    Jun 30, 2015. 10:29 PM | Likes Like |Link to Comment
  • Pengrowth - Asset Sales And An Update On Lindbergh [View article]
    Hammer,

    "why did they NOT sell the so called "non-core" assets when prices were more favorable just 2 years ago??? why? Were they core 2 years ago? lol!"

    They did. PGH sold $700M in assets in 2013 to fund Lindbergh phase one. http://bit.ly/1eZkg0L
    Jun 30, 2015. 10:25 PM | 1 Like Like |Link to Comment
  • Pengrowth - Asset Sales And An Update On Lindbergh [View article]
    Hammer,

    "Something is seriously wrong with the business model at this company."

    Care to share what you think can be changed?
    Jun 30, 2015. 10:22 PM | Likes Like |Link to Comment
  • Pengrowth - Asset Sales And An Update On Lindbergh [View article]
    Michael Blair,

    Thanks. While my position is no where near as large, PGH is one of my largest holdings. It was my largest before Apple rallied and PGH fell. It is crazy that it is now near its 52 week lows -- almost as if oil did not rally from $40 to $60...
    Jun 30, 2015. 08:02 AM | 2 Likes Like |Link to Comment
  • Kinder Morgan: Easing The Crude Oil Glut [View article]
    Gil Lopez,

    Debt is a concern. However, leverage should lower given that the cost of capital on the equity is much improved. The old KMP had to issue a lot of debt to fund its growth. Same with the old KMI and the El Paso Merger.
    Jun 30, 2015. 07:55 AM | 6 Likes Like |Link to Comment
  • Pengrowth - Asset Sales And An Update On Lindbergh [View article]
    12.5K bpd was the initial target. They were able to exceed that number. As to how, they mostly incorporated some of the spending 2 plans into phase 1. The entire Lindbergh facility was built to handle 50k bpd after all is said and done.
    Jun 30, 2015. 05:04 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
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