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Albert Alfonso  

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  • Linn Energy: A Poorly Timed Secondary [View article]
    Pablomike,

    From the prospectus, page 5.
    May 19, 2015. 02:09 PM | Likes Like |Link to Comment
  • Linn Energy: A Poorly Timed Secondary [View article]
    mr jobs,

    You are correct. However, this move, while being a boon to the debt holders, is coming at the expense of the common unitholders. Thus, the major downside reaction.
    May 19, 2015. 12:49 PM | 2 Likes Like |Link to Comment
  • Linn Energy: A Poorly Timed Secondary [View article]
    njbother,

    LINE did not up the price for BRY. Why they did was increase the exchange rate, turning what was only a modestly accretive acquisition into a wash at best.

    That deal also greatly increased the float on LNCO, causing that stock to trade at a large discount to LINE, something which it really has not recovered from.
    May 19, 2015. 12:12 PM | 2 Likes Like |Link to Comment
  • Linn Energy: A Poorly Timed Secondary [View article]
    RLP,

    Yup, that was a typo. Pricing was announced at $11.79, so was only off by a penny.
    May 19, 2015. 12:08 PM | Likes Like |Link to Comment
  • Linn Energy: A Poorly Timed Secondary [View article]
    virtalex,

    LNCO is basically LINE. Each LNCO share is backed by a LINE unit. Buying them would be a wash.
    May 19, 2015. 11:56 AM | Likes Like |Link to Comment
  • Linn Energy: A Poorly Timed Secondary [View article]
    Raw Energy

    On the Berry bailout was indeed a major drain on LINE's credit facility. That plus the buying up of the senior notes at a discount are the cause of this secondary.
    May 19, 2015. 11:55 AM | Likes Like |Link to Comment
  • New Residential Has Significant Dividend Growth Potential And 20%+ Upside [View article]
    SNR is definitely undervalued. They are also a buyout target.

    As for the rump NCT, I need to do more DD before I give an opinion. Maybe they should funnel some of the legacy cash flow into areas of growth. My stake is so small now after the spin-offs that I hardly give it attention.
    May 18, 2015. 07:37 PM | Likes Like |Link to Comment
  • New Residential Has Significant Dividend Growth Potential And 20%+ Upside [View article]
    Father of Four,

    Yup, I own all the spin offs. I have not made any trades nor added any capital since 2013. No clue as to the future of NCT or the various tax issues since I bought and hold it in an IRA.
    May 18, 2015. 02:20 PM | 2 Likes Like |Link to Comment
  • New Residential Has Significant Dividend Growth Potential And 20%+ Upside [View article]
    Father of Four,

    I got into NRZ via NCT. So far, so good. The spinoffs have unlocked value and are providing plenty of dividend income.
    May 18, 2015. 01:13 PM | 2 Likes Like |Link to Comment
  • New Residential Has Significant Dividend Growth Potential And 20%+ Upside [View article]
    HLSS shareholders got a huge cash dividend payment from the sale. They are expecting another ~$0.70 per share payment sometime in 2016, hence why the stock still has some value.
    May 18, 2015. 01:10 PM | Likes Like |Link to Comment
  • ONEOK Needs To Consider Consolidation [View article]
    shotgun99,

    yup. EPD/MMP trade at a large premium to peers since they have proven themselves as growth MLPs.
    May 16, 2015. 09:51 PM | 1 Like Like |Link to Comment
  • ONEOK Needs To Consider Consolidation [View article]
    polecat,

    Thanks for following. I'll be writing about the downstream (refiner) MLPs next week. Lots of good news on that front and 16%+ yields.
    May 15, 2015. 11:37 AM | Likes Like |Link to Comment
  • ONEOK Needs To Consider Consolidation [View article]
    pmalter0,

    I understand your need for tax-sheltered income. However, OKS could be faced with lowering its distribution if it cannot boost DCF or remove IDRs. They have some breathing room, but the market is pricing it at a discount to peers for a reason.
    May 15, 2015. 11:35 AM | 2 Likes Like |Link to Comment
  • ONEOK Needs To Consider Consolidation [View article]
    GregT,

    One issue with the premium is that OKE has been hit much harder than OKS. OKE was a $70 stock as early as September, versus ~$44.50 today, a 37% decline. In contrast, OKS has only declined ~30% in value.
    May 15, 2015. 09:54 AM | 1 Like Like |Link to Comment
  • ONEOK Needs To Consider Consolidation [View article]
    pmalter0,

    Incendiary? I am just being realistic. OKS remains undervalued since many think the current distribution is unsustainable. Notice that the Q1 shortfall was largely due to increased IDR payments to OKE. The current structure seems to benefits OKE too much, at the expense of the MLP.
    May 15, 2015. 09:39 AM | 7 Likes Like |Link to Comment
COMMENTS STATS
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