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Albert Alfonso  

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  • Williams Partners: A Wise Purchase [View article]
    berloe,

    Good question. I am referring to holding these stocks in IRAs. MLPs distributions may face an unexpected tax due to UBIT. Dividends do not have this issue.
    Apr 9, 2015. 06:21 PM | Likes Like |Link to Comment
  • Linn Energy: The Distribution Could Be Heading Lower [View article]
    The EIA data should be taken with a grain of salt. They are guessing most of the time. The "real" inventory numbers are only known months later.
    Apr 9, 2015. 11:22 AM | Likes Like |Link to Comment
  • EV Energy Partners Sells Its Crown Jewels [View article]
    Random Logic,

    WPZ is the winner here. UEO has a great growth outlook.
    Apr 9, 2015. 11:21 AM | Likes Like |Link to Comment
  • EV Energy Partners Sells Its Crown Jewels [View article]
    RLP,

    EVEP has been trying to sell UEO for awhile (since late 2013). They wanted to get a big premium and got it. While the cash helps liquidity in a big way, EVEP will need to be revalued lower as its remaining asset base is lackluster.

    As for acquisitions, they noted recently that they intend to be a buyer.

    I agree that EVEP is in better straights than others (BBEP, ARP) in the sector.
    Apr 9, 2015. 11:19 AM | 1 Like Like |Link to Comment
  • CVR Refining: A Feast Or Famine Distribution [View article]
    Darren,

    It appears crack spreads were high for Q1 2015. We could get a record quarterly distribution from CVRR.
    Apr 9, 2015. 11:13 AM | Likes Like |Link to Comment
  • Memorial Production Partners: Buy The Dip? [View article]
    Rawenergy,

    So the sponsor is selling some equity. This is a non-dilutive offering but may hit the unit price tomorrow.
    Apr 8, 2015. 04:53 PM | 1 Like Like |Link to Comment
  • Williams Partners: A Wise Purchase [View article]
    alschroed,

    Who knows, maybe that is the future for many of these midstream MLPs. KMI, EPD, MMP, etc show that this sort of move makes sense. I think WPZ will recover. It is still recovering from its merger and oil price fall.
    Apr 8, 2015. 04:52 PM | Likes Like |Link to Comment
  • Williams Partners: A Wise Purchase [View article]
    surfgeezer,

    Technically, there was no "distribution cut". What happened was the "old" WPZ got merged into ACMP creating the "new" WPZ. I think unitholders got a great deal due to ACMP's much faster growth and prime asset base.
    Apr 8, 2015. 04:49 PM | 4 Likes Like |Link to Comment
  • Textainer Group Holdings: Waiting For Higher Interest Rates [View article]
    Random Logic,

    Not really. TGH tends to sell-off pre-earnings and recovers thereafter. Not alot of new news out there, so flat eps growth has led to a multiple contraction.
    Apr 8, 2015. 05:16 AM | Likes Like |Link to Comment
  • Memorial Production Partners: Buy The Dip? [View article]
    Rawenergy,

    Don't forget that the short attacks (Barron's and Hedgeye) made it more expensive for the upstream MLPs to raise capital and called into question the buying of puts.
    Apr 8, 2015. 05:14 AM | Likes Like |Link to Comment
  • Memorial Production Partners: Buy The Dip? [View article]
    Griffin,

    QRE had better hedges.

    When I bought QRE, they had the second best hege book behind only MEMP. http://seekingalpha.co...

    Notices that all of BBEP's 2017 hedges are pretty much thanks to QRE. 2016 was also much better. BBEP was only really hedged "strong" in 2014/2015.

    I think if QRE had not merged they would look alot like VNR, down 50% compared to BBEP's 75% decline. I feel like unitholders loss value in the merger. Keep in mind that I suggested selling QRE after the announcment :)

    http://seekingalpha.co...
    Apr 8, 2015. 05:10 AM | Likes Like |Link to Comment
  • Memorial Production Partners: Buy The Dip? [View article]
    Pablo,

    QRE had much better hedges and was not really as leveraged. Also, QRE was generating DCF well above its distribution in 2014 while BBEP was not.
    Apr 7, 2015. 04:40 PM | 1 Like Like |Link to Comment
  • Memorial Production Partners: Buy The Dip? [View article]
    Pablomike,

    BBEP can say all they want. However, their actions tell a different story. They needed capital and fast. Its was painful, but at least BBEP should remain solvent until year end 2016.
    Apr 7, 2015. 04:38 PM | 1 Like Like |Link to Comment
  • Memorial Production Partners: Buy The Dip? [View article]
    Griffin Mungus,

    I think the difference between my numbers and yours has to do with LOE assumptions. Nevertheless, 0.95x to 0.97x. vs ~0.90x is not that far off.
    Apr 6, 2015. 01:47 PM | 3 Likes Like |Link to Comment
  • Linn Energy: The Distribution Could Be Heading Lower [View article]
    Casey,

    I actually think my article was fairly neutral. LINE has upside if oil recovers, but the current distribution is not safe at current prices. It is hard to stay in the middle with LINE, so much emotion on both sides.
    Apr 6, 2015. 01:42 PM | 5 Likes Like |Link to Comment
COMMENTS STATS
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