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Albert Alfonso  

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  • Plains All American Pipeline: The California Oil Spill Adds Considerable Downside Risk [View article]
    Anasazi101,

    Let them talk. Its better for long-term investors to have lower prices. Makes for a better return if re-investing dividends.
    May 26, 2015. 09:54 AM | Likes Like |Link to Comment
  • Plains GP Holdings: Waiting For A Pullback [View article]
    beaux,

    That are a LP according to their filings. PAGP has a very odd structure in place, taxed as a C-corp, but still paying distributions, not dividends.
    May 26, 2015. 09:36 AM | 1 Like Like |Link to Comment
  • Resource Capital Needs To Get Its Act Together [View article]
    MaryDeLaPoer,

    Natural causes? mREITs are trading at historically low valuations (0.80x book value). This has spread over to BDCs/ commercial REITs. Even with the book value declines, RSO has posted a ~7% annual return (dividends and book value changes) since 2013.
    May 26, 2015. 09:13 AM | Likes Like |Link to Comment
  • Plains All American Pipeline: The California Oil Spill Adds Considerable Downside Risk [View article]
    Owen Worley,

    A small update. Since this article was written, PAA has announced that much of the oil has been recovered. Still, a massive cleanup is ongoing. No telling how much this fiasco will cost.
    May 26, 2015. 08:29 AM | 1 Like Like |Link to Comment
  • Plains All American Pipeline: The California Oil Spill Adds Considerable Downside Risk [View article]
    gawilley,

    Not a punch out blow, but good enough reason to stay on the sidelines. PAA will survive, but I think we're going to see another guidance cut soon.
    May 26, 2015. 08:28 AM | Likes Like |Link to Comment
  • Resource Capital Needs To Get Its Act Together [View article]
    MaryDeLaPoer,

    RSO and nearly every other high-yield REIT has gone down quite a bit. This is not new or unknown. The demand for these stocks is extremely low due to interest rate risk fears.
    May 26, 2015. 02:16 AM | 1 Like Like |Link to Comment
  • Resource Capital Needs To Get Its Act Together [View article]
    Pablomike,

    To be fair, they've posted positive economic returns, but the stock is now trading at a mREIT like discount to book value. They are not that exposed to higher rates as many think.
    May 22, 2015. 03:34 PM | 3 Likes Like |Link to Comment
  • Vanguard Natural Resources Continues Its Shopping Spree [View article]
    MaryDeLaPoer,

    If this is the case then why would EROC agree to be taken over for $3 per unit?

    I think VNR is getting EROC for a bargain considering its metrics. Once the G&A is down to VNR levels, we'll see some DCF accretion.
    May 22, 2015. 03:32 PM | 2 Likes Like |Link to Comment
  • Linn Energy: A House Of Pain [View article]
    Javelina,

    I hope you are right. LINE's struggles have bled over to the entire E&P MLP sector.
    May 22, 2015. 06:47 AM | 3 Likes Like |Link to Comment
  • Philip Morris Is Improving, But Risks Remain [View article]
    Bill,

    I agree things are improving for PM. The euro bonds rates exploding higher was incredible to see. A June rate hike here in the US was officially nixed according to various reports.
    May 22, 2015. 06:41 AM | 1 Like Like |Link to Comment
  • Linn Energy: A House Of Pain [View article]
    gotribe,

    Those deals are probably LINE's only way to grow since debt/equity deals are unlikely. So far, not a lot of assets of come on the market. Prices remain high despite low commodity prices.
    May 22, 2015. 05:33 AM | Likes Like |Link to Comment
  • Linn Energy: A House Of Pain [View article]
    Raw Energy,

    I think you hit the nail on the head. Even if fundamentals improve, investors now know LINE will be looking to sell equity to pay down debt. This may result in a depressed valuation going forward.
    May 21, 2015. 05:52 PM | 3 Likes Like |Link to Comment
  • Linn Energy: A House Of Pain [View article]
    adecinvestor,

    I did not suggest shorting or selling LINE/LNCO. I am just trying to figure out why a ~4% equity offering caused the stock to fall 12%.
    May 21, 2015. 05:49 PM | Likes Like |Link to Comment
  • Linn Energy: A House Of Pain [View article]
    KirbyJF1,

    The GS bearishness on oil has been ongoing for awhile. However, LINE should not have sold equity during such bearishness. It fed right into the short story.

    I am not associated with Hedgeye. I've actually defended LINE/KMP from their attacks.

    As for adding a few more shares, I hope LINE recovers. They are the giant in the E&P MLP sector and the sell off impacted all the other names.
    May 21, 2015. 05:48 PM | Likes Like |Link to Comment
  • The MLP Structure Is Not Dead, How Oneok Partners Could Merge With Oneok Inc. [View article]
    The math does not work for OKS buying OKE. OKS would need to offer a significant premium since OKE is growing at a much faster rate. Assuming 10% distribution growth post merger, after the large dilution, is just not feasible given the weak coverage ratio. There is also the issue of the OKS units held by OKE.
    May 21, 2015. 03:19 AM | 5 Likes Like |Link to Comment
COMMENTS STATS
2,311 Comments
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