Kinder Morgan says it could eventually simplify its complex gaggle of companies, even though "we like having the two MLPs out there to accelerate dropdowns," CFO Kimberly Dang says. The dropdowns will wrap up next year, and a combination would have to "make economic sense. If the economics don’t work... we have no issue running two MLPs. [It] is not a huge administrative burden.” [View news story]
KMI basically runs KMP and EPB by controlling the general partners in each, and a large number of units. After KMI has sold all of El Paso's assets to KMP and EPB, they will look to see if it makes economic sense to combine KMP and EPB, likely by having KMP issue new units to EPB unitholders.
Breaking Down The Alerian Index Round II: Kinder Morgan Energy Partners [View article]
The whole statement I made says "The issue of having both trade publicly is that you have duplicates of all the administrative staffs, annual filing and reporting requirements, etc. Kinder Morgan said they may look at combining KMP and EPB later on, which makes sense, since having KMI drop down assets to two different MLPs seems needlessly complicated."
You dont really need to quote my comments and repost them, since everyone can read them, especially if you are only going to try to quote parts that make me sound incorrect. Maybe I should quote where you say that they will keep EPB public in order to raise money?
Halcon Resources (HK -9.4%) falls sharply midday as investors don't seem impressed with an operational update the company provided regarding its acreage in the Utica/Point Pleasant play. Updates were given on the Philips 1H, the Allam 1H, the Brugler 1H, the Yoder 2H, and the Kibler 1H wells. The company says the delineation process will be substantially complete by Q4. (PR) [View news story]
Look at some of the presentations on the Investor Relations Websites from Gulfport and PDC Energy. Their acreage has had much higher production, and therefore, is more valuable. Results from those two, and Antero, have shown there is a very productive part of the Utica, and that land appears, so far, to hold the most value.
The NYSE rules to let stand all trades in American Electric Power (AEP -1%) and NextEra Energy (NEE -1.2%) but prices for certain "aberrant" trades will be excluded from the high and low prices in data feeds. There were hundreds of trades early this morning in AEP at or below $46.03 and in NEE at or below $76.19, more than 50% below yesterday's closing prices. [View news story]
I might leave standing orders for some MLPs at 20% below the market just in case. I've heard of some people on here getting luck with the so called "stink bids."
Trading is temporarily halted in NextEra Energy (NEE) and American Electric Power (AEP) after early trades printed as low as $30.37 and $22.28, respectively. Yesterday's respective closing prices were $79.16 and $48.59. [View news story]
The NYSE rules to let stand all trades in American Electric Power (AEP -1%) and NextEra Energy (NEE -1.2%) but prices for certain "aberrant" trades will be excluded from the high and low prices in data feeds. There were hundreds of trades early this morning in AEP at or below $46.03 and in NEE at or below $76.19, more than 50% below yesterday's closing prices. [View news story]
How do they let these stand? Thats nuts
Also the prices given in this current are not correct fyi.
Halcon Resources (HK -9.4%) falls sharply midday as investors don't seem impressed with an operational update the company provided regarding its acreage in the Utica/Point Pleasant play. Updates were given on the Philips 1H, the Allam 1H, the Brugler 1H, the Yoder 2H, and the Kibler 1H wells. The company says the delineation process will be substantially complete by Q4. (PR) [View news story]
That acreage is much further north and east than the great Utica results from GPOR and PDCE
Silver Bay Realty Trust: A Disaster Waiting To Happen [View article]
The $64 million is from the article on the potential stabilized rent. Not sure if this has a vacancy rate in it, I assumed it considered a 100% occupancy rate, but I could very well be wrong - all I did was some back of the envelope math to get a feel for value. I'm in the northeast, so on residential properties with no real estate tax pass through, a 27% expense rate would be very good. Its all about the location though.
Silver Bay Realty Trust: A Disaster Waiting To Happen [View article]
Expenses will eat up about half the revenue, also model in a 10% vacancy and collection loss. So the $64 mil in potential rents nets you $57.6 after vacancy and collection losses (64 * .9). Take the $57.6, cut it in half due to taxes, maintenance, management, insurance, legal fees, etc (50% expenses is an estimate, based on large apartment complexes. I suspect this number could be higher) and you have NOI of $28.8 mil. At a market cap of $716 mil the portfolio trades at a 4.0% cap rate, which is low, and not justified given the high vacancy rate. This stock likely needs to drop to single digits to be compelling based on the value of the underlying real estate, imo.
Credit Suisse stresses a more defensive posture in MLPs, focusing attention on large, relatively liquid, investment-grade MLPs or affiliates with exposure to the coming crude oil production boom in North America. Its eight favorite MLPs to buy now: WMB, QRE, LNG, TRGP, CQP, XTEX, ACMP, GEL. [View news story]
Williams is large, and owns a stake in Access. Might be worth looking at. I dont like QRE at all tho, not sure why they recommended it.
If you harbor doubts about the sharp rise of energy MLPs, you don’t have many short sellers on your side. Fewer than 1% of the shares of MLP constituents of the Alerian index (AMJ) are out on loan. Low short interest may have less to do with a lack of negative opinion than with the nature of who owns MLPs, but it’s a notable feature since it should mean a classic short squeeze isn’t possible. [View news story]
Also, OKE just said they'll growth payments 50% in the next few years, on growing payments from OKS...those GP distribution rights really add up.
On the repayment of its government loan, Tesla (TSLA) takes the opportunity in its press release to lob a few jibes at its competitors stating: "Following this payment, Tesla will be the only American car company to have fully repaid the government." Both General Motors (GM) and Chrysler still have outstanding balances remaining with the U.S. Treasury. [View news story]
A theme bubbling up at the start of the annual MLP conference (where attendance is up 38% Y/Y): the largely retail ownership of MLPs is slowly shifting as more institutions get interested in MLPs. Individuals tend to be unwilling to sell MLPs as the deferred tax burden rises, and more institutional ownership could fuel more trading or short-short selling in MLPs. [View news story]
Again, stocks with high yields are expensive shorts. There's not a whole lot of volatility in the names either, so they aren't exactly a traders dream.
Kinder Morgan says it could eventually simplify its complex gaggle of companies, even though "we like having the two MLPs out there to accelerate dropdowns," CFO Kimberly Dang says. The dropdowns will wrap up next year, and a combination would have to "make economic sense. If the economics don’t work... we have no issue running two MLPs. [It] is not a huge administrative burden.” [View news story]
Breaking Down The Alerian Index Round II: Kinder Morgan Energy Partners [View article]
You dont really need to quote my comments and repost them, since everyone can read them, especially if you are only going to try to quote parts that make me sound incorrect. Maybe I should quote where you say that they will keep EPB public in order to raise money?
Breaking Down The Alerian Index Round II: Kinder Morgan Energy Partners [View article]
http://on.barrons.com/...
Breaking Down The Alerian Index Round II: Kinder Morgan Energy Partners [View article]
Halcon Resources (HK -9.4%) falls sharply midday as investors don't seem impressed with an operational update the company provided regarding its acreage in the Utica/Point Pleasant play. Updates were given on the Philips 1H, the Allam 1H, the Brugler 1H, the Yoder 2H, and the Kibler 1H wells. The company says the delineation process will be substantially complete by Q4. (PR) [View news story]
The NYSE rules to let stand all trades in American Electric Power (AEP -1%) and NextEra Energy (NEE -1.2%) but prices for certain "aberrant" trades will be excluded from the high and low prices in data feeds. There were hundreds of trades early this morning in AEP at or below $46.03 and in NEE at or below $76.19, more than 50% below yesterday's closing prices. [View news story]
Trading is temporarily halted in NextEra Energy (NEE) and American Electric Power (AEP) after early trades printed as low as $30.37 and $22.28, respectively. Yesterday's respective closing prices were $79.16 and $48.59. [View news story]
The NYSE rules to let stand all trades in American Electric Power (AEP -1%) and NextEra Energy (NEE -1.2%) but prices for certain "aberrant" trades will be excluded from the high and low prices in data feeds. There were hundreds of trades early this morning in AEP at or below $46.03 and in NEE at or below $76.19, more than 50% below yesterday's closing prices. [View news story]
Also the prices given in this current are not correct fyi.
Halcon Resources (HK -9.4%) falls sharply midday as investors don't seem impressed with an operational update the company provided regarding its acreage in the Utica/Point Pleasant play. Updates were given on the Philips 1H, the Allam 1H, the Brugler 1H, the Yoder 2H, and the Kibler 1H wells. The company says the delineation process will be substantially complete by Q4. (PR) [View news story]
Silver Bay Realty Trust: A Disaster Waiting To Happen [View article]
Silver Bay Realty Trust: A Disaster Waiting To Happen [View article]
Credit Suisse stresses a more defensive posture in MLPs, focusing attention on large, relatively liquid, investment-grade MLPs or affiliates with exposure to the coming crude oil production boom in North America. Its eight favorite MLPs to buy now: WMB, QRE, LNG, TRGP, CQP, XTEX, ACMP, GEL. [View news story]
If you harbor doubts about the sharp rise of energy MLPs, you don’t have many short sellers on your side. Fewer than 1% of the shares of MLP constituents of the Alerian index (AMJ) are out on loan. Low short interest may have less to do with a lack of negative opinion than with the nature of who owns MLPs, but it’s a notable feature since it should mean a classic short squeeze isn’t possible. [View news story]
On the repayment of its government loan, Tesla (TSLA) takes the opportunity in its press release to lob a few jibes at its competitors stating: "Following this payment, Tesla will be the only American car company to have fully repaid the government." Both General Motors (GM) and Chrysler still have outstanding balances remaining with the U.S. Treasury. [View news story]
A theme bubbling up at the start of the annual MLP conference (where attendance is up 38% Y/Y): the largely retail ownership of MLPs is slowly shifting as more institutions get interested in MLPs. Individuals tend to be unwilling to sell MLPs as the deferred tax burden rises, and more institutional ownership could fuel more trading or short-short selling in MLPs. [View news story]