Seeking Alpha

Vanguard Natural Resources (VNR) -4.4% premarket after announcing a public offering of 6M common...

Vanguard Natural Resources (VNR) -4.4% premarket after announcing a public offering of 6M common units at $27.51 each, representing limited liability company interests. Net proceeds will be used to pay down outstanding debt under VNR’s senior secured revolving credit facility.
Comments (7)
  • das555
    , contributor
    Comments (173) | Send Message
     
    Nice opportunity to get in.
    12 Sep 2012, 09:27 AM Reply Like
  • smurf
    , contributor
    Comments (3783) | Send Message
     
    Still too close to 52 week high to consider. Plus, VNR makes their living by buying other operations which they finance with debt. Bulls say that's just fine because everything's hedged. I'm not so sure. Finally, negative cash flow the past three years.

     

    12 Sep 2012, 10:31 AM Reply Like
  • das555
    , contributor
    Comments (173) | Send Message
     
    What makes a market. Different views.
    12 Sep 2012, 11:48 AM Reply Like
  • Kindly Dr Dave
    , contributor
    Comments (25) | Send Message
     
    These guys have the BEST hedging record in the industry. Last purchase was cash-flow positive before the close (i.e. they had already sold the gas they bought). These guys are the smartest. Just don't tell anyone else.
    12 Sep 2012, 03:17 PM Reply Like
  • authentic
    , contributor
    Comments (297) | Send Message
     
    I have a small position which I acquired at higher levels.Utilizing debt is a two edged sword which can work both ways.
    12 Sep 2012, 03:30 PM Reply Like
  • Groundhog666
    , contributor
    Comments (7) | Send Message
     
    Negative cash flow always makes me nervous.
    12 Sep 2012, 06:11 PM Reply Like
  • das555
    , contributor
    Comments (173) | Send Message
     
    Only for the second quarter as VNR allocated 40% of its annual capital expenditures during that quarter and these expenditures made no contribution to the distributable cash flow during the quarter.
    Management estimates DCR coverage of 125% for 2012 and 135% for 2013.
    12 Sep 2012, 06:37 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|