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bucs_2205

bucs_2205
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  • Hedging Windfall Potential For Vanguard Natural Resources [View article]
    I'd be interested in hearing why you expect the distribution to be cut 50%. They have the following hedges in place:

    Q4 2014:

    Gas % Proved Developed Producing Production Hedged: 78% @ Weighted average of $4.40/MMBtu

    Oil % Proved Developed Producing Production Hedged: 95% @ Weighted average of $93.40/Bbl

    NGLs % Proved Developed Producing Production Hedged: 8% @ Weighted average of $40.87/Bbl

    For year 2015:

    Gas % Proved Developed Producing Production Hedged: 91% @ Weighted average of $4.32/MMBtu

    Oil % Proved Developed Producing Production Hedged: 78% @ Weighted average of $91.95/Bbl

    NGLs % Proved Developed Producing Production Hedged: 7% @ Weighted average of $46.34/Bbl

    I won't even discuss the fact that based on other E&P MLPs their costs are significantly lower. I feel pretty good about the distribution and actually added to my position yesterday.

    With management saying in the WF presentation that the distribution is their number one focus right now I feel good about the safety of the distribution.
    Dec 10, 2014. 01:40 PM | Likes Like |Link to Comment
  • Hedging Windfall Potential For Vanguard Natural Resources [View article]
    Interesting idea. Great article and I'll definitely be watching as well to see what VNR decides to do.
    Dec 2, 2014. 05:24 PM | 4 Likes Like |Link to Comment
  • Kinder Morgan: The Calm Before The Storm? [View article]
    Thank you, allday. It's good to know that there are still logical people out there. I'm so tired of the complaining from all these people.
    Nov 23, 2014. 10:50 AM | 4 Likes Like |Link to Comment
  • Kinder Morgan: The Calm Before The Storm? [View article]
    UP - I can't wait for this to be done so you don't have anything else to complain about. Although you strike me as the type of guy who yells at the sky for being blue or for neighborhood kids stepping on your lawn so I'm sure you'll find something else to be angry about.
    Nov 23, 2014. 10:47 AM | 10 Likes Like |Link to Comment
  • Kinder Morgan investors approve merger [View news story]
    My broker sent me info on all 3 options a couple weeks ago, including the all stock option.
    Nov 20, 2014. 03:35 PM | 1 Like Like |Link to Comment
  • Kinder Morgan investors approve merger [View news story]
    There's going to be a lot of people who need to find something else to complain about now.
    Nov 20, 2014. 02:41 PM | 11 Likes Like |Link to Comment
  • Realty Income: A True Island Of Stability [View article]
    Yeah I'm not saying they aren't adhering to the criteria. I'm just saying unless I'm missing something (completely possible) - that we should reasonably expect an increase in the next 8 weeks.
    Oct 31, 2014. 08:57 PM | Likes Like |Link to Comment
  • Realty Income: A True Island Of Stability [View article]
    Maybe I'm missing something but I would think we should expect an increase in December...

    "To qualify as a REIT, a company must have the bulk of its assets and income connected to real estate investment and must distribute at least 90 percent of its taxable income to shareholders annually in the form of dividends."

    http://1.usa.gov/Z6vCAs
    Oct 31, 2014. 07:16 PM | Likes Like |Link to Comment
  • Realty Income: A True Island Of Stability [View article]
    Won't they have to increase it further this year? It's my understanding that in order to maintain their REIT status they have to payout at least 90%. Am I mistaken?
    Oct 31, 2014. 02:29 PM | Likes Like |Link to Comment
  • Target: A Doubtful Investment [View article]
    All good points, Kevinconway. Definitely agree. That being said, I really do like SA and think there is a ton of extremely intelligent people who post articles on here. It's just a matter of discerning what is true and what is garbage.
    Oct 31, 2014. 09:44 AM | Likes Like |Link to Comment
  • The Recent Acquisitions Are Highly Beneficial For Vanguard Natural Resources [View article]
    I personally don't have a crystal ball and my clairvoyant skills may not be as reliable as yours. If you know exactly what's going to happen in more than a year from now, God bless you - I, for one, just stick to the fundamentals and the requirements for my investment strategy.
    Oct 29, 2014. 04:44 PM | Likes Like |Link to Comment
  • The Recent Acquisitions Are Highly Beneficial For Vanguard Natural Resources [View article]
    ckarabin -

    They recently came out with a really good table at the same time they announced the small buyback. The table summarizes what happens to their coverage ratio based on oil and nat gas prices.

    You can check the table out in this SA article: http://seekingalpha.co...

    Looking at the table we can see that there is still room for them to cover their distributions. I'm not worried about their ability to cover and added a ton more when the price was down just above $20/unit.
    Oct 29, 2014. 03:13 PM | Likes Like |Link to Comment
  • My Dividend Growth Investing Epiphany [View article]
    Congrats on the article and welcome! Looking forward to following you and reading more about everything.

    I definitely love the analogy of treating declines as if it's a house and not panicking. Too many people let emotions get in the way of good decisions - oh well, I suppose that creates more opportunity for us!
    Oct 22, 2014. 07:32 PM | 3 Likes Like |Link to Comment
  • Kinder Morgan Energy Partners: Yet Another Distribution Increase Underpins Long-Term Value Proposition [View article]
    I've looked at the calculator. I wasn't trashing any one company or firm or their calculators. It's just difficult to automate K-1 gains/loss calculations. Partnership tax is probably the most complex area of tax due to each partnership agreement being different and the ability to allocate various things to partners in a myriad of different ways.

    All I was saying is exactly what you echoed, which is that it's nice to have easily automated calculators for things, but we have to take them with a grain of salt when they are used for incredibly complex issues such as individual tax (especially when partnership income is included). I agree with you, that it's probably sufficient for a really, really rough estimate, I just wouldn't take it as absolute gospel truth.
    Oct 22, 2014. 02:31 PM | Likes Like |Link to Comment
  • Kinder Morgan Energy Partners: Yet Another Distribution Increase Underpins Long-Term Value Proposition [View article]
    Chancer -

    I understand the frustration. That's a complaint that I've heard from a lot of people. While my background is mostly in partnership tax I have worked on individual and estate returns. The important thing was that we had someone with an expertise in individual tax reviewing them before sending them out. I'd personally never pretend to be an expert in an area I didn't feel comfortable - although I'm not naïve, you're exactly right that too many people profess to be experts in areas they aren't.

    I wish I had a good answer to your issues, unfortunately, it's an issue I think we all deal with when trying to find good, trustworthy experts whether it's for legal, tax or even medical issues.
    Oct 22, 2014. 02:26 PM | Likes Like |Link to Comment
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