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User 353732

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  • Crestwood Midstream Partners Announces Quarterly Distribution and Conference Call Schedule [View article]
    Management has been very good at making grand strategic statements but much less impressive in execution
    Once credibility is lost ,it takes 3 to 4 consecutive quarters of accelerating volume, cash flow and distributions to regain it.
    CMLP has failed to impress so far and another quarter of underperformance versus the peer group will cause investors to become impatient with its executives.
    Apr 24 12:53 PM | Likes Like |Link to Comment
  • Eagle Rock -15% on distribution suspension [View news story]
    Cutting a price target after a major adverse event is neither research nor guidance. It is a farce.
    For new investors EROC may be quite attractive at the current price if one believes Management that the distribution will be reinstated once the asset sale closes.
    Apr 24 12:46 PM | 2 Likes Like |Link to Comment
  • Housing Recovery Steps Off A Cliff [View article]
    As the middle class continues to compress and lose real purchasing power, so too the housing market in 90% of zip codes languishes in a depression.
    Young adult underemployment and unemployment is at levels that causes family formation to be delayed by years and the labor force participation rate for all potential workers is at 35 year lows.

    As goes the middle class, so goes housing.
    Apr 24 08:27 AM | 4 Likes Like |Link to Comment
  • Alaska lawmakers vote to move ahead with natural gas export plan [View news story]
    Big Government will do its best to sabotage this project.
    WashDC is not interested in what is good for Alaska or our trading partners or middle class America but what advances the power and wealth of the ruling Bosses.

    Eventually this project will proceed as will Keystone but at much higher cost and years after it should have been built.
    XOM thinks in terms of decades and COP fortunately already has an LNG export facility in Alaska. BP will long be gone from this project and TRP will wait patiently.
    Apr 23 05:26 PM | 1 Like Like |Link to Comment
  • Oil companies fight plan to slow North Dakota energy production [View news story]
    This regulation will be passed but probably with delayed implementation to give midstream companies the time to build the needed natural gas logistical and processing infrastructure. Within 3 years flaring can be greatly reduced and within 6, it can be nearly eliminated with the proper midstream infrastructure.
    Apr 23 01:06 PM | 8 Likes Like |Link to Comment
  • Devon Energy Looks Like An Attractive Investment [View article]
    DVN will not enjoy the valuation multiples of Permian focused independents until it actually delivers 2 consecutive quarters of impressive volumetric and cash flow growth. Divestitures, spin offs and acquisitions are necessary but they are not a substitute for operating excellence and organic value generation.
    Apr 23 01:01 PM | 1 Like Like |Link to Comment
  • Don't Even Think About Selling ConocoPhillips [View article]
    COP is the best independent in the world. Nonetheless, its business model would benefit from even further simplification: spinning off the international operations into a separate company. The North American COP would probably be valued at a higher cash flow multiple than is the case at present.
    Apr 23 12:58 PM | 4 Likes Like |Link to Comment
  • Kashagan oil, gas pipelines will need to be replaced [View news story]
    While frustrating for XOM's shareholders, it is worth remembering that replacing pipelines is the least challenging and expensive part of the total project.
    Moreover, oil prices have risen even faster than project costs so the economics of the investment are still sound.
    Apr 23 12:53 PM | 1 Like Like |Link to Comment
  • Study: Sales taxes cause Amazon sales to fall 10% [View news story]
    These taxes are yet another assault on middle class consumers and small businesses. AMZN has been complicit with state governments on this issue.
    Apr 22 02:23 PM | 7 Likes Like |Link to Comment
  • Will Chevron Move Ahead In Poland? [View article]
    Poland's fiscal regime is not attractive; the field and support services infrastructure is poor; there is no private ownership of mineral rights and physical data are sparse because so few wells have been drilled.
    The resource base is significant but by itself that is not sufficient to stimulate a commercial industry.
    CVX and COP are in a research and evaluation phase at present(and they can certainly afford both the expense and the time); notable commercial production is perhaps 5 years away.
    Apr 22 02:20 PM | 1 Like Like |Link to Comment
  • Weekly Intelligence For MLP Investors [View article]
    CMLP continues to seriously underperform for no obvious reason.
    Based on its business position it should be doing much better in terms of investor favor.
    Apr 21 08:47 AM | 1 Like Like |Link to Comment
  • Kinder Morgan Energy Partners Easily Beats Expectations [View article]
    Looks as though the attempt over the past 6 months to discredit management and condemn the business model is failing. While KMP has far from regained its former attraction for retail investors, it is once again proving its value as a core holding for those who invest in infrastructure MLPs
    Apr 21 08:45 AM | 3 Likes Like |Link to Comment
  • ConocoPhillips to resume Kenai LNG export shipments [View news story]
    Its a very small quantity but indicative of COP's business model and another positive for the Alaskan economy.
    North America can easily support a dozen world class LNG exporting facilities: Big Government as usual is the problem and the industry is the solution
    Apr 16 08:43 AM | 2 Likes Like |Link to Comment
  • Magellan Midstream hits new high on rising DCF expectations [View news story]
    MMP is a good example of why retail investors with a 2 to 3 horizon should focus on total return rather than pursue high yield.
    Several high yield MLPs have suffered material losses in the value of their security resulting in high yields but negative total return( eg EPB, CMLP, KMP) over the past 6 months.
    Apr 15 12:27 PM | 1 Like Like |Link to Comment
  • Kinder Morgan Energy Partners: Do Not, Ever, Underestimate The Distribution Yield [View article]
    One should remember that distributions are not dividends; they are return of capital and reduce the basis creating a taxable gain when the security is sold even at stagnant prices. MLPs cannot be directly compared with income stocks such as utilities.
    However, for people who have relevant tax losses elsewhere or have little taxable income infrastructure MPs are very attractive, especially those yielding over 6%.
    Apr 15 08:10 AM | 3 Likes Like |Link to Comment