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elliot_mllr

elliot_mllr
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  • Natural Gas Skids As Supplies Swell, More Downside Ahead [View article]
    Sleeperz:
    I don't believe that the strength of the dollar has a significant impact on the Henry Hub or other natural gas prices since, unlike oil, natural gas is not a globally used commodity. What is produced in the US is by and large utilized here. Certainly a small portion of gas is liquified for export and NGLs are being exported but the key currency price for NGL exports is that of the importing country and while the strength dollar vs the currency of the importing country is relevant, given how high natural gas prices are in importing countries the forex factor is not so significant, nor is the impact of NGL exports on US gas pricing.
    Elliot Miller
    Elliot Miller
    Apr 17, 2015. 01:13 PM | 1 Like Like |Link to Comment
  • Global Oil Supply And Demand: Early 2015 Review [View article]
    Serge:
    Yes, but bear in mind the steep decline rate for the shale plays, which may balance out the wells waiting to be fracked.
    Elliot Miller
    Apr 16, 2015. 05:21 PM | 2 Likes Like |Link to Comment
  • Natural Gas Falls Off The Edge Of The Cliff [View article]
    EnergyProfitProphet:
    If I knew I would be very rich. I can't even venture a meaningful guess, and of course the time frame is very relevant.
    Elliot
    Apr 15, 2015. 03:19 PM | 1 Like Like |Link to Comment
  • EIA Predicts Natural Gas Production Starts Declining In May [View article]
    Two points:
    1. Rig count is a rough metric. The rigs taken out of service are in the least productive portions of the least productive plays. Production has continued to increase in the face of a rig count decline.
    2. The decline rate of shale gas is very steep. Shale wells decline rapidly, often up to 20%-30% a year after initial production.This is a most meaningful metric. If these wells are not being replaced then production will decline and prices will increase.
    Elliot Miller
    Apr 15, 2015. 03:14 PM | 1 Like Like |Link to Comment
  • Blueknight Energy Partners - A Transformative Project On The Horizon [View article]
    Nat:
    Not too much. It is already 50% committed on long term take or pay contracts (which are the type of contracts for pipeline transportation) and the pipeline is still a year away from completion.
    Elliot Miller
    Apr 15, 2015. 02:59 PM | 2 Likes Like |Link to Comment
  • Natural Gas Falls Off The Edge Of The Cliff [View article]
    EnergyProfitProphet:
    You forgot to mention the steep decline rate for shale hydrocarbons when referring to the decreasing rig count.
    Elliot Miller
    Apr 14, 2015. 08:48 PM | 1 Like Like |Link to Comment
  • A High Dividend Stock Yielding 10%, With 7 Straight Dividend Hikes, Going Ex-Dividend Soon [View article]
    Cincinnati Rick:
    I own all three compression companies: USAC, CCLP and EXLP. The comparison with EXLP is as follows:
    EXLP has more horsepower outstanding than the others; EXLP is more prevalent at the well head than at the midstream; EXLP has a GP which has provided excellent dropdowns and has the potential for further dropdowns: and EXLP isn't as present in the Marcellus/Utica.
    Elliot Miller
    Apr 12, 2015. 02:29 PM | 4 Likes Like |Link to Comment
  • Capital Product Partners LP: A Dividend Investor's Dream (>10% Yield) At A Deep Value Price [View article]
    Mr. McCammon:
    I assume that the 25% not considered a return of capital is considered a qualified dividend.
    Elliot Miller
    Apr 8, 2015. 01:18 PM | 1 Like Like |Link to Comment
  • The Marcellus Is Close To Peak Production - Here's Why This Is So Important [View article]
    VB99:
    I don't think that we can discern any trends from a one day decline (or increase) in the price of gas (or any other commodity).
    Elliot Miller
    Apr 8, 2015. 12:04 PM | 2 Likes Like |Link to Comment
  • How Far Could Stocks Fall Monday? [View article]
    RSO55:
    There will absolutely be "other consequences" when the Fed raises the Fed Funds rate (the only rate it directly controls other than the rate it pays banks on excess reserves). The other consequence once the rate on the 10 year gets to a normalized 5% or so will be that the government won't be able to pay the interest on the outstanding balance of the national debt without significant debasement of the dollar by inflation, which will be the starting point of a vicious cycle.
    Elliot Miller
    Apr 5, 2015. 10:09 AM | 1 Like Like |Link to Comment
  • A High Dividend Stock Yielding 10% With 6 Straight Dividend Hikes And More On The Way [View article]
    Actually all three compression companies are different from each other. EXLP is the largest, has a GP that does manufacturing of compression units and does compression abroad, and is dropping down its US contract business to EXLP. EXLP has most of its units at the well head and is geographically dispersed but is not in the Bakken. USAC is growing its hp more rapidly but from a lower base, has more units in the midstream and in oil lift and has more large units than EXLP and is in the Bakken. CCLP is also growing rapidly as a result of the merger of Compressco and CSI, and it has about 15%b of its business abroad--but does not hedge its exposure to foreign currencies-- and is itself in manufacturing of compression units. I own all three companies to have the full panoply of operations.
    Elliot Miller
    Apr 5, 2015. 07:29 AM | 1 Like Like |Link to Comment
  • The MLP Story That Few Appreciate, And How To Make Money From Their Mistake [View article]
    Uncle Pie:
    You must have a zero basis in your units by now.
    Elliot Miller
    Apr 4, 2015. 06:45 PM | 2 Likes Like |Link to Comment
  • Blueknight Energy Partners Is Headed For Higher Grounds [View article]
    hivoltage:
    The yield on the common units (7.2%) is not far off that of the preferred and the distribution on the common units is 80% tax deferred.
    Elliot Miller
    Apr 3, 2015. 11:15 AM | 1 Like Like |Link to Comment
  • Blueknight Energy Partners Is Headed For Higher Grounds [View article]
    Warren:
    Not to quibble, but actually the distribution yield is about 7.2% based on the annualized distribution of $0.546 and today's price.
    Elliot Miller
    Apr 3, 2015. 11:13 AM | 1 Like Like |Link to Comment
  • 2015 New-Year Coverage Universe Updates [View article]
    DAG:
    Getting old is the goal.
    Elliot Miller
    Apr 1, 2015. 10:28 AM | 3 Likes Like |Link to Comment
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