Subscribe to:
Post Comments (Atom)
adbrite ads
mystic monk coffee
investment strategy tips
joseph cioffi's Source Page - Associated Content
http://www.associatedcontent.comuser/505733/joseph_cioffi.html
joseph cioffi's Source Page - Associated Contenthttp://www.associatedcontent.comuser/505733/joseph_cioffi.html
About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
FEEDS AND OTHER BLOGS
seal of approval
OTHER INFORMATION
OTHER INFORMATION
2 comments:
Everyone is too short sighted. BWP has an 8.08% yield on 2008 and about 10.00% on the 2009 distribution. I'll hold it and take my chances.
If BWP is paying more for labor and steel, does anyone here think that this is a unique problem for BWP? MLP's will need to pass through the inflationary impact of raw materials or distribution increases will slow significantly in my opinion.
There are billions in organic projects going on and steel prices are flying.
from another board:
After Tuesday's market close, Boardwalk Pipeline
Partners published its 10-K filing, which contained an
admission that cost overruns on its major projects are
material. The company now estimates a total cost of $4.5
billion, up from its initial estimate of $3.7 billion. The
language used in the 10-K highlights the risk of not
completing the project on time or under the revised
budget. The $800 million increase in estimated project
costs alone will require Boardwalk to access the capital
markets and result in substantial equity dilution.
Additional delays or cost overruns will only add to
Boardwalks capital requirements and subtract from the
value of the firm. Were placing the company under review
while we determine the magnitude of the reduction in our
fair value estimate.
Post a Comment