Monday, 28 September 2015

Kristian sells EEP 24.93: I view the risk/reward profile as sound and because the company has positioned itself in a sweet spot - where lenders are constrained as a non-traditional capital source - CORR should become the consolidator of choice.

Here's a snapshot of CORR's dividend history. It appears to me that these pipelines of a similar ilk. When I was at United, we had to ultimately accept all of our airport facilities, except for some minor extraneous property, otherwise we would not be able to operate an airline. The $.60 per share is sustainable and CORR is using excess cash flow to reduce rent. CORR's AFFO per share is $.80, but the company is only paying out $.60 per share.


Ellan:
In other words, many investors don't really understand what CORR does and there are certainly no true peers to compare.

Tobi:
This 150-mile pipeline (with 4 above-ground facilities) is also a critical mission asset that serves a natural gas field.

Vesta:
The triple net operating lease generates an average minimum rent of $40 million per year.

Barbar:
While CORR views the GIGS asset as critical, Mr.

Belinda:
EXXI has a $3-$4 billion enterprise value and the $259 million acquisition price is around 40% of that.

Leana:
The tenant on the hook for the GIGS deal is Energy XXI (NASDAQ: EXXI ), a publicly-traded owner and operators of oil and natural gas properties in Louisiana and Texas, and on the Gulf of Mexico.

Grace:
The rationale is understandable since the businesses are similar; however, the differentiated investment thesis is clearly less understood by the market and that's why the price behaves more like its kissing MLP cousins.

Zelma:
Market seems to view the energy-like security as an MLP.

Georgette:
These assets include pipelines, storage tanks, transmission lines and gathering systems.

Elaine:
The company is simply a landlord that primarily owns midstream and downstream U.S. energy infrastructure assets subject to long-term triple net participating leases with energy companies.

Enbridge Energy L.P. (NYSE:EEP)
//stockhand.net/us/?q=nyse%3Aeep&id=356363

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