The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
VNR's Big Payback
|
ETHAN BELLAMY, Robert W. Baird & Co.
(12/21/2010)
"We are initiating coverage of VNR with an Outperform rating and a $32 target, implying 26% total return. We believe VNR won't pay up to bring in ENP simply to clean up the remaining public stub, which could be keeping a lid on VNR units. Further, we see VNR paying out a portion of the accretion from the ENP acquisition in 1Q11 that could serve as a near-term catalyst. . .Distribution growth likely in the short run. With the ENP transaction likely to close at year-end, we expect VNR to immediately pass through a portion of the accretion (7%-11%) to VNR holders, which is likely to be a near-term catalyst for the units. We estimate a distribution per unit of $0.56 payable with respect to 4Q10 to be announced in Jan. 2011 (1% sequential growth). Secular growth story intact. The upstream MLP sector remains our favorite place to be in MLPs, with ~$250 billion M&A opportunity for the upstream MLPs." |
PRINT THIS PAGE
EMAIL THIS PAGE
Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >