American Midstream Partners LP (AMID)

[wshaw14]

MLPs At A Crossroadhttps://seekingalpha.com/article/4240630-mlps-crossroad

[wshaw14]

We should be getting the Q very shortly. My bet is that it is a lot better than the last one.

[wshaw14]

This position is easily manipulated because of low volume. We know there has been an offer to buy and then a new decreased offer to buy. I think somebody is doing their best to try and get a huge bargain. I added a few more today and will just hold how ever long it takes to get back to $11.00.

[RyGuy]

I was considering buying some, then suddenly it went ballistic in the last hour.

Not sure why.

But I didn’t get any... ??

[wshaw14]

This one is just a hang on and wait. If they do not sell shareholders out we will be fine in a few months and divis will resume.

[wshaw14]

https://globenewswire.com/news-release/2019/01/14/1690956/0/en/Unitholder-Encourages-the-Independent-Directors-of-American-Midstream-Partners-LP-to-Review-All-Past-Related-Party-Transactions-with-ArcLight.html

[ClayTrader]

* * $AMID Video Chart 01-04-2019 * *

Link to Video - click here to watch the technical chart video

[wshaw14]

Amendment to credit agreement. No dividends until ratio is below 5/1. That should be very soon with the sales proceeds applied to debt.

[stocky101]

What’s causing the drop

[wshaw14]

Sunoco to acquire refined products terminals from American Midstream Partners
https://www.bicmagazine.com/expansions/midstream-subsection/sunoco-to-acquire-refined-products-terminals-from-american-m/

[wshaw14]

Arclight is probably doing what I suspected they would. Bringing the price down to coax the sale. If the sale goes through at the $6.10 it is pretty much a guaranteed law suit. I don't think the management of AMID will sell out shareholders, but I have seen stranger things happen and been involved in a few legal battles.

[wshaw14]

Good luck on your future endeavors. I will hold on here and continue to buy any big dips. At a $5.80 average, I dont believe I can lose. I do believe that our pursuers will do what they can to keep the price down until their offer is rejected though.

[PINKYXXX]

I tried calling and emailing IR for a week now with no reply, i agree with you’re statement especially with the middle east political landscape but theres other tickers in the industry that seem to be more transparent and more shareholder friendly. Sold my shares best of luck you seem like a good person and i hope u make bank here

[wshaw14]

I seriously doubt it would be at te offered price if at all. This one could go back to 10-14.00 fairly quickly.

[PINKYXXX]

Whats the word??? We getting bout out or what?

[wshaw14]

One thing about being in an already beaten down position is not as much damage on bad market days. American midstream will come back if we dont get sold out.

[PINKYXXX]

What the hell happend lol

[wshaw14]

I dont think he was saying " i am outta here". I think he was saying is the sale does happen he would move on. I dont think the sale will happen without a substantial increase in the bid though. JMHO

[PINKYXXX]

Wow what a change of events..went from u made a great purchase to i am outta here lol...

[stargazer123]

Stock has been climbing all day and is now at $6.30 +0.09. I am waiting to see if another company makes a higher bid. No hurry. The most it could fall to is $6.10.

[stargazer123]

Stock has been climbing all day and is now at $6.30 +0.09. I am waiting to see if another company makes a higher bid. No hurry. The most it could fall to is $6.10.

[wshaw14]

Exactly what I was thinking.

[stargazer123]

This is what a commentator is saying.

ArcLight is a general partner of American Midstream (AMID), and owns a fair amount of AMID shares. Analysts have calculated that AMID, over the medium, to long term, is worth $10 - $12, and then up. ArcLight did not want to wait that long, and worked to depress the unit price as much as possible before making its offer to buy the partnership at the ridiculous price of $6.10. It can then take AMID private and move to sell its parts etc., and make up to a quick double on its investment, even though this will mean that it will cause the present holders of AMID stock to suffer a 50% loss.

Ethical behavior would have dictated a public auction and sale of the limited partnership assets (or some sort of recapitalization followed by a return to growth) that would have allowed current stock holders to realize getting a price closer to AMID's intrinsic value.

Clearly ArcLight went for the maximum profit plan and set the ethics part aside. This is something that potential long-term holders should keep in mind for any future ArcLight-led ventures that are potential investments.

The commentator does not think that other companies will step up with a higher bid. He does say that Arclight might increase its bid by 10% to 15%, which would bring its offer to the range of $6.70 to $7.00 dollars.

If another bidder does come forward, it would be at a higher price, so you might want to hold on and see what happens. The price probably won't fall that much while you wait to see if a higher bid shows up. Friday the stock closed close to the $6.70 price. I don't think that another bidder will come forward. I will see what happens Monday. Try to give it at least a few hours, but if it starts edging down, I will sell my shares. My average price, even with having bought more shares when it got clobbered, is $11, so I would take a big hit, but I will move on. There are a lot of good values out there, and I believe that I will eventually make up my loss, and then some.

[Sone]

So you think it will continue to rise?

[stargazer123]

When it started taking off, I looked and also saw that $6.10 offer. The price had already gone past that and continued climbing. I also figured that they would have to raise their bid by at least a couple of dollars, and so I held on to my shares.

Will see what next week brings.

[wshaw14]

I was wondering why AMID was dropping and now I understand. The potential purchaser was driving the price down before making the offer. (JMHO) Crooked crap, but does go on all the time.

[wshaw14]

Houston midstream co. gets buyout offer from ArcLight after recent deals canceled https://www.bizjournals.com/houston/news/2018/09/28/houston-midstream-co-gets-buyout-offer-from.html
What a joke of an offer. $6.10. I believe they will have to up the offer a few dollars a share to get any serious consideration.

[wshaw14]

I am still buying a few along. It will take a Q or two, but this will be a winner.

[stargazer123]

You will be well rewarded, in fact supremely rewarded. There are very few times when anybody finds such a stunning win win situation. I've also bought more. Hope other people are also.

[wshaw14]

Could not pass these prices up. I increased my position again by 33%.

[PINKYXXX]

Agree

[wshaw14]

Increased my position by 26% today.

[wshaw14]

Thanks for the heads up.

[wshaw14]

08/23/2018 Enterprise, American Midstream Team Up To Improve Gulf Coast Assets
https://www.midstreambusiness.com/enterprise-american-midstream-team-improve-gulf-coast-assets-1713866

[Sone]

News out

[wshaw14]

This article pretty much sums it up.
A Well-Covered 7.1% Yield From A Deeply Hated Growth Stock https://seekingalpha.com/article/4199260-well-covered-7_1-percent-yield-deeply-hated-growth-stock

[stargazer123]

There are very few times in a persons investing career that they come upon such a powerful story as AMID. AMID was crushed, fell under a steam roller, and sent to the dumps. All just because they obliterated their monster dividend.

People were in the stock because of its high paying dividend, and they immediately sold it when the company cut their dividend. Which makes sence if they are retired and need the money that they derive from stock dividends, and didn't want to take a chance that the stock might not rebound. But it is rebounding, in fact strongly rebounding, in fact up strongly already today, and yesterday, and the day before that, and ...

The stock was made stronger by deleting its dividend. The are paying down their debts with the money saved, PLUS they are a strong company, perfectly positioned to profit from oil companies that are DESPERATE FOR THEIR SERVICES. THE STOCK IS PERFECTLY POSITIONED TO DOUBLE IN PRICE, OR EVEN TRIPLE OR MORE, PLUS IT WILL PROBABLY INCREASE ITS DIVIDEND IN THE FUTURE. And, even with its present decreased dividend, it is one of the highest paying dividend companies.

A WIN WIN SITUATION. How many times do you encounter that?

[stargazer123]

Same here. By the way there is a seeking alpha article written Saturday, that says that the person who has taken control of AMID is known for his ability to turn companies into growth company's and that the stock price should triple within 5 years (or sooner).

https://seekingalpha.com/article/4200305-american-midstream-attitude-adjustment

It may take people awhile to realize that the company is getting rid of under performing sections of the company, and, after using part of the money that they get, to pay down some of the debt, using the rest to acquire assets that will mesh with the company and accelerate its upward growth.

So there could still be time to buy more shares at these prices.

[wshaw14]

I would like to find these huge drops in share price due to Divi cuts every day. I wish I would have had more liquid cash when this one crashed, but did get a decent chunk.

[wshaw14]

The dividend cut makes AMID a much stronger company with still a respectable dividend. Especially if one bought in the $5.70s (%7+ divi) and a much better capital gain opportunity.

[stargazer123]

Up $0.475 already today. Up $1.125 in 4 days of trading. Strong company with great earnings growth. Dividend was decreased, but still a strong 6% dividend. This will draw back in people looking for a good dividend, plus a stock that also has good, in this case, great, stock price appreciation. And of course, it will also draw in people that are looking for a stock with great growth prospects.

The best of both worlds. No reason why the stock can't get back to the $11 price it had before the dividend cut, especially since the dividend was cut so that the company could use the released cash to acquire companies whose synergy would greatly improve AMID's profit profile.

We could easily go to $15 or higher. A +100% stock price increase.

Whoa, and now while I'm writing this its already up .55

[PINKYXXX]

Making a comeback

[ClayTrader]

* * $AMID Video Chart 08-15-18 * *

Link to Video - click here to watch the technical chart video

[PINKYXXX]

Nice Move

[PINKYXXX]

Likewise

[PINKYXXX]

At least the kept some of it more shares in the Portfolio especially @ this price!

[stargazer123]

American Midstream seeking alpha article Aug. 11, 2018

https://seekingalpha.com/article/4197972-american-midstream-despite-negative-recent-headlines-results-decent

Talks about what has taken place with the company, its strong revenue growth, and that it "looks quite well positioned to take advantage of future growth in the North American energy."

Even so, as the writer notes, people are upset at the dividend cut, and that the SXE joint venture fell through.

The stock price has been falling the last few days. The next dividend payout will be Tuesday 8/14/18 and I will be buying more shares then.

[wshaw14]

Nice little move today. What do you know? The sky was not falling.

[wshaw14]

American Midstream Reports Second Quarter 2018 Results
https://ih.advfn.com/p.php?pid=nmona&article=78040938

[stargazer123]

AMID will pay $0.1031 on August 14 to unitholders of record as of the close of business on August 6, 2018.

The dividend itself won't be paid until August 14. The price that day will drop $0.1031, and as you say, the price usually falls further than the dividend. And it may even be falling between now and Aug 14. Possibly even after that.

I will be buying more on the 14th, or 15th, depending on how it is reacting. As you say, whatever the price, it will be a good buy in price, because the long term stock price will end up much higher.


If AMID starts rising from here, a drop of $0.1034 won't mean much, so if AMID's price starts rising before the August 14 dividend date, I may buy then, rather than wait for the dividend date.