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Re: bzusa post# 1597

Friday, 09/18/2015 3:58:00 PM

Friday, September 18, 2015 3:58:00 PM

Post# of 1887
Unplanned yes but how big of a problem? They called it maintenance and if it were a costly repair they would have given more specific details, imo. We can only speculate. However there was some information in the last CC that will likely be of larger import :


The $25 million working capital reserve adjustment represents our estimate of this lagging crude cost effect on 1.7 million barrels of crude oil.
Since we've increased our investment in the levels of inventory we maintain to support our expanded throughput capacity, we have greater exposure to commodity price volatility, and that will impact our cash earnings.
We currently expect that we will continue to make adjustments to our working capital reserve both up and down. For example, a decrease in crude oil prices such as what we are seeing in the third quarter to date, would typically result in an increase in the working capital reserve, which would reduce cash available for distribution in the upcoming quarter.


Anyone care to guess how much?
and

We expect to spend approximately $12 million on maintenance and regulatory CapEx in the third quarter.
We also expect to reserve between $5 million and $10 million for turnaround and an additional $5 million to $10 million during the third quarter for spending on our organic projects


So It appears to me that some fairly big numbers there limit the possibility of other big repair expenses dragging the distribution down too much. JMO
I threw the dart and it landed on .98 payout for this Q. $1 plus will be impressive.
High and low earnings from Analysts are 1.512 and .80. Average is 1.15
What do they know, lol. GLTA!

"A nickel isn't worth a dime today." Yogi Berra