Summit Midstream Parnters (SMLP)

[Fjctboot]

THIS STOCK IS GOING MUCH HIGHER!!!

Lets do some math. 245 million ebitda, interest expense after the new
notes become effective conservatively 85 million capex 30 million that leaves 130 Million Dollars annually I'll use 7.2 million shares outstanding that works out to $18.06 of cash flow per share ARE YOU READY? STOCK PRICE TODAY $35.10 closing = 1.94 Times Cash Flow Per Share

Yes I know it is an MLP but the cash flow is steady because the wells keep producing and they keep gathering the natural gas!! at the current price of gas there will be drilling and new well hookups on the gas gathering systems so cash flow could improve slightly and don't forget to add the fact that they have a new pipeline coming online in 2022 in the permian basin.

Just my opinion but I figure SMLP is worth 6 times cash flow per share or $108.36 that works out to 308% upside at a normal valuation

What would happen if they took $6.00 of the cash flow per share and used it for a distribution at some point down the road. at a yield of 10% you've got a $60.00 stock and a company repaying about 86 million of debt annually so no matter how you slice it SMLP LOOKS way undervalued

Disclosure I an LONG SMLP and adding to my position. FJCTBOOT