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Joe Stocks

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Joe Stocks

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Thursday, 02/10/2022 9:51:24 AM

Thursday, February 10, 2022 9:51:24 AM

Post# of 77456
SMLP - I own a fair size speculative position in SMLP.
SMLP had distributable cash flow last quarter 6.37 per share ($45.7mil). Thinking it may be possible for SMLP to have DCF in 2022 equal to their market cap today of $191.5mil. Certainly possible in 2023 as they pay down more debt. It added 20 new wells last quarter, and 45 new ones projected this quarter. And Double E pipeline up and running!
I mean, what other MLP even comes close to selling at near one time DCF?

Joe Stocks

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