Replies to post #9287 on The Rising Influence of Rising Affluence

[Superfly15]

OT - I took a starter position in Memorial Production Partners, L.P. (NASDAQ:MEMP) a couple Fridays ago at $14.25. Wanted to dip my toe in, but not go overboard in case the downside continued. Speculation play, but they have some of the best hedging I have seen in the MLP's. My yield is about 15.5%, but its selling for over 18% now. Assuming management is not lying, they can fund Cap-ex with cash flow for the forseeable future, and they can comfortably pay the distribution at $4.00 natty gas and $60 oil. I guess if I go down, at least i'll be going down swinging with one of the safer ones, and we have pretty serious problems lol.

87% hedge on natty gas thru 2017, 70% thru 2018 at $4.30-$4.50
90-95% hedge on crude thru 2018 (2015 $91, 2018 $84)



1.1B on their 1.4B credit facility untapped - they were smart and had been raising portions of cash via equity instead of all debt.

Management bought shares last month in the $16s : http://www.secform4.com/insider-trading/1521847.htm

12/09/14 presentation @ Wells Fargo link : http://files.shareholder.com/downloads/AMDA-HU2C0/3731707685x0x798290/88F2EA40-EC69-4C23-94D5-A7315502CCEF/MEMP%20-%20Wells%20Fargo%20Energy%20Symposium%20Presentation%20FINAL_12.9.14.pdf

[ilpapa]

There seem to be two Russias - Putin's dreamworld of past glories and the pragmatic bureaucrats.

[DocLevi]

I wonder if todays' jump in price last hour is because of The Interview and North Korea... lol

Yeah, I was listening to Bloomberg TV this morning and I was hearing what sounded like quotes from my posts here... "Russia will not fold" "They will do something"... O_O