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Charles Schwab Corporation Sells a 5.95% Non Cumulative Preferred | The Yield Hunter
Charles Schwab Corporation Sells a 5.95% Non Cumulative Preferred | The Yield Hunter
Mi sa che anche Peregrine![]()
Il Sole 24 ore:
Petrolio, le scorte sono in bolla: petroliere in coda ai porti, greggio stipato su navi e treni
di Sissi Bellomo|06:35
Le petroliere allungano ad arte i viaggi, ma devono comunque mettersi in coda per scaricare a Rotterdam. Negli Usa non sanno più dove mettere il greggio: ora riutilizzano anche i treni che un tempo trasportavano shale oil
Vanguard Natural -26% premarket after suspending distributionsSerie di downgrades per Vanguard... la pref affonda...
Vanguard Natural -26% premarket after suspending distributions
Mar 7 2016, 07:57 ET | About: Vanguard Natural Resources,... (VNR) | By: Carl Surran, SA News Editor Contact this editor with comments or a news tip
Vanguard Natural Resources (NASDAQNR) -26.1% premarket after announcing in its Q4 earnings report that it is suspending distributions on both its common and preferred units.VNR had surged ~24% on Friday as part of the sector-wide short squeeze but is surrendering those gains as Q4 revenues fell 29% Y/Y and distributable cash flow slumped 11% Y/Y to $65.5M and 43% to $0.50 on a per unit basis.VNR anticipates a 2016 capex budget of $63M, a 44% drop from $112.6M spent in 2015.Average Q4 production of 511,119 Mcfe/day was up 27% Y/Y and up 32% Q/Q; for FY 2016, VNR expects net production of 421.6K-467.2K Mcfe/day vs. 415.3K in 2015, and adjusted EBITDA of $360M vs. $396.8M in 2015.FBR Capital downgrades VNR to Market Perform from Outperform with a $2 price target, and says the distribution suspension is another setback for the upstream MLP sector, as VNR has been an outspoken champion for the structure.