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Re: What are IDR's worth?SSGT:
First of all there are ABOUT 200M units (including the 8M that EMG has that they still arent getting distributions -4M in July 2016 and 4M in July 2017) Each one of those 200M units will receive 1.09 MPLX unit----200M X 1.09= 218M units.
The $625M for the $3.37 is part of the transaction. MPLX(subsidiary of MPC) will be paying the 9% premium to MWE unitholders for their MWE units.
>>>Are the IDR's worth less today than 8 years ago? They should be worth several multiples of the 2007 value<<<<
Is the price of Oil and Gas today several multiples of the 2007 price????? No they are not. There is no reason to expect MPC to pay you several multiples of the 2007 price.
In today's market I believe that time will tell that Mr Semple's assessment of the MWE value will prove to be in the ball park and MPC will create a lot of value for MWE unitholders going forward.
If you believe that MPC is stealing MWE and taking all the money, then I would suggest you put all your money in MPC so all the MILLIONS OF IDR's will flow to you
good luck
b&w |
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