Keygeo as youve pointed out distributions will change during 2014 due to the change in Qenos gas offtake agreement with EPX.
The distributions will be affected by the volume of gas Qenos uses at its manufacturing plant from 2014 onwards.If Qenos gas volumes increase the dividend stream will increase and vica verca.The qenos plant closure for maintance will result in small loss of revenue.
Investors in EPX have no idea what the gas volume will be iin the future.Will gas prices rise in future years?Will Qenos be paying more for future gas supply volumes?Will dividends be higher as a result?
Why didnt you mention that EPX has paid of their loan ahead of time and that the income that used to go to the loan repayment will now go towards income for distributions to shareholders?Its quite a substantial amount.
My research indicates that the Qenos manufacturing plant has never been busier and thats in these tough times?
EPX Price at posting:
$1.74 Sentiment: Buy Disclosure: Held
