Second, we allocate our capital to maximize recovery and cash flow. We understand that cash flow translates to distributions. I think that's a very important aspect of the MLP strategy. Our year-to-date uplift has exceeded expectations and is above 1,200 BOEs per day. Because margin is important, we've emphasized our earlier projects, which means primarily out in the Permian basin, year-to-date.And third, we continue to focus on strategic accretive acquisitions. We've had accretive growth through a significant drop-down as well as a third party transaction and we have another drop-down on the way, it's pretty significant. We think it will be there I think in early 2013.
QR Energy At Barclays Energy/Power Conference (Transcript)
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts