This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

QR Energy At Barclays Energy/Power Conference (Transcript)

Since there's been really an intense focus on these NGLs and how that might be able to impact shill cash flow, we wanted to bring up that we've only got about 10 to 15% and how you look at that NGLs in the portfolio which is really limited as how much that can impact our distributable cash flow. We don't hedge NGLs. We do significantly hedge oil and natural gas which I'll talk about in more detail here in a minute.

And also I wanted to point out that if you keep up with NGLs that the Conway has been hit a lot harder than Mont Belvieu and we only have about 5% of our NGLs is exposed to Conway. So we think overall a pretty oily setup especially on a revenue basis.

Let`s take a look at our annual capital program and how it's shaping up. We expect our 2012 capital program will end up with about $75 to $85 million of capital spend of which we expect about 52 million of that will be maintenance capital and we have lots of good projects in our inventory which are spread out across our asset base. What that means is we have very little concentration risk which I think is if you're sitting in investor shoes, that's actually a good thing that we don't have those really large concentrations of assets that can lead to some unpredictability. So we have a lot of projects that are spread out across our portfolio.

As I mentioned earlier, our capital is going to be spend in out two largest areas, the Permian basin and the Ark-La-Tex area. We'll spend about 80% of our capital out on a Permian. As I mentioned, its clearly more oiler out there, at least it is in our portfolio. The type of projects we have going on out here are primarily infill drilling, water flood optimization and trying to find ways to enhance our water handling capability.

Read the rest of this transcript for free on

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs