QUOTE AND NEWS
Forbes  Jul 11  Comment 
QR Energy LP (NYSE: QRE) has been named as a Top 10 dividend paying energy stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among energy companies, QRE shares displayed both attractive...
Motley Fool  Jun 26  Comment 
The base decline rate at upstream MLPs like QR Energy, BreitBurn Energy Partners, and Legacy Reserves is holding these companies back from growing their dividends.
Benzinga  May 12  Comment 
In a report published Monday, Bank of America analyst John H. Abbott reiterated a Neutral rating on QR Energy LP (NYSE: QRE), but lowered the price target from $20.00 to $19.00. In the report, Bank of America noted, “As part of its May 7th...
Benzinga  May 8  Comment 
In a report published Thursday, Wunderlich Securities analyst Abhishek Sinha downgraded the rating on QR Energy LP (NYSE: QRE) from Buy to Hold, and lowered the price target from $20.00 to $18.00. In the report, Wunderlich Securities noted,...
SeekingAlpha  May 7  Comment 
QR Energy LP (QRE) Q1 2014 Earnings Conference Call May 7, 2014 10:00 AM ET Executives Alan Smith - CEO John Campbell - President and COO Cedric Burgher - CFO Analysts Kevin Smith - Raymond James Noel Parks -...
DailyFinance  Apr 24  Comment 
HOUSTON, TX -- (Marketwired) -- 04/24/14 -- QR Energy, LP ("QR Energy") (NYSE: QRE) announced today that the Board of Directors has approved a cash distribution of $0.1625 per unit for all outstanding units. This payment is the second of three...
DailyFinance  Apr 15  Comment 
HOUSTON, TX -- (Marketwired) -- 04/15/14 -- QR Energy, LP ("QRE" or "QR Energy") (NYSE: QRE) announced today that it expects to issue its earnings release for the first quarter of 2014 before the market opens on Wednesday, May 7, 2014. In...
DailyFinance  Mar 28  Comment 
HOUSTON, TX -- (Marketwired) -- 03/28/14 -- QR Energy, LP ("QR Energy") (NYSE: QRE) announced today that the Board of Directors has approved a cash distribution of $0.1625 per unit for all outstanding units. This payment is the first of three...
SeekingAlpha  Mar 11  Comment 
ByHeather Ingrassia: As an income-driven investor who has a penchant for higher-yielding plays, I've decided to shift my focus to the independent oil and gas sector and highlight a number of reasons behind my decision to remain bullish on units of...
SeekingAlpha  Mar 5  Comment 
ByAlbert Alfonso: Executive summary: QR Energy has agreed to purchase QR Energy GP in exchange for 11.6M class B units The units will be issued in equal installments over four years Transaction is...




 
TOP CONTRIBUTORS

QR Energy, LP (NYSE:QRE) is a limited partnership which acquires and owns proved onshore oil and natural gas properties in North America. QR Energy is affiliated with Quantum Resource Funds, which is a collection of limited partnerships that were formed by Quantum Energy Partners a private equity firm. QR Energy, alone, owns a total estimated proved reserves of 29.7MM Barrel of Oil Equivalents (BOE) as of June 30th, 2010. Of these reserves 69% were oil and natural gas liquefied (NGL).[1]

QR Energy's properties are distributed between 4 distinct regions. The largest is the Permian reserve which is located in western Texas and south eastern New Mexico. It corresponds to 60% of all of the company's reserves 45% of the company's BOE/day output. The next largest is the Ark-La-Tex area. This area is spread between eastern Texas, northern Louisiana, and southern Arkansas, and it consists of 27% of the company's reserves and 34% of its daily output. The next largest is the Mid-Continent area which is located mostly in Oklahoma and is 7% of the reserves and 11% of the daily production. Finally, the Gulf Cost area is located along the southern parts of Alabama Mississippi and parts of Louisiana and Florida. It is 6% of the reserves and 10% of the production.[2]

QR Energy's relation with Quantum Energy Partners, a private equity firm, provides the company with access to potential acquisitions. Quantum Energy owns general partner interests in both the Quantum Resource Fund and the QR Energy LP. Because of this, QR Energy expects that it will have access to potential acquisitions or transactions of natural gas and oil assets which could benefit all parties involved. These transactions may be owned by the Quantum Resource Fund or may be portfolio companies of Quantum Energy Partners.[3]

The company's initial public offering of stock on the NYSE occurred on December 16, 2010. The company offered 15M shares each for $20. This was directly within the initial price range of $19-$21.Th The IPO raised a total of $300M, and the lead underwriters of the deal were Wells Fargo (WFC), J P Morgan Chase (JPM), and Raymond James Financial (RJF).[4]


References

  1. QRE S-1/A 2010 PROSPECTUS SUMMARY "Overview" pg1-2
  2. QRE S-1/A 2010 PROSPECTUS SUMMARY "Our Properties" pg2-3
  3. QRE S-1/A 2010 PROSPECTUS SUMMARY "Our Relationship with Quantum Energy Partners" pg6
  4. Renaissance Capital - IPO Home "QR Energy, LP prices IPO at $20, midpoint of the range" 17 Dec 2010
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki