Voya Asia Pacific High Dividend Equity Income Fund T.IAE

Primary Symbol: IAE

Voya Asia Pacific High Dividend Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of dividend yielding equity securities of Asia Pacific companies. The Fund will seek to achieve its investment objective by investing at least 80% of its managed assets in dividend producing equity securities of, or derivatives having economic characteristics similar to the equity securities of Asia Pacific Companies that are listed and traded principally on Asia Pacific exchanges. The Fund will invest in approximately 60-120 equity securities and will select securities through a bottom-up process that is based upon quantitative screening and fundamental analysis. Voya Investments, LLC is an investment adviser of the Fund.

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Voya Asia Pacific High Dividend Equity Income Fund > Energy equity issues starting a countertrend vs oil prices?

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Comment by Motownwingon Oct 31, 2014 3:30pm

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Post# 23083277

RE:RE:RE:Energy equity issues starting a countertrend vs oil prices?

If Stella is successful, IAE will not 'survive', it will do extremely well...
Even if the brent stays at 80-85$.
Excluding any other asset acquisition,
Peak debt should be 775 M$ early next year (officially, 725 M$ but I expect addit overruns on Stella).
For 2015 ave prod of 18000 boepd at ave price of 88$ (with the hedged production) will be enough to generate positive fcf and start to reimburse the debt.
For 2016, ave of 30000 boepd at ave of 83$ will generate fcf of about 250 M$ (420 M$ ocf).
Use whatever multiple you want, the sp will not be 1.30$ when the market gets confidence on Stella...
By the way, banker's that financed the company are not stupid and ran multiple scenarios of oil prices in their model. The key for everybody - bankers and bagholders - is Stella.
The band Interpol has a good song titled 'Stella was a diver' - bad omen - LOL
GLTA and enjoy the WE!

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