Note the price target, which is some $30+ points up from the current price. Raymond James has a slightly lower price target. The Baird piece has some info about EVEP's recently announced Barnett acquisition.
As I speculated, after EVEP reports next week, they may do a secondary offering to raise proceeds for the Barnett acquisition. That would be a golden opportunity to climb aboard.
mark...I agree, it is starting to look like EVEP and EOG are both still warming up...I cannot decide which one is the best, however, EVEP does pay an investor (better dividend), while they are waiting for a major surge in earnings in the future (and the dividends are mostly tax free)...
Board members, In my opinion, EOG and EVEP are both solid holdings for rebound and strong growth in the oil and natural gas sector...at this price level both still seem to be undervalued...I also agree that it is probably best to wait and see if EVEP does a secondary offering in the near future...
That said, I made real good money on EVEP (about 45%) but I took profit to soon (on a stop loss order) and it is not in my current holdings...!
They use EOG & CLR & HES & many othe very good operating partner-drillers, & they participate as a non-operator in many wells in ND & Montana. If there is 211 oil rigs operating in all of the Williston basin they may be involved with about 160 wells being drilled for their various percentage participation.
NOG is now the biggest non-operator Williston basin pure-play .
Agree both companies are excellent but EOG pays a distribution. It is NOT tax free. You also get a partnership K-1 and pay taxes mostly when you sell. Trading can be complicated as there are things like passive loss rules with partnerships.