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Constellation Energy Partners, Ltd. Şti. Message Board

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  • rrb1981 rrb1981 Sep 6, 2008 4:26 PM Flag

    looks like we're head for a 12 handle

    I for one do not think they cut the distribution. Coverage was 1.0x, and if they can keep costs under control and get some decent production growth, they might be able to limp their way out of this hole.

    The real kicker is to see who will buy the GP. A distribution cut is a step backwards.

    Current management has a huge task in front of them if they want to turn this company around. A new GP might have deep pockets and do a drop down...