FYI, I have been in STON for five years. It has gone from 20 to 18...but has paid dividends and upped them a few cents at a time all along. Their industry has problem...people do continue to die but they don't have to go through an expensive burial. More people are now opting to be cremated and there is much less profit in a $500 cremation than in a funeral and burial costing thousands. There was a recent article in the WSJ trelling how the wealthy are now selling burial plots they bought a while back to raise money...and there are more plots for sale than are are buyers for them. But their distributions are in an upward trajectory, a few cents at a time so it's a good diversity play on MLP's
EVEP is a Citi FocusOne stock. CAPEX adjusted Coverage for dividend is estimated at 1.43x in 2009, 1.08x in 2010 back up to 1.20x in 2011.
E&P companies which are commodity focused are the most dangerous to own and I wanted a small exposure in my portfolio and have done well with Citi research and decided if I was going to do it I wanted their best recommendation pick which I bought at 15% cost to yield B4 it became a FocusONE pick.
The change was because EVEP was able to take advantage of the capital markets to solidify their balance sheet and this farmout transaction appears to confirm that they have some very good Marcellus land assets available for the future drilling programs.