I know that short interest is very low because the dividend is so high that shorts have to really have a case or risk losing and paying that high dividend.
Evidently that deal announced this morning is driving EVEP. Looks like they give up some land to a JV and get a piece of the revenue w/o any cost other than the contribution of the land. Its a shale play and perhaps implies that the other acreage owned by EVEP is just as valuable.
Yea, Salty. I know. My questioning the short-driven gain was IMO, also. I was just asking if I was missing something - - - Low short interest doesn't 'normally' drive a [high-div] stock up in the manner you suggested. I thought maybe you had a different angle. My question was not intended as an offense.
I don't know the date of the short data I mentioned. It was from Yahoo's "key statistics" and NO ONE really counts on Yahoo data. For accurate short data, check your broker.
Both my buy limit orders failed to get executed due to the price of EVEP running away from them.
I checked on moneycentral for a picture of EVEP and saw that its "StockScouter"rating had given the stock a 9 (out of 10). Within hours, that number had gone to 10 which is where it's at now. The recommendation by analysts, though, is listed as "hold."
I think the rating for other MLPs like VNR and MWE is not nearly as good.
(No need to worry about EVEP's price in the near term due to my having had to raise my buy limit order.)