thinking out loud, is it possible they announce higher distribution guidance in january at some pt and then do an offering in march? seems like nothing to suggest they "have to" do an offering right after closing....
the theory i think was they do an offering after they closed the recent acquisition. last acq they did offering way ahead of closing so paid dividends to those new holders but didn't have the asset, so it hurt their coverage ratio that particular qtr....noise but background for us all
this time i guess its possible they do the offering now or end of qtr. figure it best if they waited but typically cos don't wait. i guess if they did an offering in march vs now it makes no difference, they would still in the 1Q2011 have to pay the distribution to new holders
in summary, if they plan to pay for this acq with equity portion, then expect an offering sometime this qtr if not sooner....imho
i like EVEP a lot as per CEO at conferences seems to indicates they should have ability to raise distributions as they have viz thru 2015.
10-26-10 300m barnett shale close by end of dec 2010"Initially intend to finance with credit facility" CF slide 16-17 WF presentation 700m CF matures 2012 current Borrowing base 465m -expect significant increase prior to year end 2010- 334m outstanding as of 9/30/10 --- Based on past history of allowing new shares to capture dist. the offering will be on or before 1-31-11 at 35-37$ 5-8m shares -All just my wild Guess!