Nice profit, paid $44 selling for around $50. It will eventually come back down to $44 and trade horizontal unless double dip comes and ruins everybody's mood.
They extended their debt maturities just like everybody else. I guess these companies expect next few years to be rough transition. I tend to agree! I'll collect my EVEP distributions until June and I guess I will be out for good.
Be careful out there. QE3 is on, then it's not. They are not going to make it easy for us. We have to want it, before they give it to us.
The increase in prices is amazing...shares must be completely distributed by now.
No doubt something is up with this company...
I think it is the impending Utica shale that cost EVEP nothing because it a zone that had little value before 2010 when CHK made a play for a million acres that they have acquired for Utica potential in Ohio.
The smart money has known this for months, thus the accumulation of shares from 40 to now over 50 in the last 6 months.