Good point, JRP. If you study the history of this very well run company, it becomes apparent to "me that management is committed to raising the distribution even with current very weak pricing in natural gas. Less negative then no increase." Well put.
I'm oiling the wheels on my shopping cart for some serious mid - '60's and below buying next week.
I own this stock account the previous well done acquisitions and the Utica potential. The lame increase is seen by me that management is committed to raising the distribution even with current very weak pricing in natural gas. Less negative then no increase.
I don't see any need to get upset at this very modest increase in distribution. On the other hand, this kind of distribution increase is kind of goofy.
Just leave it alone until Utica monetization.
Don't write EVEP off just yet. It's history is one of high volatility. Case in point, unit price dropped from a high of 75.70 on 9.28.11, to a low of 59.93 on 10.4.11. So, in just 6 days, it dropped 15.77 points. The best part is, that it got back up to a pre-X-d. high of 73.93 just 6 days later on 10.10.11.
Fasten your seatbelt, next week promises to be interesting.
dis-tri-bu-tion, the act of distributing: 1. After the contest the distribution of prizes to the winners took place. 2. the way of distributing: If some get more than others, there is an uneven distribution. Great changes... in the distribution of land and water have undoubtedly caused great alterations in the climates of the world in the past million years. 3. a thing distributed: The food distributions fell short of the agency's expectations and had to be supplemented.4. Economics: the distributing to consumers goods grown or manufactured by producers. 5. division and arrangement; classification. Statistics.a systematic arrangement of numerical data. Note: In other words, in this case, distributions will be distributed as they are made. Definitely not before.
I'm sure the distributions will rise as the oil begins to flow.
That's if they decide to go that route and not sell! So far it's been a boom to me and my family and I expect it to be a bigger boom in the future!
Lisa, this things has been one heck of a winning investment for me. I first bought in at an average price 26.65 a share about two years ago. Since then I've more than doubled my capital and I've collected a generous distribution. I am one happy hiker.
If EVEP is lame, then all I can say is let's bring on the motorized wheel chairs. I'm hopping and skipping and turning cartwheels all the way to the bank.