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EV Energy Partners LP Message Board

  • airbornetrppervet airbornetrppervet Sep 8, 2011 10:27 AM Flag

    New article from Seeking Alpha

    People- please look at this new article on EVEP, et. al. Also, I have had this stock for about a year or more and I am up over 140%. I only have 50 shares because dumb me sold 50 when I was up about 50%. I am torn. Logic says I should sell with this type of gain (especially at my age of 65)but the gambler in me says this thing could very well continue to rise. I do not know much about the driving forces here or the partnering arrangements on the Utica shale. Can anyone knowledgable give me info? Thank you.

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    • There's actually a bit of an operational problem and hence legitimacy in your complaint in the sense that without the Utica, just the traditional company and it's assets were in catch up mode since the price of natural gas was falling as were their future hedges. In other words, last year as they looked at their cash flow including hedges they were barely covering the distribution. They had to do acquisitions and gain more income to overcome that deficit. You can tell now that they are making progress given the last few reports. But, then comes the Utica and the need for caution in all respects as they evaluate the play and the future. So, it's been two things, some catch up on their part and then the Utica. Actually, they have done well being almost exclusively natural gas. All EPs are dealing with the natural gas price and hedge income falling, but most have an offset with oil. Evep doesn't have that, so they had to work on ovecoming the deficit. They are doing this.

      I suspect they may increase the divvy a bit for PR sake, but I don't think it's going to be much. But, the long run from an income perspective still looks fantastic. I think it's going to be two years before it really crosses critical mass and then we're off to the races.

    • My worried Friend,

      I have over 1600 shares of EVEP, acquired in the low 30's. I have no intention of selling. The dividend alone is reason enough to regard this stock as a long-term hold for income.

      If retirement is your concern. I recommend hanging on. Set your account up to reinvest the dividends, and watch your wealth grow.

    • If I were you, I would sell now. Pay the low taxes now vs. the much higher taxes later.

      Furthermore, the EVEP shareholders are counting the chickens before they hatch. 5% yield is not bad overall, but pretty low for MLP. Diversify your profits into beaten down assets which are likely to bounce back.

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