Why would they?
MLP investors typically want either high yield or good distribution growth. EVEP has neither at the moment.
If they want potential for capital gains then there are numerous other candidates among non-MLP energy companies.
I don't believe that "investors will rotate out of other MLPs and into EVEP."
AFAIK, production has not been established, they've had some success with test borings. Still waiting for final results. Still classified as a speculation IMO. My 2nd largest holding.
Yes, production is in infancy stage.
EVEP shares outstanding 34.17 mil.
WLL shares outstanding 117.38 Mil.
CHK shares outstanding 635.00 Mil.
Now check the prices and you will see EVEP is ahead of the pack as far as share price goes. You are on the fast train to wealth, don't get off and hop a freight.
Reports call the Utica the next Saudia Arabia, etc., etc. This implies to me that production has already been established. No?
Thanks for all of your replies. It does wonders to ask questions. I've always asked questions!
Take a few deep breaths and hold on to your stock. The price has risen faster than production, JV's, storage facilities, transport,pipelines, etc. As soon as all these are in place, the price will go up, steadily. I know it is frustrating for all the longs for the yo-yo effect the day traders have on it now but when all the above mentioned are in place, we will be setting pretty.
On the dips, buy what you can. There are not many outstanding shares on EVEP and every share you take out of circulation is less shares for them to play with.
Very frustrating trading pattern, but looks like it's related to daily trading volumes that have been way below average, making it exceptionally easy to manipulate prices down. Really feels like its in a holding pattern until 3rd quarter announcements from the company!!!
Holding on, but opportunity costs are increasing vs. other opportunities! Need some big, institutional longs to get in and do some buying to increase volumes to reduce the impact of HFT and day traders!
Not seeing anything frustrating here. Chart hasn't broken uptrend or channel. All still looks very positive. Stock had a huge move in past 1.5 yrs and consolidating like this is very healthy. GL
nrungan, thanks for your reply. Low volume is indeed a factor. Would you please elaborate a liite on what you mean by "oppportunity costs are increasing versus other opportunities"