Given the time line for EVEP to monetize the Utica holdings and the recent half billion dollar investment what is the consensus thinking as to an equity offering? My initial thought is that the dilutive affect of any equity offering on the future value of the Utica position outweigh any positives. On the other hand at today's unit price additional investments will be accretive and would hedge any downside surprises with the Utica. Thoughts?
EVEP did not do a $1.2 billion purchase, its part of the deals was $372 million, Enervest bought the rest. So your 20 million share offering prediction is way off the mark. three million shares is closer to reality.