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EV Energy Partners LP Message Board

  • ottoblockhead ottoblockhead Dec 6, 2011 2:22 PM Flag

    Wells Fargo Presentation

    Please take the time to listen to today's presentation by John Walker. A few key points were as follows:

    1) JW believes $15k per acre is a floor with much higher valuations likely in the oil & NGL window;
    2) Company will be patient with regards to Utica. Have done numerous studies concerning how to maximize value. Expect to open a data room late in the 2nd quarter;
    3) JW has 30 or so new best friends (i.e. national and multi-national companies approaching him about the Utica);
    4) The interest is so high that they (the potential bidders) are proposing their choice properties as part of an asset swap, properties which JW stated you would never have suspected but they clearly want in to the Utica;
    5) Will be increasing their borrowing base to accommodate the Barnett transactions and forgo any normally expected secondary share offering since anything the company does in the Utica is going to bring in either a significant amount of cash and or income producing properties.

    Good luck!

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