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EV Energy Partners LP Message Board

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  • fredericababe fredericababe Sep 30, 2012 1:45 PM Flag

    What Will EVEP Do Monday Morning???

    I hope SO doesn't stand for secondary offering.

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    • artist_formerly_known_as_pooch artist_formerly_known_as_pooch Sep 30, 2012 5:47 PM Flag

      There is ZERO chance of a secondary. They have ample liquidity to cover their current capital needs. They are not doing any aquisitions right now that aren't part of the asset swap. The asset sale/swap will not require the raising of funds through stock sales. The sale will bring in cash. A swap will bring in cash generating properties that will enable a borrowing base redertermination-- ie a credit line increase possibly even a credit rating increase. Also, the number the poster put out $1 Billion is just not at all realistic under any scenario. I doubt EVEP as it is currently configured could ever raise that much in one single SO. MLP's twice the size with stable cash flow like MWE don't even do that.

      I wouldn't get any hopes up for tomorrow morning changing your tax bracket. But sometime in the next month we'll get a pleasant wakeup call from John Walker.

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