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EV Energy Partners LP Message Board

  • lizahuang54321 lizahuang54321 Apr 15, 2013 11:45 AM Flag

    If the sale doesn't happen, then...target price of $38

    EVEP's yield needs to rise to inline with other E&P MLPs.
    For a while, EVEP's yield has been disconnected with that of the rest of the E&P MLPs which have yields ranging from ~7.5% (LINE) to 11% (QRE). The only reason EVEP has had such a low tield (high price) was due to the sale anticipation. If that is not happening, then it has to re-couple with the rest of its peers.
    Put EVEP on the low end of that range with an 8% yield and we get a unit price of around $38.
    That would be my target price which EVEP may drift to, so long as there is no movement on the sale.
    So there is still another 25% downside. After reaching that target, price appreciation would have to be driven by distribution increases, meaning they better start doing better than .001/qtr.

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