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EV Energy Partners LP Message Board

  • jdt1313 jdt1313 May 31, 2013 11:08 AM Flag

    I wonder...

    what the record is for setting new lows while a bull market is going on. This POS must be near the record. I guess we will know when the clown management issues themselves new options or stock for "setting the record" . They have destroyed almost $1 billion of shareholder value in 5 months during one of the fastest rising markets in my lifetime

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    • ordinarily I would feel bad about your losses jdt ./sarc but it appears that EV has given you a purpose for living. And, since you haven't pulled a gun out yet, I am guessing you can handle another 10-15% lower till this finds its final resting spot with a preferred deal putting the nail in the coffin - of course its not too late to join the dark side

      • 1 Reply to quantuon
      • The main reason I "haven't pulled the gun yet" is that virtually everything else I own has been up this year. I know that is a poor reason not to sell but as big of an idiot I feel like now, I will feel way more idiotic if I sell and a deal happens. This is not a case of a bogus company with worthless assets. It is a case of gross mismanagement but they own a big piece of EVEP so they have every incentive to turn it around. Since EVEP hit about $45 I have thought there was much more upside than downside . Obviously to date I have been wrong

    • artist_formerly_known_as_pooch artist_formerly_known_as_pooch May 31, 2013 12:07 PM Flag

      Destroying shareholder value--funny you should mention that as I remember during one of the calls and looking at one of the slides that they mentioned the $1.9 Billion in acquisitions EVEP had done in it's past. EVEP current market cap $1.64 Billion

 
EVEP
37.90-0.35(-0.92%)Jul 24 4:00 PMEDT

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