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EV Energy Partners LP Message Board

  • bodjango2003 bodjango2003 Jul 26, 2013 11:38 AM Flag

    Why is EVEP inching UP, if...

    ...the Utica is now seen as too risky. We hear that E&P big boys are selling acreage in the Utica.

    -How come EVEP moves up slowly, then?

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    • Don't assume the press is objective or honest. I saw stories warning people about BIDU last month when it was around $90. Now it is nearly $40 higher. Also heard cautious remarks about CRR when it was just recently in the mid $60's--now at $88. Given the amount of $$$ in the market, it would be hard to believe the press never gets paid to write slanted pieces in order to influence buyers and sellers. The first time EVEP announces a significant sale for a reasonable price (soon I hope), the stock will jump $10 IMO. My guess is that someone is slowly accumulating EVEP. CRR now $89.

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