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Constellation Energy Partners, Ltd. Şti. Message Board

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  • cei1963 cei1963 Dec 9, 2008 2:13 PM Flag

    You guys still worried about the dividend?

    pvxbasher, do you own CEP?

    what's your take on them as far as being able to weather the present storm, intact, with dividend still paid in full.


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    • CEP has all but confirmed it will lower its distribution. The amount of the decrease is yet to be announced. CEP has shown only marginal improvements in terms of operations with a slight uptick in volumes. Mid Continent basis differentials have been bad and have hampered many midcon producers. CEP really needs to merge, my suggestion is QELP, which is also heavily focused in the Cherokee basin. While the Cherokee basin is not the best basin to be in, especially for an MLP, it would give them scale. I expect a cut to around $.80 to $1.00.