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EV Energy Partners LP Message Board

  • td67gto td67gto Dec 26, 2010 4:08 PM Flag

    VOTE NO! Requesting shares for

    management incentives. These new shares not being used to make purchase or expand just icing on the cake for the big boys....

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    • td67gto,

      You are a clown. You obviously know nothing about MLPs and furthermore, you must know very little about EVEP. EVEP is one of the better run E&P MLPs. They kept their distribution through the dark days of '08/'09. Look at BBEP, EROC etc that had to cut the distribution. EVEP has had a steady stream of increase (albeit fractions of a penny per quarter but it is still an increase).

      John Walker is a very astute manager and yes, he indirectly profits from the issuance of units via the incentive distribution rights, but you must know that those units have to be paid their distribution before he collects. If the company doesn't have the DCF, then issuing units is counterproductive and he not only doesn't gain, he risks damaging the very entity that is paying him those IDRs. You are very foolish if you really believe Walker and company are issuing units for short term gains and risk sacraficing the financial stability of EVEP long term. Very foolish indeed.

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