EVEP did not do a $1.2 billion purchase, its part of the deals was $372 million, Enervest bought the rest. So your 20 million share offering prediction is way off the mark. three million shares is closer to reality.
I hope that during this time before the Utica is monetized that EV buys more properties and pays for them with judicious share offerings and debt. The return on this kind of activity can be great. Pricing on properties is good. Cost of capital is low. What's not to like?