Congratulations and a hearty "well done" to Walker , Houser and the rest of EVEP's clown management team. EVEP is now DOWN over 40% year-to-date! And what makes this "accomplishment" even more impressive is that you managed to do this in less than 6 months and during an otherwise strong bull market. Only a "great" management team could have achieved this "milestone" under these circumstances.
I will be waiting for all the red arrow idiots to comment on this post
Looks like it wants to bottom at late 2009 levels around 29.27. I wonder if
hedge funds are involved like in Linn stock. Evep management deserves most
of the credit for this decline. If they do not sell Utica , or their Midstream
Evep may stay at these levels for a long time.
For the past 5 months , this stock has been in a virtually nonstop decline. Management completely screwed up this stock by failing to execute a deal by year-end 2012 which they seemed to believe was a slam dunk. And since then management has done nothing and essentially disappeared. They burned many many investors , including me , and the Street and thus they have zero credibility.
Notwithstanding all that I have been investing for more than 30 years and have very rarely witnessed such a prolonged decline in a stock I owned.
I used to write sarcastically that EVEP's bottom is zero.I truly have no idea what its bottom is. Like other posters, I hope that each new day it will start to turn around. However , the decline just gets worse. DOWN 17 out of the last 18 trading days in a bull market is hard to achieve , but the clowns who unfortunately run this company have managed to do that.