9.3% yield to offer a bit of safety, a $33 price right now offers a good amount of upside. Survived the secondary, they have a bit of cash for acquisitions. Gas surging in price right now and oil holding firm offers some hope for further land sales. I nibbled a small amount.
I also traded some GPOR yesterday and today on some wild volatility. Kept a very small remaining position as GPOR is way cheap here as well after their own secondary. Holding some CHK LEAPS as well. E&P that have been hurt the most have snapped back fairly well in this pricing environment.
holding a smallish position in LNCO as well
But, despite my disgust with EVEP management-- 9+% yield here is fairly compelling
pooch,if powder ($) is avail, this is a great entry point, re mgt, even an impaired squirrel can stumble upon an acorn--land prices are rising & $$ being invested is huge--30+ billion between marcellus & utica , that is without drilling, speaking of that, this week, should pass 1000 permits (utica ) issued & 670 drilled & about 170 producing ,---take a look @ stk price of cos involved in marcellous/utica,e&p, mid-stream et al----only 1 laggard---1 guess who?? (even their partner mid-stream access is doing quite well $ stk price)--bye---