Before buy backs im sure EVEP is pursuing this with parent.......its the right size
4/15....Encana Corp. is seeking buyers for its natural gas properties in Louisiana as it focuses on drilling for oil and other liquids in Texas and Canada, people with knowledge of the matter said.
Citigroup Inc. is soliciting offers for Encana’s Haynesville Shale basin acreage, valued at as much as $1 billion, said the people, who asked not to be identified because the information is private. The bank has begun reaching out to private-equity firms, energy explorers and other potential buyers, the people said.
The higher levered smaller producers structured as corporations are now trading at 4-6X 2015 EBITDA and now are at a discount to MLP valuations for most part. Thus u see the importance of liquidity as E&P names with little hope of raising prod wont be funded and thus will be forced to sell as FCF does cover cap ex as prod rolls over. Those MLPs with liquidity in next 6 months stand to benefit and grow.