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EV Energy Partners LP Message Board

gmax97 3 posts  |  Last Activity: 10 hours ago Member since: Nov 13, 1998
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  • Reply to

    WFA Sum of the Parts Valuation

    by gmax97 10 hours ago

    What about the one due in 5 days time?

  • WFA recently did a sum of the parts valuation on a number of MLPs. Their valuation on what are the various business pieces of NGL worth came out at $22. This is not a dividend/distribution and growth valuation but more like a break up value. At $6.50 that is 70.5% discount to that valuation. And the distribution has been reiterated so you will get back 40% of that within the year. Nothing is without risk in this volatile market but the sheer magnitude of the upside here surely must entice your to want to ride at least a small position. Shorts have to pay that distribution so its hard to believe it going much lower. Your mileage may vary, but that is the way I see it.

  • Reply to

    Math for dividend coverage

    by glasshalffull777 Dec 7, 2015 12:06 PM
    gmax97 gmax97 Dec 8, 2015 10:49 AM Flag

    What about the natural decline in wells other than US shale? I am sure Russian and Saudi wells have a natural decline just like US wells. I dont know the decline rates, just certain they have them. Anyone know if Russia and OPEC are able to drill enough to keep up with existing decline rates?

2.00+0.04(+2.04%)Feb 10 3:59 PMEST