EVEP--C.C.--UPDATES--

John Walker said the Nettle well was "flowing " & they were very encouraged by the results so far--he alluded to possible j/v activity re oil window--

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Permalink Reply by tena marie west on February 2, 2015 at 8:03pm

Hi Richard, could you tell us where you  read that at. Thanks in advance

Permalink Reply by David Perotto on February 2, 2015 at 8:24pm

They held a conference call today ( I couldn't locate it on the web). Their stock went up nearly 10% today. John Walker has been buying stock in the last six months. Looks like they may be onto something.

Permalink Reply by tena marie west on February 2, 2015 at 8:44pm

Thanks for the reply, Tena

Permalink Reply by RICHARD BASILE on February 2, 2015 at 8:50pm

HI tena,  David , heard the CC live @ 9 am est, if you go to EV energy web-site, under I R, they should have the press release--&  they will have the replay of the CC, --the CC is where Walker spoke about the Nettle, & future activity--hve a nice evening---

Mike MurphyPermalink Reply by Mike Murphy on February 4, 2015 at 9:34am
Permalink Reply by Dexter Green on February 4, 2015 at 10:47pm

EVEP hit the death cross on October 30, 2014.  Price was $32.80 at the time.  Since then it's down ~50%.  

Permalink Reply by Paul Martinelli on February 5, 2015 at 8:51am

and where from here does it go?

I think they have a good position in the UTICA....almost all HBP....so they can drill when They want to....not when they have to.

In a couple weeks, if they release any Nettles Well data, we should get a better direction on them.

Permalink Reply by Joseph-Ohio on February 5, 2015 at 9:32am
I think they are, always have been and will continue to be 'in it to flip it'.

I also think things will pick up drilling wise once they sell (in the areas of their sales).

Only IMHO.
Permalink Reply by Dexter Green on February 5, 2015 at 8:36pm

They're subject to price collapse in a way that a traditional operator isn't.  Because they're an MLP they have to keep their distribution attractive enough for continued investment.  I don't know if we've hit the bottom yet.  

Permalink Reply by James Vanderink on February 6, 2015 at 5:54am
When are you jumping in, Dexter? Easy money!
Permalink Reply by Dexter Green on February 6, 2015 at 9:25pm

Portfolio is already overweight in energy names.  Picked up MHR, OAS (which was a stupid gamble that paid off), and REXX last week.  I'm also loaded to the hilt with MLPs, so EVEP had to wait and I missed the bounce.  I've been buying ARP all the way down from $11, with my average around $9.25.  The yield is unbeatable at this point.  Also holding my PAA which I bought on a decent dip earlier last month.  I may need to diversify just a tad bit.

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