EVEP

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dan_s
Posts: 34648
Joined: Fri Apr 23, 2010 8:22 am

EVEP

Post by dan_s »

EV Energy Partners (EVEP) is one of my favorites on our MLP Watch List. They have a very high percentage of their production hedged, so revenues and cash distributions to unit holders are very secure.

You are going to hear a lot more about the Utica Shale this year which is why I remain very bullish on Gulfport Energy (GPOR). You can find our profile on Gulfport under the Sweet 16 Tab

EVEP management indicated that over 195 horizontal wells have been permitted in the Utica so far. As it relates to MLP, the expectation is still for EVEP to open a data room for prospective buyers in early July. The most likely scenario entails selling/monetizing/asset swap a portion of the Utica position combined with a JV on the remainder that would allow the MLP to benefit from potential upside through development without significant or no capital outlays.
Dan Steffens
Energy Prospectus Group
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