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Player Avatar TMFDeej (99.41) Submitted: 5/23/2011 4:48:51 PM : Outperform Start Price: $45.68 EVEP Score: -62.23

Recommended by Jeffrey Saut of Raymond James.He claims that there was no reason for last week's selloff in the stock (other than general market weakness, particularly in the energy sector, and fears that MLP's tax status will change). Valuation:"Keep in mind that EVEP owns 150,000 net acres and 80,000 royalty net acres in this emerging shale play. Assuming that the partnership is able to monetize its 150,000 net working interest acreage for $5,000 per acre, and acquire new acreage for a 6.5x multiple of EBITDA, we forecast that such a transaction would boost EVEP`s distributable cash flow (DCF) by $2.70/unit, or a 88% increase to our 2011 DCF forecast. Further, the CEO bought stock last week in the open market, which supports our thesis that the stock price pull-back was not driven by any pending operational/fundamental news." Deej

Member Avatar gimponthego (< 20) Submitted: 7/8/2011 1:09:27 PM
Recs: 0

TMFDeej...I'm a true EVEP believer. Talk about a stock with all the active ingredients! Good grief! When the price went down I got in..big time. This morning (7/8/11) during the "children's hour" the stock dropped to $56.42, so I bought 1,500 shares. Not touching my "stack of wax"..I just wanted pocket change for a few incidentals...then up she goes to $59.90 and got what I wanted. Nothing to do now but sit back and wait for that beautiful dividend. My CAP rating doesn't reflect my initial buy price...but, that's life. And right now it's pretty good. Take Care, Johnny (G.O.T.G. / San Antonio)

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