Encore Energy Partners LP (NYSE:ENP)

I own this

I like energy plays in the Williston Basin of North Dakota.

Going bullish on energy companies, not to mention they pay out a nice fat dividend which I like!

With the government and Fed printing money nearly nonstop, multiple trillion dollar deficits in the best case future... oil is a great place to be. Plus, it's a nice hedge against your consumer energy costs.

Take a look at the numbers too... this thing is undervalued compared to other energy MLPs.

Excellent Margin with a distribution above its competitors.

I LIKE THIS MLP

If you read my "pitch" on KSP and CPLP you know I like dividends and energy. Here you get a great family tradition in the oil patch, next generation taking over at EAC, and this spin-off of ENP that provides a great opportunity for investors to partake.

I got into ENP for an almost 11% dividend; its parent EAC pays none. I think the more you read about the company, and the family, the more comfortable you will be with this as a position.

Good package with a nice dividend

At this price you'd be foolish not to be long.

supercycle

Company is well managed and principals continue to buy up more shares

yet another in the Texas energy play.

Encore Energy Partners LP was formed by Encore Acquisition Company to acquire, exploit and develop oil and natural gas properties and to acquire, own and operate related assets. The Company’s assets consist primarily of producing and non-producing oil and natural gas properties in the Elk Basin of Wyoming and Montana, and the Permian Basin of West Texas. As of December 31, 2006, its total estimated proved reserves were 22.2 million barrels of oil equivalent, 65% of which were oil and 83% of which were proved developed. In March 2007, its properties in the Elk Basin were acquired from subsidiaries of Anadarko Petroleum Corporation. For the year ended December 31, 2006, production from the Elk Basin properties was 3,633 barrels of oils equivalent per day, of which approximately 95% was oil and 5% was natural gas. During 2006, production from the Permian Basin properties was approximately 838 barrels of oils equivalent per day, substantially all of which was natural gas.

ENP has a high dividend yield of 8.61% and a per share price of $26.74. The dividend distribution for the first quarter, ended on Mar 31, was 57 cents, or $2.30 annually.

Revenue growth YOY 830.60%. Need I same more?

energy prices

When Encore Acquisition Co made me a ridiculous return over the years with a p/e over 100 I sold out but stayed loyal and bought their offspring. Yes oil prices will drop but my trust and belief in Jon Brumley will not.

newer company in energy game, with increase in pricing and texas location, I am wanting to watch how well this does.