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They do have the assets and ability to make it happen.
This MLP paid a nice dividend before and most likely will again when the market for Nat gas recovers.
If you have time to wait on the natural gas rebound, then you have to believe in Constellation Energy Partners.
This could be a monster stock in the making.
CEP is currently working with Stock Egg in a effort to pump.
Nice jump there, huh?
The last month obliges... For the week: +13.64%
Hopefully it will pick back up...
-1.26% is the scorecard for the week...
I've been watching them struggle to get this one track. They are one of the few stocks on my list that have not performed in the recent oil rally. This could be a buying opportunity looking over the next few months. Are you holding here?
My friends, for the week: +14%!!!
Keeping my eye on CEP as they just purchased some new oil producer for 5.6 M.
If CEP gets its financials in order, and looks like it will, a distribution could be coming, possibly in 2011. Other MLPs which have dropped their distributions are on the rebound. BreitBurn Energy Partners (BBEP) has restored a distribution this year. Atlas Pipeline Partners (APL) and Crosstex Energy (XTEX) are hinting at resuming distributions shortly. Unit prices for these MLPs are in the high teens based on optimism about distributions. Patient investors who are willing to wait until next year, perhaps later in the year, will be rewarded if a distribution is restarted. When energy business at MLPs is strong, it could benefit, and, being a marginal (risky) MLP, CEP should see the greatest gains.
Constellation Energy Partners is an MLP which has not participated in the enormous MLP rally. Its business is the development and production of oil and natural gas properties. Approximately 99% of the production is natural gas, which is recovered from coalbed methane proved reserves and are located in the Black Warrior Basin in Alabama, the Cherokee Basin in Kansas and the Woodford Shale in the Arkoma Basin in Oklahoma. It has total estimated reserves of 549 Bcfe (the unit of measure), including proved reserves of 254 Bcfe. Additional investment highlights for CEP are:
* Ample long term drilling opportunities
* Operations concentrated in low risk basins
* Predictable production profile
* Active hedging program
Looks like CEP is ready for a run @ $4 again soon.
Constellation Energy Partners‘ domain is decidedly more terrestrial than stellar. A unit of Constellation Energy, it is a coalbed methane exploration and production company that operates in Alabama’s Black Warrior Basin (one of the oldest and most lucrative coalbed methane basins in the US), the Cherokee Basin in Kansas and Oklahoma, and the Woodford Shale in the Arkoma Basin in Oklahoma. In 2009 Constellation Energy Partners reported proved reserves of 131.2 billion cu. ft. of natural gas equivalent. The company operated almost 90% of the 2,760 wells in which it holds an interest.
And the struggle continues... but oil is on the rise.
This one is still struggling... at the bottom of the weekly channel.
Up for the week +4%... in the right direction.
CEP is seriously undervalued here IMHO.
Dividend will be reinstated probably Q1 or Q2.
Only a matter of time for NG to start the climb to $7's.
AIMHO.
Constellation Energy Partners Schedules Conference Call to Discuss Fourth Quarter and Full Year 2009 Results
http://finance.yahoo.com/news/Constellation-Energy-Partners-bw-4258694196.html?x=0&.v=1
Press Release Source: Constellation Energy Partners LLC On Wednesday February 10, 2010, 6:00 pm EST
HOUSTON--(BUSINESS WIRE)--Constellation Energy Partners LLC (NYSE Arca:CEP) announced today that it will host a conference call at 10:00 a.m. (CST) on Monday, February 22, 2010 to discuss fourth quarter and full year 2009 results. The company expects to release its fourth quarter and full year 2009 earnings before the market opens that day.
To participate in the conference call, analysts, investors, media and the public in the U.S. may dial (888) 810-6805 shortly before 10:00 a.m. (CST). The international phone number is (517) 308-9398. The conference password is PARTNERS.
A replay will be available beginning approximately one hour after the end of the call by dialing (800) 944-1518 or (203) 369-3416 (international). A live audio webcast of the conference call, presentation slides and the earnings release will be available on Constellation Energy Partners’ Web site (www.constellationenergypartners.com) under the Investor Relations page. The call will also be recorded and archived on the site.
Constellation Energy Partners LLC is a limited liability company focused on the acquisition, development and production of oil and natural gas properties, as well as related midstream assets.
MA40 Weekly is holding at the moment...
Correcting now but the MA40 weekly should support... the market will tell us.
I feel this is way undervalued.
I made a nice Sept $2.50 option call that I am riding long now. I hope to see $10+ in a year.
Bringing back the dividend should do the trick.
Good luck to you.
yes, if it's right for your situation!!!
Is this a good price to add at? currently 3.01
tia
What a terrific reversal today... I look for confirmation of this with a second close above 275... the MA40 weekly is at 288 and usually in a bull market, buying at or below that MA 40 is a great buy... the market will tell us but I think this looks poised to follow through upside.
Great response!!!!
i picked up some of this today. I didn't realize it's a spinoff from Constellation Energy. i like PETD also. It's getting whacked bad after hours to 12.50. It was 18 just 2 days ago. They have a secondary of only 3.7 million shares and the stock got dragged to 13.5 ( the co only has 14.9 mil shs total, going to 18.6 mil ) .. check it out if you want. Mostly nat gas. JPM is pricing those shares next Tuesday.
Also like EROC as a survivor like CEP will be. More speculative would be GSX. They have debt issues so are very undervalued according to their reserves. These plays could be up over 100% come winter time no problem. Maybe 50% in a couple months. Imagine if CEP and EROC bring back their dividend payments. Heard that could happen here in less than 6 months time.
By the way I've heard something about the UNG etf no longer being able to manipulate futures in NG come October. If that's true NG could see a 40% pop with any hurricane and double + on a cold winter. Heck why not throw in inflation.
Personally....i say this is one of the best deals on the market.
Just the equity position on this is worth $18 / share. They hardly have any of their reserves borrowed against and obviously their credit agreement is crap, as with the 90% out and no dividend the stock is depressed (falsely). They will get this corrected specifically b/c they are a LLP / LLC and need to distribute to shareholders for tax reasons. I see them getting the div. fixed soon and the shares will double overnight.. I'm in for 22k shares and wish i had more.
rgds,
sTILL CHEAP HERE?
Many thanks for the data!!!!
Constellation Energy Partners Provides Update on Management Services Agreement and Hedging
Press Release
Source: Constellation Energy Partners LLC
On Monday July 20, 2009, 5:30 pm EDT
http://finance.yahoo.com/news/Constellation-Energy-Partners-bw-34743027.html?x=0&.v=1
HOUSTON--(BUSINESS WIRE)--Constellation Energy Partners LLC (NYSE Arca: CEP) today reported that it has received the requisite approval under the company’s credit agreements of a plan for managing its business after termination of the company’s Management Services Agreement (“MSA”) with Constellation Energy Partners Management, LLC, a wholly-owned affiliate of Constellation Energy Group, Inc. (“Constellation”).
Constellation notified CEP in June 2009 that it would terminate the MSA effective Dec. 15, 2009. Approval of the plan was required under the terms of the company’s credit agreements.
“As we noted in June, termination of the MSA by Constellation is an event that we have anticipated and are prepared to handle,” said Stephen R. Brunner, the company’s President and Chief Executive Officer. “We are happy to report today that the lenders’ agent has reviewed our plan to manage the company after termination of the MSA and is satisfied with the steps taken to stand up the company.”
The company also announced that it recently executed commodity hedges related to approximately 12.8 Bcfe of 2013 and 2014 natural gas production as follows:
NYMEX natural gas fixed price swaps on 6,387,500 mmbtu of production in 2013 at an average price of $6.81 per mmbtu; and
NYMEX natural gas fixed price swaps on 6,387,500 mmbtu of production in 2014 at an average price of $7.03 per mmbtu.
Brunner noted that securing approval of its management plan and hedging future production are part of the company’s continuing efforts to manage risks and uncertainties inherent in CEP’s business.
About the Company
Constellation Energy Partners LLC (www.constellationenergypartners.com) is a limited liability company focused on the acquisition, development and production of oil and natural gas properties, as well as related midstream assets.
Forward-Looking Statements
We make statements in this news release that are considered forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. In addition, management's assumptions about future events may prove to be inaccurate. Management cautions all readers that the forward-looking statements contained in this news release are not guarantees of future performance, and we cannot assure you that such statements will be realized or the forward-looking events and circumstances will occur. Actual results may differ materially from those anticipated or implied in the forward-looking statements due to factors listed in the "Risk Factors" section in our SEC filings and elsewhere in those filings. All forward-looking statements speak only as of the date of this news release. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise.
Contact:
Constellation Energy Partners LLCInvestor Contact:Charles C. Ward, 877-847-0009
Also great sponsorship by CEG. Buffett is an astute investor; I trust his judgment.
why is this one so abysmally low, when there is such enormous obvious potential?
There is no secret here; the reserves are all proven with even more additional potential reserves to be added to the current amount; you can see that the cash bind is being corrected; what's going on? Why no insider buying down here?
Well, this stock is a terrific example!!!!
Usually, when nobody wants it, the time to buy may have arrived!!!
Something made the stock go as high as $50; is it only obvious to a few people, that at 1/25th of the high, and with the reserves that it has, that now might be a decent time to buy the stock?
I realize there are a lot of cheap stocks out there, but this seems ridiculous to me.
How about that it has the lowest price/book around? about .1
So, when comparing the sector for timing to buy, now seems to be right... I just can't say the same about an individual stock...
Hi FutruesJackal,
I read the report and found it interesting. The oil and natural gas sector is in a slump. By question was more to the point, do you think CEP will decline further or has it hit the bottom?
I have been following several oil and gas companies decline over the past 6-8 months. Is now a good time to get back into this sector in your opinion?
Cheers
Read the news today as to why the market reacted as it did... this does not mean that Warren Buffet sold out, just that the rest of the investing world turned sour... glty
http://finance.yahoo.com/q/h?s=CEP
Is now a good time to buy in?
That double bottom produced one heck of a climb!!!
Yes and now it has confirmed a new double bottom... see the charts above.
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Most of our current production is natural gas, which we recover primarily from coalbed methane. Our proved reserves are located in the Black Warrior Basin in Alabama, the Cherokee Basin in Oklahoma and Kansas, the Woodford Shale in the Arkoma Basin in Oklahoma, and the Central Kansas Uplift in Kansas and Nebraska.
Our primary business objective is to create long-term value and to generate stable cash flows allowing us to resume making quarterly cash distributions to our unitholders. In the long term, we are focused on increasing the amount of our future quarterly distributions over time. We plan to achieve our objective by executing our business strategy, which is to:
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Our proved reserves are located in the Black Warrior Basin in Alabama, the Cherokee Basin in Oklahoma and Kansas, the Woodford Shale in the Arkoma Basin in Oklahoma, and the Central Kansas Uplift in Kansas and Nebraska.Our reserves provide long-lived production, low-risk, low-cost drilling opportunities and a high percentage of proved developed reserves.Our asset base contains over 2,800 low-risk, low-cost drilling opportunities which should provide us the opportunity to organically grow our business over time. |
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John R. Collins
Richard H. Bachmann
Richard S. Langdon
Hugh M. McIntosh
John N. Seitz
Stephen R. Brunner
Charles C. Ward
Michael B. Hiney
Lisa J. Mellencamp
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