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I think there is a correlation between the recent legislation in the North America Hemp industry, the ethanol and oil sector, and medical legal cannabis waste biomass. EVEP, MEMP, and other energy trusts have to look at the UNITED STATES DEPARTMENT OF AGRICULTURE hemp report and the EIGHT TO ONE ratio of acreage of hemp per gallon of ethanol to acre of corn per gallon of ethanol. The big energy trusts with land leases should be thinking in tandem or tertiary business models of mining, marijuana, and energy using the same security, finance, real estate and security and logistics to lean costs of producing goods and services.
I think there is a correlation between the recent legislation in the North America Hemp industry, the ethanol and oil sector, and medical legal cannabis waste biomass. EVEP, MEMP, and other energy trusts have to look at the UNITED STATES DEPARTMENT OF AGRICULTURE hemp report and the EIGHT TO ONE ratio of acreage of hemp per gallon of ethanol to acre of corn per gallon of ethanol. The big energy trusts with land leases should be thinking in tandem or tertiary business models of mining, marijuana, and energy using the same security, finance, real estate and security and logistics to lean costs of producing goods and services.
Very smart trading thank you for your input I wish I owned some shares here but instead I bought UPL at .70 and than bought again at .55 but I'm planning on holding long term. IMO people can talk all they want about the strength of the dollar are Iran or the Saudis or whatever but when they want oil to go to 90-100 it will go and nothing can be done about it!!! They have 100 reasons why oil is at 40 and they will have 100 reasons why it's at 90 GLTU
Im very uncertain on oil sustainability, i would think if would be under $35 even $30, i actually bought evep as a swing trade 1-3 days but got stuck and kept buying and did more dd and think it is a good investment plus they are still giving out a divi (not sure if that last) so i built my position big and sold half over 2.50 with an avg of $2, but being cautious buying and selling half position short term and holding half long term
Im very uncertain on oil sustainability, i would think if would be under $35 even $30, i actually bought evep as a swing trade 1-3 days but got stuck and kept buying and did more dd and think it is a good investment plus they are still giving out a divi (not sure if that last) so i built my position big and sold half over 2.50 with an avg of $2, but being cautious buying and selling half position short term and holding half long term
It all depends on oil/gas prices , i think the downgrade from citi today sets up a nice buying opp under $2, i bought this morn @ 1.92, i think if oil heads close or above $50 we can see this above $4 in 6 months, possibly above $7-10 in a year, im holding a core and trading around it ,made some good $ when this hit above 2.50 recently,
52 week low was 1.60 WOW hasn't moved that much seems awful cheap at these prices? Curious where you see this in a year ball park?
Should of been watching weeks ago the move been happening, today will be big
nice play, I'm holding most sold a few @2.50, bought a bunch under 1.80, but also bought @ 3.90, 2.75, 2.50, 2, 1.75, so I plan to hold past $3, Maybe past $5
I just sold all my EVEP shares today and made over 50% huge gain...
this is a great money maker, once oil bounces this will fly, just concerned how it will weather this storm ,but if it survives this is a 10-20x capital, I'm buying and selling , got off my 1.70s yesterday, still have a large core
The biggest Nasdaq Pos Sacm just hit the new low $1.6 yesterday! Sell ASAP before it hits another new low $1.0...
As of 12/31/2015 only 1.74M shorted shares which is just 3.56% of the entire OS (48.87M shares) or 4.38% of the entire float (39.76M shares)!
What I don't understand is: why many brokerage firms did't allow their clients to short EVEP shares when it bounced from $1.91 to to $3.05 just a couple of weeks ago?
If the company cuts the 2016-dividend to zero then the price should go up, instead of down because that action will save huge amount of cash (near $100M CASH) to help the company either buyback the common shares or enhance the cash flow significantly! Should the dividend cut to zero we might see EVEP surge to $4 ~ $5 within a couple of days...
The whole sector is trashed, its not just EVEP. If oil ever turns around this will be a good one to be in. I won't hold my breath though.
I'm expecting the dividend to be gone with the next earnings announcement though, so expect another leg down. Looks like 2016 will be a nightmare year for the oil sector, IMO.
Wow, the pos scam hit the new high today then crashed to the daily low $2.53 to close today's trading! We should see the 52-week low $1.91 testing as soon as the coming days...
No way to short because no shares availabel to short! I wish I had shorted 1M shares of this pos scam at $3.32 ~ $4.27...
I figure it was probably lots of short covering today. We'll know for sure next week.
$EVEP recent news/filings
bearish 3.76
note: limited partnership K-1 forms
## source: finance.yahoo.com
Thu, 12 Nov 2015 21:43:52 GMT ~ EV ENERGY PARTNERS, LP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
read full: http://biz.yahoo.com/e/151112/evep8-k.html
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Tue, 10 Nov 2015 12:39:29 GMT ~ EV Energy Partners Fell after Its 3Q15 Earnings Annoucement
read full: http://finance.yahoo.com/news/ev-energy-partners-fell-3q15-123929203.html
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Mon, 09 Nov 2015 20:28:39 GMT ~ 7 Serious Earnings Disappointments That Just Stung Shareholders
read full: http://247wallst.com/investing/2015/11/09/7-serious-earnings-disappointments-that-just-stung-shareholders/
*********************************************************
Mon, 09 Nov 2015 16:26:40 GMT ~ Edited Transcript of EVEP earnings conference call or presentation 9-Nov-15 2:00pm GMT
read full: http://finance.yahoo.com/news/edited-transcript-evep-earnings-conference-162640248.html
*********************************************************
Mon, 09 Nov 2015 12:07:03 GMT ~ Q3 2015 EV Energy Partners LP Earnings Release - Before Market Open
read full: http://biz.yahoo.com/research/earncal/20151109.html?t=evep
*********************************************************
$EVEP charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$EVEP company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/EVEP/company-info
Ticker: $EVEP
OTC Market Place: Not Available
CIK code: 0001361937
Company name: EV Energy Partners, LP
Incorporated In: DE, USA
$EVEP share structure
## source: otcmarkets.com
Market Value: $183,756,460 a/o Nov 13, 2015
Shares Outstanding: 48,871,399 a/o May 01, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$EVEP extra dd links
Company name: EV Energy Partners, LP
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=EVEP+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=EVEP+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=EVEP+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/EVEP/news - http://finance.yahoo.com/q/h?s=EVEP+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/EVEP/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/EVEP/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=EVEP+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/EVEP
DTCC (dtcc.com): http://search2.dtcc.com/?q=EV+Energy+Partners%2C+LP&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=EV+Energy+Partners%2C+LP
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=EV+Energy+Partners%2C+LP&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/EVEP
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001361937&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/EVEP/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/EVEP/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=EVEP&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=EVEP
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/EVEP/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=EVEP+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=EVEP+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=EVEP
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=EVEP
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=EVEP+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/EVEP/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=EVEP+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/EVEP.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=EVEP
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/EVEP/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/EVEP/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/EVEP
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/EVEP
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/EVEP:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=EVEP
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=EVEP
$EVEP DD Notes ~ http://www.ddnotesmaker.com/EVEP
Oil trending in right direction. Not sure if it's all about Syria or if declines and demand are narrowing.
This is amazing... as Barron's outlook for next year was around -.47/share... and .58 this year with dividend .50 coming up... and now a dollar bounce... I guess oil must be up... nope http://www.dailyfx.com/crude-oil 49/46... Zzzzz
I think you are right. I will follow up in my DD.
I think so on Nov. but down to 20+% instead of 40+ as I saw my broker's screen when I asked and I guess its declared but iHub running late?
Good question.
I wonder if $tar will remain at $5 since sawblade slide seems to be tricky to tell... and whether massive dividend continues below $10 ?
Smart move in my opinion.
THEY ADDED 30% TO RESERVES WITH THE DEAL
Among the acquisitions is the purchase of a 100% ownership interest in Belden & Blake Corp., which owns oil and natural gas properties in the Appalachian Basin and Michigan near EVEP's existing properties with estimated net proved reserves of 120B cfe.
EV Energy Partners (EVEP +0.8%) agrees to acquire oil and natural gas properties with combined estimated net proved reserves of 302B cfe in the Appalachian Basin, San Juan Basin, Michigan and Austin Chalk from certain EnerVest partnerships for $259M.
EV Energy (EVEP -6.2%) is downgraded to Underperform from Neutral with a $5 price target, cut from $13, at Baird, which notes that after selling its UEO assets for $575M, the company has yet to fill the cash flow gap required to maintain its
OPEC vs. SHALE
Score:
Opec - 0 shale - 1
The war on shale has destroyed one opec nation
http://fuelfix.com/blog/2015/08/19/cash-strapped-venezuela-may-sell-off-gold-citigroup-says/#28248101=0
Cost avg. at about $11.60
1650 Units for the long term.
1500 UNITS
Added 500 units to my position @$9.00.
EVEP should be scaled into.
EVEP is trading with oil regardless that it is mostly a profitable nat gas producer.
OIL IS UNLIKELY TO RECOVER BEFORE EARLY 2017.
predominantly a natural gas company trading with oil.
While oil is oversupplied, nat gas is within it's normal range.
http://ir.eia.gov/ngs/ngs.html
http://www.eia.gov/petroleum/weekly/crude.cfm
EVEP price to book value P/B = 0.56
Yield of 17.75 %
Hedged for multiple years
EVEP Closes Midstream Divestment for $575 Million
They are now flush with cash (or rather have at the ready a large credit facility) and preparing to deploy it to an upstream acquisition. Rather good timing and strategic moves.
http://ir.evenergypartners.com/releasedetail.cfm?ReleaseID=917446
EV Energy Partners (NASDAQ:EVEP): Q1 EPS of -$1.35 may not be comparable to consensus of $0.17.
Revenue of $47.24M (-50.5% Y/Y) misses by $24.02M.
Presentation at GHS 100
Insightful presentation at GHS 100 conference..
Read here
5-10-13 will EVEP surprise the the market with great news and earnings on the Confrence call
Second Quarter 2012 Results
Adjusted EBITDAX for the quarter was $66.1 million, a 20 percent increase over the second quarter of 2011 and a 3 percent increase versus the first quarter of 2012. Distributable Cash Flow for the quarter was $34.5 million, a 4 percent increase over the second quarter of 2011 and flat versus the first quarter of 2012. The increases over the second quarter of 2011 in Adjusted EBITDAX and Distributable Cash Flow, which are described in the attached table under "Non-GAAP Measures," are primarily due to acquisitions completed during 2011.
Production for the second quarter of 2012 was 10.7 Bcf of natural gas, 282 MBbls of oil and 403 MBbls of natural gas liquids, or 14.8 Bcfe. This represents a 47 percent increase from second quarter 2011 production of 10.1 Bcfe, primarily due to acquisitions completed during 2011, and a 2 percent increase from the first quarter 2012 production of 14.5 Bcfe.
For the second quarter of 2012, EVEP reported net income of $15.0 million, or $0.35 and $0.34 per basic and diluted weighted average limited partner unit outstanding, respectively. Included in net income were $15.5 million of unrealized gains on commodity and interest rate derivatives, $0.7 million of non-cash realized losses related to derivatives acquired in a December 2010 acquisition that settled during the quarter, a $0.5 million non-cash charge to lease operating expense related to oil in tanks purchased in connection with 2011 acquisitions, $1.7 million of dry hole and exploration costs, a $16.3 million impairment charge, $0.4 million of non-cash deferred income taxes and $3.8 million of non-cash costs contained in general and administrative expenses. Also contained in general and administrative expenses were $0.6 million of acquisition related due diligence, transaction and transition costs.
The $16.3 million impairment charge was primarily to write down certain oil and natural gas properties to their fair value due to the effects of declining natural gas prices on expected future net cash flows.
The $15.5 million unrealized gain on derivatives for the second quarter of 2012 was due to the decrease in future oil and natural gas liquids prices, partially offset by the increase in future natural gas prices that occurred from March 31, 2012 to June 30, 2012 and the effect of such price changes on the mark-to-market valuation of EVEP's outstanding commodity derivatives which extend through December 2015.
For the second quarter of 2011, EVEP reported net income of $39.2 million, or $1.03 per basic and diluted weighted average limited partner unit outstanding. Included in net income were $17.4 million of unrealized gains on commodity and interest rate derivatives and $1.7 million of non-cash costs contained in general and administrative expenses. General and administrative expenses also included $0.2 million of acquisition related due diligence and transaction costs. Also included in net income was a $5.1 million impairment charge primarily related to non-core assets sold during the quarter and a $3.3 million non-cash realized gain on derivatives related to term extensions on certain interest rate swaps and to derivatives acquired in conjunction with a 2010 property acquisition. For the first quarter of 2012, EVEP reported net income of $28.6 million, or $0.69 per basic and diluted weighted average limited partner unit outstanding. Included in net income were $11.7 million of unrealized gains on commodity and interest rate derivatives, $0.6 million of non-cash realized losses related to derivatives acquired in a December 2010 acquisition that settled during the quarter, a $1.2 million non-cash charge to lease operating expense related to oil in tanks purchased in connection with 2011 acquisitions, $2.2 million of dry hole and exploration costs, a $0.6 million impairment charge primarily related to non-core assets sold during the quarter, $0.6 million of non-cash deferred income taxes and $4.3 million of non-cash costs contained in general and administrative expenses. Also contained in general and administrative expenses were $1.8 million of costs associated with the annual vesting of phantom units during the first quarter and $0.2 million of acquisition related due diligence and transaction costs.
Mark Houser, President and CEO, said, "For the second quarter, we achieved good results from our existing base business, which we would expect to continue for the second half of the year. We launched our Utica Shale monetization process at the end of the second quarter and are moving forward as planned. In addition, we have drilled and completed three operated wells in which EVEP owns a working interest. The Frank 2H well in the oil window in Stark County was brought on line and flowed at an initial unassisted rate of 515 BOE per day with a very high liquids content. Approximately forty percent of the equivalent production is light crude oil and forty percent is NGL's. We expect production to increase once standard artificial lift equipment is installed and the well is tied in to sales. The Habrun well in the oil window in Stark County and the Cairns well in the wet gas window in Carroll County are still in the dissipation period."
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