UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next
Author: Hohum77 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8739  
Subject: Re: BDDPI Date: 2/24/2008 4:51 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Another of those Master Limited Partership (MLP)-type ideas.

Constellation Energy Partners, LLC (CEP) is an O&G driller. Well, it operates in the Oil & Gas sector, but its assets and its revenue are primarily from Natural Gas resources.

- Yahoo! Finance indicates the price as $19.10/unit, but cannot figure CEP's market cap
- Microsoft's Moneycentral cannot figure out CEP's price or ownership
- Google's Finance suggests the CEP market cap is ~$427M and agrees with Yahoo! Finance on price per unit i.e. $19.10

The 2007 production assets were in Black Warrior Basin (AL) and Cherokee Basin (OK,KS), so the MLP provides geographical diversity of assets.
CEP acquired additional assets in Woodford Shale (OK) from parent company/sponsor, i.e. Constellation Energy Group (CEG). 2007 Results and the recent asset acquisition detailed here--

http://biz.yahoo.com/prnews/080220/new030a.html?.v=4

I have some potential Capital losses to harvest, so MLP income works for me this year. MLP distribution can work in a tax-deferred account, just don't buy too much-- moderation is good :)


Hohum
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next

Announcements

Motley Fool Income Investor
Are you a dividend-savvy investor? Check out our Income Investor newsletter.
Post of the Day:
Macro Economics

The Future, or What's Left of It
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement