No. of 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--

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 :)

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