I mentioned Rio Vista Energy Partners, RVEP, a couple of times in the last few months. The company had a lot of activity in August, acquiring producing oil wells in Oklahoma, and a fuel transportation & storage business. The primary asset, at least to me, remained a terminal in Mexico and pipelines from a previously owned RVEP terminal. Those assets are now being sold, and so I am unloading my RVEP positionhttp://biz.yahoo.com/bw/070920/20070920005275.html?.v=1The stock is not very liquid, so initial attempt to sell half my position yesterday was not successful. Today, I was successful in unloading the shares, lower than my ask price yesterday. A multi-bagger in 13 months that offered a great learning experience- starting out as a value play, throwing off a generous distribution, then going on a great growth spurt.Off to find another stock like RVEPHohum
fyi: chesapeake energy CHK is getting ready to spin off an MLP for some of its NG production....no clue yet as to the details, or value...
Thanks for the idea.Working on a few candidates ideas-Breitburn Energy, BBEPLegacy, LGCYLinn Energy, LINEGenesis Energy, GELHohum
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |