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Holding: CEP

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Symbol Sector Return Exposure Trades Last Trade Status
CEP Exploration and Production -68.91% 
Long
3  05-Nov-08  Currently Holding
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26-Feb-08

Beaten down MLP

Holding Rationale for CEP.

Constellation Energy Partners IPO'd at the end of 2006 and is now trading below it's IPO price after falling 60% from it's high of $50. The distributions have been increasing over the past year, and at current prices, CEP is yielding 11.7%.  With steady production, the distribution should be stable for years to come.  I'm hoping for a little yield compression (via stock price increase of course), and will happily take the income in the meantime.

Tagged Stocks: CEP

 

Posted at 18:42 in Holding Rationales  |   Permalink  |   Comments ()     |  Top

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Credibility in CEP

mitch

CEP Long
Rank 4/5
Return -68.91% at 2008-12-01
Rank 4/5
Trades 3
Followers 0
 

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