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Tuesday, April 25, 2006

After the close news...Markwest files an offering for 3 million units. I guess doing the offering now means the new shares will collect the distribution. X-DIS date is next Wednesday May 3rd. I thought these guys were going to wait until after the quarter to do this. One note. There was a Dow Jones news story last Friday 4/21 which mentions that Markwest had filed the offering with the SEC. Why the 3 day delay or did i miss some press release? Okay..sorry folks...i found the headline on Dow Jones from 4/20. This is a selling of units from unit holders that had been in priviate placements and represent 34% of the shares outstanding. So this is not an issuance of additional shares and is not dilutive.

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