Constellation Energy Partners (CEP) can take heart that if the drop continues at its current rate the stock will be at zero soon with an infinite yield percentage and you will be out of your misery. Or at least you will be as miserable as Linn Energy and Eagle Rock Partners unitholders.
Joe,
ReplyDeleteI guess the sellers are assuming oil and natgas are going to zero also...
This is just horrendous price action.
Anyone following Markwest? Taking a beating the last few days. Am I missing something?
ReplyDeleteI have the same question about MWE.
ReplyDeleteCan't find any news.
Bruce
Markwest is the pricing mechanism for the MWP conversion. 7 more days of this I think.
ReplyDeleteMarkWest Hydrocarbon, Inc. (AMEX: MWP) (the "Corporation") sent to its stockholders of record, on or about January 18, 2008, a Joint Proxy Statement/Prospectus seeking approval of the Redemption and Merger transaction between MarkWest Energy Partners, L.P. and the Corporation, as announced on September 5, 2007 (the "Merger"). The stockholders of the Corporation should have separately received an Election Form for stockholders to elect the form of consideration they prefer to receive in exchange for their shares of MarkWest Hydrocarbon common stock in connection with the Merger.
ReplyDeleteThe Corporation stockholders may elect to receive the stated consideration of 1.285 common units of MarkWest Energy Partners plus $20.00 cash, on a per-share basis, or they may elect to receive all cash, all common units, or a combination thereof, subject to pro ration and an equalization formula.