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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: yossarian67 who wrote (97141)	2/24/2008 6:46:57 PM
From: Ed Ajootian	Read Replies (2) of 206209

yossarian/serious, Constellation Energy Partners (CEP) -- I see that seriousinvestor answered your question and also offered some great insight regarding the undervaluation of the current stock price. As of Friday's close, CEP took over the lead from LINE as being the MLP/LLC sporting the highest current yield, about 11.8%. Just to add some more thoughts, I believe one reason that the stock is getting pounded is that even per the company's own '08 guidance (see the powerpoint presentation that was given in connection with their 4Q earnings call), they will have trouble maintaining the distribution rate without borrowing more funds, unless natty prices go up from here. I believe natty prices still have more to go up so I am holding my position in CEP for now, but given the relatively low margin for error I am not planning to buy any more of it, at least for now.

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