In June of this year, I wrote a Seeking Alpha article pointing out that Evolution Petroleum (NYSEMKT:EPM) stock price was not keeping pace with the rise in the price of WTI. Since that piece was published, shares are up 50% and are up over 80% since my first Seeking Alpha article on the company in February (see Evolution Petroleum: Total Production Costs Of Only $13.44/bbl). Is it time to take profits?
EPM has been performing very well this year as the price of oil has firmed. The most recent quarterly results were released on November 7 and included was a 30% increase in the dividend....More>>>