CEQP is highly undervalued from a fundamental prospective, however, the overall market condition is not helping. Some legal issues are supposed to be sorted out in 2 weeks. By that time, the market could be in a very bad mood.
The 3/31/2016 deadline past and many buyers got disappointed. In the next 2 weeks CEQP will likely pull back to $9.50 and possibly even lower. A perfect buy and hold stock anywhere below $10.
Sold all of my position between $17.60 and $19.20. Still a bargain for long term investors but no longer among the very best deals in the market. Will re-enter if it retraces back to $15 (very likely in the next 2 months).
Target in 12 months: $25-$30.