Quick Win By The Algorithm: EV Energy Partners Develops Its Own Financing Options For Alternative Energy Generation

Quick Win By The Algorithm

On September 11th, 2017, I Know First issued a bullish 3-days forecast for EV Energy Partners (NASDAQ: EVEP). The forecast showed a signal of 78.44 and a predictability of 0.18. In accordance with the forecast, EVEP’s stock returned 19.59% over this period, solidifying another quick win by the I Know First algorithm.

EV Energy Partners, L.P. engages in the acquisition, development, and production of oil and natural gas properties in the United States. As of December 31, 2016, the company had estimated net proved reserves of 12.6 million barrels of oil; 575.3 billion cubic feet of natural gas; and 33.4 million barrels of natural gas liquids. EV Energy GP, L.P. serves as the general partner of EV Energy Partners, L.P. EV Energy Partners, L.P. was founded in 2006 and is based in Houston, Texas.

Energy Partners developed recently its own financing options system to turn alternative energy generation to homeowners affordable and accessible, after the latest ruling by the Constitutional Court, allowing additional tariffs in the price of electricity in South Africa.

There are a few available technologies that could provide long term cost savings such as: replacing home’s light bulbs with energy efficient lighting, implement a solar photovoltaic system and Energy Partners’ own ICON Home Energy Hub, an all-in-one solution for storing and using solar energy in the home.

However, the costs of implementing those systems can be prohibitively for homeowners. Thus, EVEP is providing credit for them to afford their ICON Energy Hub. Consequently, property owners can reduce their costs by as much as 80% with the right combination of energy saving technologies.

Current I Know First subscribers received this bullish EVEP forecast on September 11th, 2017


Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.