They announced it today, held the rate constant.
My take is this is bullish, implies their confidence in the business and their ability to IPO the midstream portion. I think the stock has finished bottoming. Call options have been profitable, time to buy the stock as well!
Has it really been two days?
Dang how time flies.
Beefstu,
Don't spend all those ill-gotten distributions in one place! (If your basis on NRGY is really about $34 as you said, you should be back to even by about mid-2012, I believe. The question then will be--will you sell a stock on the rise?)
Im very busy on on multipple bords so it is difficult to stay on yore skedyoole. I dont have anything beeter to do but bother people becuze sumone has to do it. that way the rst of yore life is improved. See how easy it works? Plus you can know that you are smater than me.
Another bullish development is beefstu's failure to post for the last two days!
How's that $34/share looking?
Sir would you like fries with that burger?
Patience, grasshopper....
Hold onto your shorts Beefstu, its going to be mighty cold holding your short positions. You've posted a lot but with nothing of substance to say, indicative of your intellect.
As for the $34, you picked the time horizon, nothing to build a case. Anyone could make that argument about any stock. But I will note that I owned some back when it was in the teens and recently bought back in the mid $20s.