Never sure if this message was directed at me, but as for myself i started a position at 23.65, but sold most of the units two days ago after the call to investor relations. I am waiting to see how cc goes. The warm weather high propane rates, asset sale/ipo and under performing areas of business, and new facilities yet to come on line - i will wait and see at this point what the company has to say in a few weeks lou
I have been adding small amounts to my position over the last month. I expect the distribution to be maintained based on the last CC. I expect distribution increases to resume in late 2013 or 2014 as additional midstream assets come on line and start generating cash flow. At that point I expect the yield to drop to 8-9% as the unit price recovers. As others have implied on this board, my strategy is not without risk, which is why my unit purchases have been small. GLTA.