Don't discount a restructuring to provide LPG for gas fracking - apparently a viable way to complete horizontal wells without infiltrating the groundwater or fracturing bedrock.IMO the prospect of a distribution cut was already built into the stock price and today's drop is way, way overdone.A potential distribution reduction to the neighborhood of .50 presents over a 10% yield opportunity at the current price level.
i think as share holders we are getting fracked
Let me try to explain something to you.I own ALSK. The stock is about to go bankrupt. It lost about 70% of it's value in a years time. They then cut the dividend by 77% and the stock plummeted even more.If this stock is not already in the single digits when they announce the next dividend cut then it will be on the day the announcement is made.For me it's just one question.. which goes bankrupt first ALSK or NRGY. Personally I'm hoping it happens on the same day.
I am betting on beefstu57 going bankrupt first.