<<<It will recover and go higher but not in your time frame. >>>
I agree with you. This thing is broke right now and there with have to be a couple of things clarify before real buying comes in to move it higher.
First...the distribution cut has to be announced. That is, no doubt, already in the price...but it has to be announced and make sure it "fits" the current price.
Second, earnings are going to have to bottom out and start to give a sign of improvement.
Management must also give some confidence to the investor community. Right now, that are sucking wind and making no one feel good about buying.
Most of these train wreck situation, like NRGY yesterday, take about three days to wash out all the sellers. 17.20 could be a good price, but I'd guess that Monday will bring in the sellers that didn't catch the news until last night. And, Tuesday may be the day to get the best deal (hopefully in the high 15's)
Tuesday AM, watch the opening, If it drops at the opening, then stabilizes...THAT is the time to buy. IMO.
Whatever happens, I am having my distributions reinvested. So this February distribution should buy me a lot more units than last quarter...LOL.