The last (October) distribution from both SJT and HGT was the highest since May. Which seems strange since it represents income for July and I don't remember there being any mini NG price spike in July timeframe. I don't really understand why the October distribution for SJT and HGT was that high. But I do expect the following couple of distributions to be lower. Maybe the price will drop then.
I'm surprised too. I had expected around now would be a good opportunity to be adding more Amroys units at low prices but hasn't really worked out that way so far. I still expect lower prices before end of year though.
I have come to realize that the driver of MLP is the attached commodity. All MLP are plays on commodities: HGT is NG, BPT is oil MSB is iron ore, etc. MLP can only be conceived with a commodity partner. So like it or not, commodity dividend is directly proportional to the commodity price. What is driving the commodities prices, not really the NG, I am starting to believe in the coming inflation and the dollar going south. The US price of NG is 1/3 that of the world price. We, in the US are not using natural gas as Europe does. In France from way back, before WWII, gas was widely used but not from natural gas, it was from coal. In Europe coal is plentiful and gas was piped everywhere in urban area. This is not the case in the US, although in the farm country propane is widely used, I make reference with Idaho. In researching attractive stocks, of the best movers are all commodities. Actually the 30 days 15% upside movers are mining MLP. Today Cotton is in a 15 years high. This is an inflation play, plus a dollar that is going south make lots of sense.
Apart from the fact that none of HGT, BPT or MSB are MLPs, I don't think this applies to NG because it is a local commodity therefore a falling dollar will not serve to increase the price of domestic NG. Oil, being a global commodity priced in dollars, is a different story.