I would agree flyer with a caveat of a major oil price/financial market collapse. They really screwed up big time the way they presented the problem in the 1st quarter cc. If they would have presented it the way they did today the sell off, in my view, would not have been so significant but they were careless in the way they had said for quarters that having to rick of gas was a nice problem to have then out of the blue say it is causing a problem and at the same time showing such a drop off in coverage which scared many investors. I had previously sold all of my cost and am in cpno only on my gain, but I think price will recover as investors see them performing as planned and a return to a ~1.0 coverage. I do think they may have a rough time returning to high 30's as increasing interest rates may overtake cagr growth/yield a couple years out
Does anyone think this is a positive? They won't cut the dividend in the near term assuming today's operating environment does not have any negatives. Being paid 9% to wait while management executes their growth and dividend strategies.