This stock jumps to an all time high yet again on news of another gas co. splitting its core business. How many times have we seen this with EP in the last 2 years??
With 10M+ shares traded and reaching above $18, I find it remarkable that an intraday high can have such a strong floor. I see it breaking $18 to close down to $17.75 range. Once 17.95 is broken, the traders will try to lock in profits and drop this back down to reality.
I'd be happy with an increase in Cash Dividend. Let's say $.75/yr. Pipeline = Cash. Who cares about price appreciation. I want fixed income and we all know management can not increase the stock price based on history.
It takes Doug a longtime to think about splitting the company. He's been thinking about this for over 2 years. Last time his official comment was they were not going to split company, but we all know he will eventually.