Why would you want to sell when the Ex-Dividend date is Aug 5th, and you will get 63 cents a share??
I'm accumulating LINE, so if you sell, I hope I can get in a lower price before July 31st.
I wouldn't sell now, as tomorrow is the natural gas inventories, and it will probably go lower. Look ahead! We could have a hurricane, hot temperatures, or a cold winter. I'm long Line, they already said the dividend is safe. Even if the dividend was cut in half, it still beats money market rate.
My advise, just hold on.
Look at TYN or TYY. They are Closed end funds (CEFs) that just own energy related MLP's
They are quite diversified and do not have the tax implications of LINE. I own more LINE than TYY or TYN but if you to mix it up a little, that may be an idea.
I found out about LINE by looking at the portfolio of TYN some months ago.
Glad I did.
I,myself, prefer mostly Line with a trailing stop,since Line is hedged out nicely.If I get stopped out at the ex dividend date I will merely buy back in at a lower price.However I will certainly re evualate Line prior to the final hedging date.If you feel that ther are other good stocks consider a couple of them, however forget the advice of yor broker or anyone else!!
I don't know anyone who still has a broker.
Do you feel he has some special insight as to what's the best way to invest your money?
Spend a little time on the internet and start making your own decisions.
NSH is the GP for NS, check the presos on their web site. I like them for distribution growth in 2009 / 2010 due to the LP acquistion of asphalt assets a while back. Most of the rest of the business of the LP is fee based as well, all of which bodes well for the GP.