Not happy with the stock movement, but this may be tied to Bernake and interest rates, according to IR. Not to mention, many in the Mid-Stream space have been going down. So, perhaps a minor correction.
I have a partial position, so not overly concerned.
I will try one more time. At $34.22, LINE has a yield of 9.0%. The current highest CD rate in the nation is 1.05%. Even if rates tick up to 2.0%, it is difficult to envision why someone would prefer a guaranteed yield of 2.0% to a 9.0% yield.
Eventually, rationality should return to the MLP market. With so many shorts, there should be a pretty healthy rally going into the ex-dividend date.
I can get 4.50 and add new money at the same rate without the worry of buying a manipulated stock...........the divie maybe going up a bit, but for those that bought higher and don't feel confident in buying more they are losing. As I said with a monthly divie that is smaller then a full 1/4 divie shorts don't have to panic on a cover of their position and to cover that small monthly divie.