Good buy at $40 a share. At $40 a share the yield is 7.2%. The current share price of 28.37 is sheer lunacy.
Current price is fine by me. I'm buying more shares with each monthly distribution and each time the share price goes down too far. If someone is dumb enough to sell me a stable well run oil company with a 10% annual distribution yield at this price I'm happy to buy.
Let's think about this for a moment. I own more shares of LNCO than I should. Still, I watch the prices of all the oil and gas MLPs and ARP just took an enormous hit to it's pps. Should I sell some LNCO and re-invest it in ARP? GLTA