the great here is with production 90% hedged through 2014 we can buy producing assets cheaper due to oils temporary decline because of Eur crisis.I think we will acquire 2000-4000 boe of assets by year end. 100-200million dollar deal.
Its my third largest holding. My cost basis is $16.5. A no brainer to buy IMHO. I put another order in for $17.54 but, I probably won't get it.
We have had our distribution. What would raise the price before the next one in these bad days? Is it time to take our profits before we have none and buy back cheaper?