A month's worth of gains gone in a few hours and there's no news and nobody has any idea.
I'd buy some more but without knowing why it's down, it's kind of hard to figure out where
the bottom might be.
Current payout is for Nov and Oct 13 production. Oil 68 plus at $89.11 to 75plus @ 99.76 prior payout. Gas 453 @3.83 to 502 @ 3.82. Production down due to weather and price decline from prior payout period. Now three new wells (Rocker B-40,41,42) completed and production expected in March. There were to be two wells scheduled to be in production Q4 2013. No info on them as far as I know. NDRO up graded by Wells Fargo and RBC to outperform. From my side of the table things look very positive to me.
Obviously, someone with big $ is getting out of this high yielder because the yield dropped some and there's no reason to expect it to increase any time soon. But, at this price I think the selling is ill advised, it's way too cheap. I wouldn't sell this stock until we are well into the mid to high teens.
Sentiment: Strong Buy