They did a relatively large offering a few months ago and the share price initially dropped before resuming an upward climb.
These MLPs have to continually issue equity and debt to grow (since they pay out most of their cashflow in distributions) so you can't blame them for issuing equity now especially after the run they've had. Paying down debt is always a good thing and these guys are pretty good when it comes to acquisitions. But the stock might have gotten ahead of itself here. A couple of points lower and I might be tempted to buy more, but I am nervous about October for the general market. The next distribution date is not until November so there's plenty of time to capture the yield.
Wasn't there discussion on the last cc about how attractive the pricing on potential assets were right now? I could be confused with remarks by another E&P MLP... But that pricing will not stand forever. Gotta strike while the irons hot. I have no problem with this.