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Some people buy on the rumor and sell on the news.
And some people buy at $17 and haven't sold.Somebody knows something we do not know.I have never seen an MLP break 52 week highs and then break a recent upgrade high of $52 this quickly.My guess continues to be the acreage they have bought and prices paid compared to today's prices for similar acreage.
According to last Dec Reserves, we are 25% over high end of book value 1.7Billiion. If they want to lock in those gains, why don't they sell the acreage for a profit. These public speeches are so redundant. Obama has been instructed to infuse hope back into the economy. We know how that has worked so far. I remain cynical.