I am new at this stock I want to buy it because of the dividend but they just announched they are going to sell another 7 million shares. that adds 25% to the float. don't you think the stock price will come down more and don't you think the dividend will be lowerd as well because of the extra shares?
Moreover, you can expect a recovery within a couple of weeks. And consider that the low of the day just 3 trading days ago was 27.55, lower than it is now, and VNR's close then was just a few cents higher than the current price. I think that VNR is a real bargain at the moment, enough so that I closed my covered calls (Apr. 30s) for a small .20 profit. I've decided to keep my choices open for a while to see how things play out.