Big breakouts cost me money because I am dripping the distributions into additional units every month. Higher prices mean less units dripped into my account each month to be dripped into additional units the following months. The only people higher breakout prices benefit, are the momentum players that will immediately sell and drive the price down. They hurt the investor that is accumulating a growing position in a growing company to provide growing distributions creating long term wealth for their family's future.
When the time arrives for me to sell in the future a higher price is beneficial BUT NOT NECESSARY because I will have assembled a much greater total unit count by just dripping each month and adding if the price remains at lower levels.
IMHO The important metric here is for VNR to continue doing their job of growing the company and in turn growing the distributions so that I can feel comfortable in dripping my funds into ever more units each and every month.
Sometimes Wealth can be created by doing nothing, if you are doing nothing in the right place . I think VNR is "A right place" for me to be doing nothing. Others have to think it through and decide for themselves.
$31.50 would be 8%, that's probably about the best you can hope for. But I don't think yield compression will happen with the MLP's in general so unsettled. I think LINE still needs to heal before the rest of the upstreams can calm down. It could take a year for that to happen. VNR has been affected by all the nonsense, but not as much as its peers, it's held up pretty well.