Jim and Ros,
I was just, as we all do, getting a bit concerned about Line and EVEP. Nothing worse than putting on the trade you planned and watching it dive by $.50 or so. uts in AGNC, I have plenty of. When and if, is always the question. The forelay with the AGNC is always difficult, particularly when you have puts.
EVEP just posted another distribution increase: http://finance.yahoo.com/news/EV-Energy-Partners-Announces-iw-1778465732.html?x=0
It looks like it will have an ex-distribution date of 2/3/12, the same as Line. So, assuming 2/3/12 for both. we have two solid weeks to Fiday 2/3/12 and that is plenty, plenty of time, and Line held really well today. The shares are now sold. It was also options expiration. I am not buying into the natual gas and oil price concerns, but it is sensible to consider the possibility. So, my view is that we will see some good moves next week, I just want Monday to be a decent day, which should be the case.
Line will not post a surprise distribution here, $.69, but I think it always helps to get the press release.
What I enjoy about this board is that fact that I have at least two people doing the same things and over the last few years I have learned that psychology and confidence are important, so when I have both of you guys plus Doc saying EVEP will rise and I have seen it do the same, then I got to think a price rise will happen quickly. Let's face it at the price I was buying at, a run like we got on the open will generate some good returns. Line will do well too, and has had some very good volumes.
I don't know if you guys are intrigued by this, but I have done intra-day trades on KMP, Line and EPD on ex-dividend before. Buy the calls first thing and ride it up and dump the calls, so I might do that on 27/1/12. I could use some pocket change while the big money rolls in.
Have a great weekend and talk to you next week!