I note the following in the non GAAP information of the recent earnings release:
Distribution coverage quarters (a) 8.29(as of 9/30/2011) 5.36(as of 12/31/2010)
(a) This is a measure of the ratio of liquid net assets to a quarterly distribution commitment. The quarterly distribution commitment is calculated by taking the end of the period outstanding common units (19,357,697 at September 30, 2011 and 15,577,571 at December 31, 2010, respectively) and multiplying these units by the declared distribution. This total is then added to the distribution due to the General Partner based upon the same variables.
Seems like their liquidity is up and that in another 8 quarters if they don't generate any additional cash in those TWO YEARS, they will be out of liquidity! I see no reason for the panic, but appreciate the low entry point.