I sold 1500 shares last Friday. If you look at the DCF for 2014, I would be concerned. In addition, if you look at MLP's which have cut distributions, the negative impact on the stock is huge. For me, the risk associated with the distribution are too great for me.
I agree. I had calculated 280 - 320 cash generation when I ran some numbers. He had 300 and talked about the hedge.
I idea of a secondary seems extremely remote at least when you consider that they just paid back some higher interest bonds. My concern feeling is that they will the divy some and then how much would the price drop. NTI did not drop it turned higher. SO my questions is if and how much they cut it. I think they do to 40-50 cents. I think the bottom is either here or 23-24. I think it happens before June.