It's so nice of the market maker to allow the LNCO shareholders to exit at a lower price. While the company it mirrors goes up by .20 cents this morning. Well I suppose these slow EX-BRY holders were always a little dim ( They held a stock with limited dividend return, BRY). But can't wait to exit a 9% return stock LNCO. Let's hope they get done exiting by year end!
And BRY was like 90+% controlled by funds towards the end, probably mostly traders doing an arbitrage on the conversion. They didn't want to hold a quasi MLP, this is a retail and retirement fund security.