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  • You may be right. But, I doubt it. If NRGY does not cut the distribution, then nothing has changed. The stock is going down for two reasons. First, there is a fear that the distribution will be cut. Second, there is a fear that it will not. There are two points of view. I assure you the bankers and analysts want the disbribution to be reduced. Management of the company and its retail unitholders do not. Most retail investors in this stock are there for the income. Clearly, the health of the company depends on getting its distribution in line with its DCF. The current gap cannot continue indefinitely. With the company saying, by one report, that DCF will not support the current distribution during 2012, the handwriting is on the wall. I do not believe that NRGY can continue another year in its current condition.