Wish this up mode had some sudstance to it, but I am afraid it is the typical action that seems to take place prior to every X Date(tomorrow 5/8) only to usually subside on or after the X date back to the trading range of 27+ to low 29s by the next X date. Anyway, nice to collect the dividend next week and maybe some of this speculation of getting some $ from the Permian will come to FRUITION and we get a sustaining BUMP from it. GLTA
Guess I have become comfortable being long because I didn't even realize tomorrow is the ex-date. So long as the distribution appears safe and there are upside opportunities (with no real downsides in sight), I am satisfied collecting the distribution and being long.
Most of us longs feel the same way, and now that the short termers(3-4day holders) made it to the X day and get their .2416 div, they are selling today and down we go for another 30 days trading flat until early June and back will come the dividend chasers, then up we go to 29. "So predictable."