Kayne Anderson, the largest institutional holder of shares added over 1 million shares according to a recent Form 13 filing to over 8.5 million shares.
Additionally, Riverstone Holdings run by former Goldman Sachs' energy czar lists RGNC as a core holding with over a million shares in a recent report.
Investors are in an enviable position here despite recent weakness encountered in pps. From my personal perspective after taking a nice trading gain of over 15% since the recent share offering, as posted I have reentered my investment at $21.44 and will increase it again at selective opportunities at prices under $21 until it reaches my pre set threshhold for one investment holding.
The Haynesville Pipeline completed this month should pay immediate returns and expansion of it will certainly be a future step as production continues in this prolific region. I believe that throughput must be at peak levels due to the recent weather and this first quarter should be impressive for the industry.
NGAS report this AM was very bullish esp. when you expect the weather to cotninue to be cold thru months end. The comps yr over yr get very easy and draw downs should accelerate as deviations to norm increase.