Why is this stock going down in price. There has been no announcement of a dividend cut, except for some analyst who is trying to short the stock. The ROE is good and the sector is a good one. If you know the reason, please respond.
Are you serious? Management has a schedule to announce the distribution and an earnings date already announced. If they did anything else is would actually be a significant negative. Management HAS been supporting investors by making changes to operate the company better and have it earn more DCF. Their job is not to put out stupid press releases. What you are suggesting simply says you are angry and frustrated. Suggest you call them!
Everyone keeps stating the stock is pricing in a distribution cut, and that the open season on the new pipeline project is still pending until January 17th with the extension of said season. I do not see how anyone is getting to a distribution cut...that seems silly and VERY drastic considering their outlook for 2015 with accretive projects coming to fruition. If they fill the order log for the new pipeline and announce that tomorrow or sometime soon, then that open issue will be a positive. If they have to extend that open season for the new pipeline, more pressure on the pps will occur. The fact they announced their earnings release date, and no preannouncement of a distribution cut or earnings miss, solidifies in my mind things are moving along and no cut is forthcoming.