Without a doubt, a earnings low, my major concern is that its a reflection on "Poor" purchases! In particular the Bill Barrett acquisition, which was almost all Ngas. I think VNR got taken to the "cleaners" on the price that was paid to Barrett. Looks like maybe their ability to get good value purchases may have now turned! Hope I am wrong, because I think it maybe difficult to "bail" with profits intact!
It appears to me that VNR's acquisition will be a good one, and will be accretive to DCF and VNR will increase the distribution as events unfold.. VNR is shaping up IMHO to be a money machine and thats helpful to me since I am still in the accumulation phase with VNR. A level unit price created by mis-understood events by others help me to add additional units at a lower price and compound on a monthly basis with the monthly distributions. and the increasing distributions.