Up to $7.25 by 2/7/13 (earliest anticipated dividend declaration date) followed by gradual decline to around $4.10, unless the dividend is significantly higher than the last one ($0.51/share). If the dividend is $0.60 or higher, then it could reach about $7.75/share about 3 days before the ex-div date before it's usual slide back toward $4. **If there is an unexpected spike in oil due to some international crisis, then it might break it's usual trend and go up after the dividend, however, nothing short of a full-fledged war with Iran will keep the price at that level for long.
People here always forget that production is 40% NG and it looks like winter is a dud for the second year in a row meaning another year of low NG prices. The difference is that NG hedges are off now, so income to WHX will be impacted negatively. Distributions will almost certainly be lower in 2013.