It was muted at best. I thought as well we'd get a pop, but not so much. I think there is still too much stock floating around and too much uncertainty about the earnings that come out next week to create much demand for the stock. If the earnings are good, it'll pop solidly. If they are bad, I see $38 as a real possibility. GLTA.
ETP has not increased its distribution in 4 years. BWP which is stronger financially but also now not increasing payout has a 8.2% yield. Sunce ETP has so many moving parts and confusing corporate structure compared to EVERY other MLP, a yield of about 8.5-8.75% makes logical sense.
MLP idex down 1 1/2% on the 31st. Up about 1% today. Exactly what you would expect. Again - looking at daily price movements is really sort of crazy. Yesterday someone dumped 72500 units at a market sell at the close. Price down about .40 to fill the order.