Anybody know why DLNG made such an early distribution this quarter? Last one was May 3, and this is barely 2 months later, July 8. 2nd quarter distributions have historically been early August. Just wondering . . .
Not so worried about "being rewarded". Want to know how the cash/stock distribution is going to work out, and how much additional WNR stock I should buy (before the price moves too far up).
Probably included a few NTI shorts (4mm+) looking/needing to cover with WNR shares.
Was wondering the same thing, what's causing this run up, but it's doubtful it's a buyout, given that it's a limited partnership, and also that the parent, ALJ, is down about 6%. Maybe just "15 minutes of fame" with the momo traders. Been holding a long time, hoping to get back above water later this year.
Actually, not as bad as I feared, considering a 60% cut in the divy. Now at about 14% yield, still considerable.
Thanks, Happy. Guess I'll sit tight for a month or so to see if there's news, or any other developments.
If I'm understanding you from this and other posts correctly, HappyHorn, this would mean that every 10,000 shares of VTGDF (the old VTG) would be worth around 21 shares in the new company VDI. (311,020,000 / 655,095 = 474.77 old shares per new share). If the new company is valued at $95 per share, then those 21 shares would be worth $1,995. That would seem to make an old VTG share worth 19.95 cents. Is there enough uncertainty in the situation for VTGDF to trade at 1/12 of this price, or could the calculations be off somehow?
(I was trading in and out of VTG, and got caught long with 40,000 shares in the 24 cent range when things tanked in December. Been thinking to clear them out of the portfolio, but with this information may hang on and try to get at least 70-80% back out of it.)