But Walker is still pulling in $1,325,000.00 every quarter in distributions. Even if he cuts the distribution to $.25, he's still sitting pretty each quarter. At least he has skin in the game!
Let me preference that steady quote with the fact that I have 15k shares at an average of $3.82. Therefore, I'm positive and could care less about the couple penny drop today and the day prior. Take away the head-fake surges into the close and the stock is down less than 2% each day. Looks like the sellers have vanished.
I originally purchased at $4.15, but by taking full advantage of the late day short covering on Monday and Tuesday, I'm now down to an average of $3.82.
At least that's better than $3.85. Another late day surge in price will it hold tomorrow or do we see more of the same. You could be right about oil prices, today could have been window dressing as it starts to actually trend lower.
(Cut & Paste): The IEA is predicting that oil prices will rebound to $80/bbl by 2020. The agency is projecting that global demand growth will rise by about 900,000 barrels per day through 2020 and reach 103.5 million barrel per day by 2040.
The IEA's oil price projections are in line with OPEC's recent $80/bbl price projections though 2020. The IEA projects that oil investment cuts will spill over into early 2016.
Look it up under (USO), if you need proof!
It doesn't matter VNR has already stated their divy is secure through next year and they reported earning in-line with the street today. Yet they are down 8% like the rest of the sector, yet oil and ngas futures are up. I see a reversal starting!
Your numbers are worthless, the sector is getting taken down even though both ngas and oil are up today. This short attack won't last much longer. Raymond James just upgraded EVEP and I wouldn't be surprised to see some insider form 4 purchases reported after the bell.
I would not oppose that logic, but I still don't see a decrease more than down to $.25. It should be included in the next distribution announcemnt.
They will come out and state that this past quarters distribution is $.50, but with blah, blah, blah we need to reduce upcoming distributions to $.25, which equals $1.00 annually.
Or did they all buy today and will upgrade in the morning! Put your shares up for sale at $4.01 in AH trading and I'll buy them right now.
Did you purchase at $4.74? I just don't see a distribution cut lower than $.25 and believe my purchases today will look very nice in the upcoming years. I know I stated earlier to you that we could trade a $1.00 below your $4.74 target on a distribution cut. I couldn't wait for that target though and started a position today. Should I be wrong and there's a suspension of the distribution, I'll have money waiting. Good Luck!
Another point against a dividend suspension is that fact that this company simply isn't leveraged as poorly as those companies that suspended their distributions to pay down debt.
Sorry for that omission, it was my main reasoning for starting a position at today's prices instead of waiting and hoping for a lower entry point.
Bottom line: This company isn't going to declare BK and you'll be very happy with any purchases at these levels or lower in the upcoming years.