The tree-huggers are threatening civil disobedience in protest. Roll out the fire hoses and get the bolt cutters, boys.
My portfolio reminds me of a whack-a-mole game this week. Every day a stock or two get whacked and another one or few pop up to keep the collective value roughly the same. Set those limit orders!
Why do you say vm2484 is wrong? Record date is Dec 19, and ex-date, by definition, is record date minus two days to allow for transaction settlement..
Really? What are we supposed to watch? Earned $3 in distributions but lost $7 in principal since first units were issued in 2012, and monthly distribution amounts have been decreasing.
Record date indeed was the 19th. Fact you sold your shares may have thrown Scottrade for a loop. I would get after them until they credit rights to your account. Ask to speak to a manager or go to a branch office.
A company that can't decide if it's growing or shrinking makes an easy target for short sellers. The attacks by Bloomberg ("Seeks Partner for Canada LNG Project as Costs Balloon") and Reuters ("Inconsistent production growth and exposure to political risk") on the heels of the PR Newswire spilled blood in the water to attract the sharks.
Production is expected to be down 15% at the midpoint of 2014 guidance. Could be better or worse, but decent growth is forecast for subsequent years and anyone buying at $5 will be paid 4% to wait.
Take a page from the oil producers playbook? They're overproducing, too, saved only by the facts the Keystone XL South is being loaded and refiners, able to use crude as feedstock at a faster clip than natural gas, are exporting some of that overproduction as distillate products. That's what worries me about XCO's foray into the Eagle Ford: about the time they start pumping crude in earnest, there may be no place for it to go unless export restrictions are lifted.
As opposed to a long term hold, you usually can make a lot of money buying refiners in October/November and selling them in March/April. Seems counter-intuitive, considering increased product demand related to the the summer travel season, but what's actually happening is supplies tighten over the winter as refiners take units offline for turnarounds. Just something to note if you look at the charts, as ah673000 suggested.
As suggested to finalfor28 yesterday, you should sell your rights while you can and buy additional shares below $5. Only the most optimistic scenario offers a better outcome.