Hope I can help calm your fears. If you have this for income you're doing the right thing. This decrease is knee-jerk to the price of crude. However VNR is mostly NG, and NG is rising. Soon the US will be exporting NG, and we are using more for power generation and transportation. In one year NG will be north of $4 IM cubic ft.). You may want to look at NTI for excellent income and capital gain. I have 11,000 shares of NTI.
Huge reduction on low volume today. Also over 3 million shares short. Is this just a case of "what goes up must come down?" Or does instant gratification Wall St. act like Q2, and dividend in August is, in market terms, one hundred years away?
It's not a given that increased higher fuel prices and increased sales will decrease the margin profit. Higher fuel prices may result in a decrease in non-fuel revenues and cash flow. However, oil will not be $100 for a long time. I was traveling in VA this past week and purchased 87 octane gasoline for $2.27. I purchased more TA at $15; a steal!!
Were up $26 million; margins on fuel were up over 30%. EBITA was up. All good news. Don't listen to wall street experts, they'll drive you crazy.
Buying more, and more on dips.
Revenues were down; of course they were down,THE FUEL WAS MUCH LESS EXPENSIVE. Wall street knee jerk reaction
Now we have to be patient and wait for the next quarter when revenues and profits will be UP, BECAUSE FUEL WILL BE MORE EXPENSIVE.