I think the trust said that the majority of the capital expense was to come in the forth quarter. The last time they declared the capital expense (second quarter) the dividend was cut in half. I assume the capital announcement will be made in the next press release (probably late this week or early next week) which will drop the stock even further. What am I missing?
I have a few natural gas stocks, one a trust, and none is dropping like this. Got me completely baffled. I understand the equity sale @13.85 but why the continued decline. What has changed? No clue. And there seems to be no bottom in sight. I guess i will go down with the ship. I tried to average down but that didn't work. Just more losses. Can someone give me a reliable reason for the continued decline. I know when it was in the fifteens it could vacillate 70 - .80 cents but it would always recover near the ex-div date. I guess will just have to wait and see. I have average down to about 13.50. Of course wish I had waited.