I guess like a lot of buyers wanting to buy here but not wanting to catch the falling knive.I still think lots of tax selling going on. till up till end of Dec. It seems every afternoon around 2pm large blocks are being sold dropping the price a lot. I think there is a good chance this will go in to the 11's before end of the month.Waiting here with finger on buy button. Awful hard to tell where bottom is.
I thought they might raise it too. The earnings report was all rosy and the coverage ratio was fine but no div increase? I think the market was a little disappointed too as for the price drop today when the market was up almost 200 pts.
I am getting worried about the oil tanker train fires. With the Keystone pipeline on hold most of the Canadian and baken oil has been moving by rail. This fire in western Alabama has no injuries and is burning in a rural area. They are just letting it burn out. the crash happened yesterday Friday. Obama would love a reason to stop anymore oil from being consumed. I think we will see more regs on train tanker oil movements.
Almost all high dividend stocks are down today due to higher yields on treasuries. 10 year treasury's yield way up today. Interests rates up today due to good employment report this morning. it is bringing back the scare of the fed. stopping there monthly bond buying .
Hard to believe but Surge Energy raises Dividend again to .52 cents a year per share. They also bought another oil field today.
GREAT NEWS http://finance.yahoo.com/news/surge-announces-two-high-quality-211200715.html Dividend will now be .50 cents annual per share or .04166 month per share.
Production is up too.prior month 70789 this month 74378 bls . Plus the price per bls was up prior month 93.66 current month $102.24 Great news for the trust!!!
The parent co. did not get 13.85 there dumping of 10 million shares on 9-27 and on Monday 9-28 was the start of this. They are still selling as they have over 12 million shares total to dump. the normal volume all through July and august averages under 50 k shares a day. Presently we are still averaging over 200k shares a day. plus others are now selling for fear of why this has dropped so much. Anytime you dump 12 million shares on a low volume stock this is what happens. I think this week should complete the parent companys big dump. Time will tell. !!!