There was a trade of 301k shares and schwab, td, and yahoo have the close at 22.50. Even if it is option related that should wake up the 1.7 million short share owners. It should be interesting on Monday morning at the open.
Eventhough someone had to buy the 300k last Friday for options reasons. They bought back the 300k and eliminated all of the sell orders until 22.50. Is that assumption correct?
I have added today as well.At some point distributions going up and stock price will reflect it. Linn issue will resolve as well. If they want to pay me over 10% until then as a distribution , I will have to take it and wait.
It would seem as if all of the sell orders were filled until 22.50 from a week ago Friday. Is that the reason why yesterdays small volume can lift this easily?
Baird is behind on the news. Reactive not proactive. Over 1 million shares today, and we will eventually be up to the 70-75 cents distribution in 2-3 quarters.
If ARP doesn't announce anything in the next 2 days we should be OK. APL will likely increase by 1 cent just to keep increasing the distribution.
Unfortunately they announced today but I am not sure that increasing the distribution without paying ATLS is so terrible for ARP. Unfortunately ATLS royalties will suffer for a while and the price might reflect that tomorrow. Neither APL or ATLS will be paying royalties for a least 6 months.