Trade it, don't own it, 8.00 is good look for a run to 9 - 9.5. Watch SDT in the next year to see what SDR will do after the subordinate shares come off.
Fundamentally nothing has changed, PGH is in the show me mode, the verbage on LB was exactly the same as the last time. Ultimately it's all LB all the time. I'm sitting on my powder waiting for a little slippage on the buld-out then I'll snap some up. If it trades down to 6 - 6.25 I'll buy some for a trade.
You seem like a nice guy, but old SD is a " little she devil " be prepared
"Beyond these leading metrics, our appraisal program expanded our focus area to Sumner County, Kansas. Five wells drilled in the area produced an average 30-day IP of 601 .
per day, or 90% above year-end 2013 Type Curve. The new development area consists of 117,000 net acres, and we plan to drill 45 wells there in 2014"
Thats a very good 30 day IP..this looks very promising
10% off recent high..9% + yield...good starting pont..add in increments..I will reserve 25% of my postion for later in the year..just in case of a market correction..you know we are over 5 years out.
Bennett had to sell..orders from on high. Debt reduction.no way. They are trying to balance production and cap..I think debt is going to rise this year.
I'm with EZ
These trusts are manipulated because of the low Institutional ownership. They have been punching on them for a while. I think we are at a point were SDR will stabilize for at least the next year. What I find interesting, they come every so often and push it down 5 -7 % and then their gone to other targets, almost like a rotation. I've been on MVO, everytime in the last few weeks when the share value rises ten to twenty cent they come in and bang it down. My best guess is buy 4 - 6 weeks after payout and ride it into the div. I usally sell it week before. But I've noticed that the pattern always changes slightly.
Actually, your right !....I've noticed a few pattern changes. One being they put the hammer on these trusts at annocement date. Look at WHZ. By the way NDRO looking good..maybe the monthly div helps these oil and gas trusts.