I have owned this many times in the past, and I suspect you will be posting the same comment at $12, at $11, and perhaps even at $10+change in the next few months. Production falling to subordination levels is not a good thing.
Welllll...if the world continues to putter along and the US continues to pump out oil and gas - why exactly would either be higher? Article just came out saying US production increases will cover worldwide demand increases for the next five years. No price increases at all in that scenario.
I have posted on many mlp threads. I originally intended to hold this long term but the weakness this week convinced me it would again test its lows in the coming months so I'd best sell and perhaps buy it back later.
Pretty good deal at $10 and change, not so much at $13. Lost tons on the way down from $20 but doubled up just under $12. Still behind, but will buy back my shares at $10 and change in a few months and maybe get even.
I think that's true in the very short term - but once SDT is fully drilled and SDR is still adding wells, I would say the game changes. Unless SDR stays very gassy, but fingers crossed that isn't the case