Dynagas LNG Partners LP (DLNG)

[dude iligence]

I think pressure is building for NG to breakout above the $2.08ish level. I'm holding UGAZ. I bought and recommended DLNG at $9.2s 19 trading days ago, then alerted the second breakout on the 200ma at $11-$11.3s Now DLNG is $14.7s up 60%. Why did you wait so long? Lets look at the chart



Big gap up off the 200ma with no retest of the 200ma is what jumps out at me. If this was the first time I saw this chart I'd be thinking risk vs reward. DLNG right now is trying to build a base at $14.5. 5 days and move on the 5th or 6th day. Will it move up or pull back toward the 200ma. Last night they announce the quarterly .42 dividend payable on 12 May to shareholders of record on May 5. That can be a positive going into May 5th. The stock price will adjust down by the percent of dividend on May 12th.

https://finance.yahoo.com/news/dynagas-lng-partners-lp-announces-200500520.html

I like DLNG going fwd but I own it at $9.2s not $14.7. If you buy it now it could potentially pull back toward the 200ma and you wouldn't like it as much or it could break higher. The risk is greater at this level vs the reward than it was at 9 or $11. You will have to decide.