Evolve Transition Infrastructure LP (SNMP)

[jugs]

A couple of weeks ago I mentioned that I was waiting for a meaningful pullback. Today was exactly that, given today's 700 point rout in the DOW. However, miracle of miracles---our pet---subject of this board---performed incredibly well.

I'll take it, of course. But I'm still watching for a drop large enough to justify adding to my current position.

I'm not able to explain today's rise other than to speculate that a lot of investors know (as do I) that Sanchez deserves a higher valuation and eventually, operating numbers will sidle up to smart expectations and all will be happy in the land of good & plenty. Meanwhile, the air is far from clear and when there's a notable lack of visibility, this boy clutches his purse tightly.

Happy hunting people---but I hope you'll remain patient as there's no reason to nervously anticipate changes in valuation---at least not now when the market is so terribly uncertain.