Was just gonna congratulate you on reaching a close of $12.65 or above. We'll accept it without argument, right?
Off-topic---got word my cancer screening came out great and I'm now officially a survivor after a five year long question mark.
Thanks to all who've expressed their good wishes.
Back to business---
This is quite extraordinary seeing our favorite energy MLP rising in the immediate period following having gone ex-distribution. Typically an MLP's units will drop as much as one and a half times the amount of the payout on the day following going ex. Those who figured the CC is the reason probably hit it right. I think we need to add in that the yield is higher than should be for---as Shawn R. put it at Yahoo--- an MLP reliably paying quarter after quarter. Even $15 will have our yield at 10.5% which remains higher than you'll find as a rule---but I'm not greedy---and $15 is high enough for me for now. As for 10.5%---that's a fantastic piece of change for most any investor.
Tomorrow (Friday) is the DOR (Day of Reconciliation) and while anything can happen, I don't think we're going to be decimated this time around. Big money changing hands has probably had its day already and I think we're looking at a period of quieter consolidation beginning now. This is not to suggest there won't be minor ocean swells. But I do expect that for awhile we'll be seeing calmer seas and very few storms if any at all. We are in very good shape, and stronger than ever.
Sub-$13 units which can be had now may prove to be the lowest price at which one can add NGL units for the next several months. Numerous times in the past I've paid well more than that and I have no regrets as I'm viewing a standing gain of $92,200 with $17.300 coming in next week (distributions).
This has been an incredibly exciting journey for some of us, and certainly for me. The excitement is hardly over.
Good health---physical, financial and emotional---to everybody here!
