Oil has started trading again after the weekend pause. As soon as it started trading, it plunged to $14.55 from last week's $17-$18 range, but then recovered slightly.
At this time, 10:30 PM Central time, it is at $15.28, down $3 from Friday's close.
I will hold off buying KYN Monday until I see how the stock reacts to oil's drop.
On March 18, KYN dropped to $1.00 a share, but that was during the coronavirus panic selling when all stocks were being sold. Still, it could drop from here. I Will wait to see if I can get in at a better price, or see if the stock shrugs off oil's price drop.
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