Bullboard - Stock Discussion Forum Kayne Anderson Energy Infrastructure Fund Inc KYN

Kayne Anderson Energy Infrastructure Fund, Inc. is a non-diversified, closed-end management investment company. The Company's investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. Its investment objective is to invest at least 80% of its total assets in the securities of energy infrastructure companies. The Company... see more

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Kayne Anderson Energy Infrastructure Fund Inc > Oil price plumeting over night

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Post by stargazer1 on Apr 19, 2020 11:40pm

Oil price plumeting over night

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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