RE:DownThanks! Good news on reaching out to JN. Also I think the stop-loss triggers makes a lot of sense. This is a tough one to stop out of given the volumes are (currently) modest. It won't take much to adjsut that, however. *ah hem* Cash cow strategy. *ah hem*.
These guys are in such an enviable position to make this a stable stock. Nobody else in the industry has steasy and stable cash flows, other than RFP's power facilities (but they tend to use it internally). Pay that out and you'll see the wild ups and downs (well, downs) largely stop. Investors demand yeild if you can't provide growth. I certianly hope Ken isn't hatching something dumb. I think of the old SNL skit with Matt Foley the motivational spdeaker, where he spends all morning in the basement chewing cocoa leaves and drinking 2 pots of coffee then comes up like a lunatic. No, Ken, that's not what we we want. You are not growth any more buddy, you are now a boring yeild play that needs to pay a steady 25% (at these prices), which you can afford.
The kicker on the cash cow strategy is volatility is a blessing with a strady div. It's a curse when you are not paid to wait.
Matt Foley motivational speaker: https://www.youtube.com/watch?v=2dIN1Nxl1yQ