RE:What is causing this to drop??The excuse of rising interest rates and tariffs on steel to sell and short the pipelines down is way overdone now. As usual the lemmings pile in and over do it. A + 10% drop in share price over a quarter point interest rate hike and a tariff on steel that won't even materialize probably.
The short interest is now reducing at this level and we have seen a few days where they cover at the open and the share price spikes. Though I am not happy to see it down here but long term we are fine and one only has to look at a longer term chart to see this as the company continues to expand and grow increasing earnings and dividends. Have some spare cash to buy at these levels and waiting for one more test of the bottom to deploy. N3