RE:New investor, went big yesterday.The recent purchase was completed mostly with shares as Superior was not in a position to cover it with debt. Some of the holders of these new shares are cashing in and that is to be expected given it was a private firm. There is another large block of these new shares coming available later in the year, so the overhang of people wanting to sell some of these shares will continue into next winter. Also, M&B may dump more of their large holding because they would not like the constant dilution. M&B are a large European company which is trying to morph away from oil into greener energy plays. It is assumed they wanted to make an offer but I doubt the BOD had any interest in selling cheaply to them. If we get cold weather into autumn the stock may rally, but the current consensus is for a warm winter, hence some people will short strictly based on that. Holding a short position in a high paying dividend stock is a gamble given you have to cover the dividend and if the dividend does not get cut then the shorts may end up on the wrong side of the trade. Given that the consensus is for a warm winter, I would say, if you are contrarian, betting against the consensus is where the potential victory resides. Good luck.
s4l