Considering Nustar told us weeks ago they were going to have a record quarter, it should be no surprise to see a 7% increase in the distribution to 1.07. And for the GP holders (NSH) a 19% increase is announced this morning.
Looks like the dow opens up 350. Where we go from there is anyone's guess but they like the government plan to buy perferred shares in banks among other things.
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2 comments:
This price action is insane.
Nahhh, not insane, guys with a calculator who can figure out the return even if dividends dont grow.
Panic selling gives way to opportunistic buying. It has ever been so.
GM
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