I will have to look at other midstream companies to determine if this is an outside case for the industry. If it is systemic, then I might be seeing something similar with other names, ENB and PPL . Oil and Gas have done quite well in the last month and a half, so if the trend continues this will only be a pattern that does not manifest most likely.
Already have an order at about 20 for 25-30 shares, will monitor the situation and may adjust the order. The next week or two will let us know, overhead resistance remains at 24.30-50 where I would imagine distribution occurring until it is broken - in which case, possibly just buy in anticipation for "normalization" of the economy as the vaccine rolls out.
Have an order for 24 shares at 22.75 > which is technically below my cost basis so far, might just get it over with in the next couple of days if that price target is not hit. 8.21% yield is beyond healthy for my account. Ex-dividend is near the 21st, and probably best to buy on a downtrend while it is available.
> yes I am impatient...
TSX Money has it changing hands now at 23.59 > trading view without a premium add-on has a 15 minute delay.
Head and shoulders can still play out, but it can also be negated. Sometimes, you buy when you see a decent dip and let the chips fall where they may.