The drop today was massive since annual distributions will be cut from over 90 cents to 24 cents. Unless the price drops to $2.40 or lower (a 10% yield) it is no longer worth buying.

I'd heard rumors of a cut in distributins a couple of weeks ago and held off on buying it until management responded to one of my many emails. Since the never got back to me I was glad that I hadn't yet bought it.

As this drop continues to hit current unit owners and more sell in the coming days it may become a bargain, but it is still over priced relative to other energy trusts out there.

Cheers,

PW