July 1, 2013 8:09 AM | 1 min read
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
New Source Energy Partners L.P. (NYSE: NSLP) (the “Partnership” or “New Source”) today announced that production of several wells located in the Golden Lane Field was taken offline in June, for approximately ten days due to flooding caused by recent storms in Oklahoma. As a result, management is adjusting production guidance to a level of 3,700 Boe/d for the second quarter of 2013 from the prior guidance range of 3,900 Boe/d to 4,100 Boe/d. Production is currently returning to normal levels. In addition, New Source announced today that the Board of Directors of the general partner has approved the increased second quarter 2013 distribution of $0.55 per unit, or $2.20 per year on an annualized basis, for all outstanding units. The prior minimum quarterly distribution was $0.525 per unit, or $2.10 on an annualized basis. Management maintains their recommendation that the Board of Directors of the general partner also increase the third quarter 2013 distribution to $0.575 per unit, or $2.30 per year on an annualized basis, for all outstanding units.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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