TGE - Tallgrass Energy: Why I Sold

Last December I wrote a bullish Seeking Alpha article on Tallgrass Energy LP (TGE) suggesting the 8.7% yield supported by two high-quality pipeline assets was very attractive. The fact that TGE had previously eliminated the IDRs and had transitioned to a dividend-paying corporation (no K-1) also were cited as positive developments. Finally, CEO David Dehaemers had recently purchased 20,000 shares of TGE at an average price of $20.52. It seemed like a good time to get into an undervalued stock. As the chart below shows, it was:

Source: Yahoo Finance

The units are