CPI numbers have turned 10 year yields down. This takes away an important negative against the group. 4.50 has held so far.
Crude and Nat Gas down sharply but EXXON is not down much in the pre-market.
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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4 comments:
Joe,
I'll let you deal with the "questioner"...in the meantime TPP just declared a $.675 div, same all, same all.
Joe,
XTEX under $35 sounds either like a phenomenal deal or a precursor of bad things to follow. I wonder if the recently reiterated projections to the low $50s still stand?
Norman Guy,
MLPS tend to trade about 2-3 points above the 10 year yield. So for example if the 10 year is 4.50 as it is right now...then you should expect your MLP to yield between 6.5 and 7.5%. Those that yield lower are probabaly growing distributions faster so the market affords them a premium. Why they trade like proxies for the bond market at that spread is debatable. Pehaps its due to the soiled reputation of MLPS in the 80s when many were scams.
Printeam...yea same ole shit with Teppco. No wonder its been sideways to down. As for Crosstex i hope this is just the last shakeout before a healthy bounce. I can't believe there is something else out there thay we don't know about. This correction has been painful!
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