Subscribe to:
Post Comments (Atom)
a blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS and the day to day news related to the group...along with perhaps a few other things...as long as the conversation is kept civil. Although i have no problem telling you what i am doing regarding my trades...PLEASE DON'T ASK ME WHAT YOU SHOULD DO REGARDING WHETHER TO BUY, SELL OR SHORT!!! i am not in the stock business.
2 comments:
Joe,
Wheels coming off TPP! Looks like a big 50,000 share buy and some other smaller ones. Chart looks like the stock fell off a cliff. BTW, you probably saw I left a message for "coalhandluke2" re:his "S&P upgrade" for TPP which turned out to be non-existent, so far. He never replied.
I think he was trying to pump.
On tuesday S&P did upgrade Holly Energy Partners based on valuation
LP Units Of Holly Energy Partners (HEP ): Ups to 3 STARS (hold) from 2 STARS (sell)
Analyst: Royal Shepard
Our upgrade is based on valuation, as Holly Energy Partners's units have declined 8% in price since mid-November, when its largest customer Holly Corp. announced a temporary production cut during a repair at its Navajo refinery. The LP confirms that the facility is back on line and we expect only a minor impact on fourth quarter results. We have lowered our 2005 earnings per unit estimate by 2 cents to $1.72, but are keeping 2006's at $2.00. Our 12-month target price is unchanged at $39.
Found that on the HEP yahoo board. As per TPP it is down at its MAY 04 low on the chart...and that low on one day was down in the 34's. Looks climactic here but then again i though 37 was the floor.
Post a Comment