Probably because of the defensive nature of MLPS we find that they tend to go sideways or down on big stock market up days....and today is one of those days...any losses seemed to be contained...any gains however seemed to be capped.
Barring any shocking developements in the next few minutes...we'll blog later.
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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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Another one goes down at TPP!
TEPPCO Partners, L.P. Announces Retirement of Senior Vice President and General Counsel
HOUSTON--(BUSINESS WIRE)--Jan. 27, 2006--TEPPCO Partners, L.P. (NYSE:TPP) announced today that James C. Ruth has elected to retire as senior vice president, general counsel and secretary of Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P., effective Feb. 28, 2006.
"I would like to take this opportunity to thank Jim for his dedication and leadership to TEPPCO during his 36 years of service. His contribution in helping form the Partnership in 1990, along with his unwavering commitment and counsel have been invaluable," said Lee W. Marshall, Sr., acting chief executive officer of the general partner of TEPPCO. "On behalf of the Partnership, we wish Jim all the best in the future."
What d'you think, Joe? Another shot for Duncan to place one of his guys in!
no doubt...stock is holding up well...should have been sold off after going x-dis but wasn't.
earnings will be key
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