Good Morning.
Some goings on this morning at Northern Borders Partners who were supposed to issue earnings last night but waited till this morning. Looks like the company beat by a nickle..71 cents vs expectations of 66 cents. I'm waiting for the full business wire story and will post the link when it comes. Meanwhile ONEOK is selling 3 billion in assets to Northern Borders Partners. This is significant because they have done nothing but sit on their hands until now. The question is whether the assets will help NBP resume distribution growth. Conference call has been delayed until 12:30pm. Stay tuned.
Crude and Natural gas are up a touch this morning...Crude now under 60 bucks. S&P futures down slightly. No other breaking corporate news or headlines at this time.
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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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2 comments:
Ok, so new FED chairman projects low core inflation for the next TWO YEARS. MLP's distribution increases far outpace inflation.
Seeing a nice bump today, but these should be trading closer to the 10 year yield than a corporate bond.
Me thinks MLP's are on sale!
we agree...and the northern borders deal and some of these growers yielding 8%+ its time to back up the truck
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