Thursday, April 27, 2006
Good Morning!
Its Thursday and we have National Resource Partners and the Crosstex Pair going ex distribution this morning. Its a prorated distribution for new issue Regency Resource Partners (RGNC) for shareholders; thats the only piece of corporate news so far this morning. No upgrades or downgrades so far.
Exxon Mobil earnings are out at 8am....get ready for all the political blowhards to blow their windbags!
Copano Energy has had a great run as the stock has doubled from its IPO last year. And why not since distributions have soared to its current 60 cents a share/2.40 annual. Stock broke out from its base a few weeks ago and continues to make 52 week highs. At a 5% yield going foward it is trading at the bottom of the yield range of the group. Chart suggests it has more upside but i am growing a little cautious in here.
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