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Thursday, July 20, 2006

First off let me correct my post from yesterday evening that KMP increased its distribution again...i mis-read the press release and my apologies...the distribution is steady from last quarter at 81 cents. The confusion comes in the comparison they make from same quarter a year ago and not the previous quarter. The market wasn't fooled as the stock is down nearly 1 dollar which is weighing on the AMZ MLP Index which is flat...down 11 cents. But most MLPS are flat to higher. The two companies which did boost distributions sharply higher are both....sharply higher by about 1 point in both cases...ONEOK LP (OKS) and Copano Energy (CPNO). Plains All American (PAA) Energy Transfer Equity (ETE) and Markwest Energy (MWE) also showing nice fractional gains.

2 comments:

Anonymous said...

MMG and MMP announced dist increases too...

joewxman said...

10-4..just posted links