Tuesday, July 18, 2006
I almost hesitate to post this but is the endless death by a thousand cuts we've seen on Valero LP (UP 46 CENTS) and Atlas Pipeline Partners (UP 52 CENTS) finally over? Is the strength in MLPS today the beginning of a recession based rally and a long term interest rate peak and then decline? Lets hope! At some point investors have to realized that Valero LP and Atlas Pipeline Partners have both gotten very cheap in here. And the IPO overhang on Valero LP is over as VEH came public last week. Atlas's GP will price anytime now.
As for Holly Partners...Its in an area where it has paid to buy in the past as it tends to rally back to the lower 40s and usually pretty sharply.
I bought Crosstex LP (XTEX) back this afternoon after selling this morning...for trading purposes only.
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