Very good day indeed...MLPS all up (with the odd exception) and the MLP INDEX was up 2 and change to 251.77. Nice fractional gains across the board. Crosstex (XTXI) holders enjoyed nearly a 4 point gain back to near 94. Valero LP closed near its high for the day as did many others in the group.
News after the close...Kinder Morgan Earnings were out with an 11% rise and a distribution increase again. Earlier in the day National Resource Partners increased its distribution by 3 cents. More news as it breaks this evening.
By the way Valero GP (VEH) dropped under the IPO price of 22 dollars today...down 50 cents to 21.50. Atlas Pipeline should hit anytime now.
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- 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:
Looks like Gil's right. No increase for KMP. Sold it a 3 or 4 months back since it looked like increases were gonna be small for a while, if they came at all.
Probably has some relation to KMI buyout too. Increasing KMP distribution may arguably make KMI more valuable.
whoops....you are indeed correct...my mis-read! And perhaps thats why the stock is down today!
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