I keep waiting for this dis-connect to occur between big energy and mlps and they (mlps) are down but holding up better than the XOI index which continues to try and stand near 1040. Oneok LP is up 1.60 which is probably giving the MLP Index an upward bias. And speaking of Oneok I though i'd get cute and by its biggest shareholder TCLP hoping that it would bounce with OKS. So far...how wrong was I?
Waiting for the last hour as we head into the weekend.
adbrite ads
mystic monk coffee
investment strategy tips
joseph cioffi's Source Page - Associated Content
http://www.associatedcontent.comuser/505733/joseph_cioffi.html
joseph cioffi's Source Page - Associated Contenthttp://www.associatedcontent.comuser/505733/joseph_cioffi.html
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.
FEEDS AND OTHER BLOGS
seal of approval
OTHER INFORMATION
OTHER INFORMATION
2 comments:
Wow that is one of the dumbest things I have ever heard. TCLP is not a unitholder of OKS. TCLP owns a 50% interest in the NB Pipeline, whilst the other 50% is owned by OKS. TCLP used to own 30%, but increased their ownership of the NB system when OKE bought TRP's interest in NBPs GP. Duh. Anyway. The NB received an unfavorable rate case. This impacts TCLP more than OKS because as a percentage of assets/cashflows the NB system is much bigger relative to TCLP than OKS. Therefore, bad news at NB is worse for TCLP while good news for OKS not related to NB has no impact on TCLP. Wow.
Well since i bought for a trade and the stock is higher than where i payed for it, i sold out with no harm done.
i'm only human...despite rumours to the contrary!
Post a Comment