Good Tuesday Morning!
Big energy stocks are leading the way down this morning with the XOI opening down 15 bucks on the back of oil yesterday being down 2 dollars and down another dollar today. So crude oil sits just above 60 bucks...nat gas is in the toilet down 12 cents. MLPS open down with the index off nearly 1 point. EX-Dis tribution today is Energy Transfer Partners and EX-Dividend is Energy Transfer Equity...both are down. Also down were yesteday's bigger winners like Oneok LP and Holly Partners but nothing tragic.
Nothing going on news wise or in the upgrade or downgrade department so we start week...we'll see what the trading day brings us!
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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.
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1 comment:
Joe: Not to nitpick, but isn't ETE a LP and theirs is also a distribution rather than a dividend? It might confuse some people who dont want to get into the tax hassle of LPs.
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