Took a position in LIN Energy (LINE). I think the chart looks okay. The company seems to be doing all the right things including growing the distribution. Trying for a trade to 25.
Meanwhile MLPS continue to be determined to make it a nice up close. The index is up .75 and at the high of the day. Nice fractional gains as Markwest rears its head above 50. Nice fractional gains in a host of issues.
joseph cioffi's Source Page - Associated Content
2 comments:
LINE is over 95% hedged at $75 oil and $8.5 to $9 natgas through 2008. Over half of 2009 is hedged also.
The whole group is moving up so at the very least it should outperform. The hedging at higher prices bodes well. Most of these companies are good at protecting themselves
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