A sea of green this morning with the MLP index up a bit over 1 point and we have Hiland LP up 2.05 (its one trade of 100 shares at that price) and Markwest Energy up 1 and change to 57. A whole host of issues with fractional gains. One or two losers down pennies.
Crosstex (XTXI) was down over 3 at one point on the the 3 for 1 stock split news. I've been wondering whether we can't take out 100 on this is a sign that we're in one of those basing periods again that could last awhile. If it is the case we could see this break down below 90 at some point before breaking out over 100. Food for thought here.
The Oppenheimer move this morning is boosting Enterprise (EPE) up 40 cents but it has done nothing for Energy Transfer Equity (ETE) which is down 2 cents on the buy recommendation.
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- 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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3 comments:
I thought xtxi's problem was another yorktowne distribution.
i've seen no evidence of a recent yorktown distribution...there was one not too long ago and they usually go once a quarter.
meanwhile there was an insider sale today which is not always meaningful information.
http://www.sec.gov/Archives/edgar/data/1209821/000120919106060641/xslF345X02/bod40876_bod5bhl.xml
Isn't this a link to a Yorktown IV and Yorktown V distribution, I think it is but I'm not sure.
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