This morning at the open Regency Partners dropped nearly 5 points to 21.88 and quickly rebounded to 26 and change. No news. Somebody dropped a big block of shares. Thats the only thing I saw. So if you laddered an order under the moving averages you got a gift.
Meanwhile mostly higher prices on MLPS this afternoon. Nothing particularly stands out so we may be in Friday slow mode for the rest of the day.
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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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2 comments:
Have a question. Lets say there is a company trading on the pinks who owns another company that is incorporated. And within that company is a LLC. If the primary pink wants to create a MLP, would they convert the inc company or just start a MLP from scrath. Either way would the shareholders of the pink then get "units" from the MLP AND get an increase in "their" pps since people will buy the pink to get the units? This is all confusing to me. Thanks in advance.
my question...is there a company on the pink sheets?
First off i'm not a tax account or a cpa or an attorney so i would get my guess checked by an expert. I would think that the parent a would group the oil and gas assets and then they could do a tax free spin off as a dividend...or they could offer it as a ipo and get the cash (see DUKE ENERGY for examples of both.)
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