Holly Partners announces a distribution boost of one cent...which of course is one more cent in our pockets!
On the backs of a $2.50 gain in crude and a $.70 (10%) gain in nat gas and MLPS are moving higher. The MLP index is up 1.62 and pretty much unwinds yesterday's decline. Most MLPS are either near or just off their highs of the day...even the losing ranks are thining out. Copano which was down 1 early is now nearly flat and others are just down pennies. Martin Midstream is the lone standout loser down nearly 1 dollar.
Crosstex LP (XTEX) got an underperform rating from Credit Suisse and it has actually been up most of today..right now down just a nickle.
I would imagine that baring a disaster MLPS will rally into the close.
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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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6 comments:
Looking at a sea of blue, Joe.
No entry points today.
Carlos
no. I did manage to sell off XTEX at the high this morning and bought the shares back just off the low. I also bit the bullet and bought EVEP at 23.80.
The whole group is up...and its always hard to buy that way.
Really gutsy -- or clarevoyant -- of you on the EVEP pick up. Thought you were holding on for 30.63 -- 34 day mov av.
Carlos
Disregard last comment. Got my signals mixed up with the LINE price.
I have a buy set at 33 for EVEP. Will wait & see if it happens.
C.,
you got your numbers crossed a second time...on EVEP did you mean 23?
I decided to bite the bullet on EVEP when it issued the guidance for 07. I think i might move toward 25 tomorrow...at least i hope so!
Thans for the corection...I think I hit the wrong key. Interesting comment about EVEP. Will have to revise strategy ASAP.
Good luck tomorrow!
C.
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