INERGY EARNINGS ARE OUT...LOOKING GOOD!
MLP INDEX NEARING 300 LEVEL
Wednesday gets underway with earnings from Inergy LP and Inergy Holdings which look good and they affirm 2007 guidance. Also left from yesterday US Shipping Partners reported earnings. Looks like most MLPS are done now with earnings and distributions although we do have a few others to look foward to like Crosstex and Duke Midstream which come out later in the month.
The energy complex is ujp this morning as oil makes another run for resistence at 60 dollars. The ten year continues to see yields drop from 4.90%...now at 4.76%. Stock futures are higher and btw the S&P index is 5% away from an all time high. But we in MLP land are already in all time high territory and still no signs of a top.
In upgrades and downgrades it's quiet this morning a day after A G Edwards did a knife job on several MLPS.
Another day begins as we near 300 on the MLP index and we could possibly do it today if we have a very good day. At some point this group has to pull back and consolidate but there is no indication of when this will happen.
15 minutes until the open...we'll work through that and the oil inventory numbers at 10:30am.
MLP INDEX NEARING 300 LEVEL
Wednesday gets underway with earnings from Inergy LP and Inergy Holdings which look good and they affirm 2007 guidance. Also left from yesterday US Shipping Partners reported earnings. Looks like most MLPS are done now with earnings and distributions although we do have a few others to look foward to like Crosstex and Duke Midstream which come out later in the month.
The energy complex is ujp this morning as oil makes another run for resistence at 60 dollars. The ten year continues to see yields drop from 4.90%...now at 4.76%. Stock futures are higher and btw the S&P index is 5% away from an all time high. But we in MLP land are already in all time high territory and still no signs of a top.
In upgrades and downgrades it's quiet this morning a day after A G Edwards did a knife job on several MLPS.
Another day begins as we near 300 on the MLP index and we could possibly do it today if we have a very good day. At some point this group has to pull back and consolidate but there is no indication of when this will happen.
15 minutes until the open...we'll work through that and the oil inventory numbers at 10:30am.
joseph cioffi's Source Page - Associated Content
2 comments:
TPP transition is done. Semi-blowout #'s reported. Should be a marker for movement forward now.
doing real well today. If these guys ever start raising the distribution again it will go to 50 pretty quick.
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