MLPS CONTINUE IN TIGHT RANGE SHORT TERM

NOT SO GOOD EARNIGNS FROM

CONSTELLATION ENERGY PARTNERS?

OTHERWISE ITS QUIET!

We've been in a tight range in the last 5 days on the AMZ MLP index bordered by 299.50 on the top side and 297.50 on the bottom side. We should break one way or the other soon. 10 year rates dropped big time yesterday to 4.72% right now. So at least from that angle we have support.

Thursday brings us earnings from Constellation Energy (CEP) which were down. This is the first earnings report since coming public for this company and the press release says the earnings were in line with company expectations. I would like to see the DCF number here. I'll post if i find it. If anyone sees that number please post it in the comment section. There is some stock offered below yesterday's close. Meanwhile in reaction to good earnings yesterday Natural Resource Partners (NRP) was re-affirmed by Friedman Billings at outperform although it lowered its price target by 3 dollars.


Not much is happening this morning. Distribution checks from some MLPS hit the accounts yesterday and more will be hitting today and tomorrow so enjoy your income! The open approaches so we sit and wait patiently for any developements!

BTW in case anyone is interested the CBOE begins trading options in Boardwalk Partners (BWP) today.