Thursday, March 29, 2007
Sorry for the shorter posts but double shifts are killing me this week and typing and thinking becomes a chore. Linn Energy (LINE) earnings had some issues in it but thanks to this poster for the conference call synopsis. Stock is down 1.25 after a brief move higher at the open. Crosstex LP (XTEX) anal-ist meeting today. They probably didn't knock the cover off the ball judging by the stock action down 54 cents. Still no disaster either and the stock has run from 33-34 in the last few days to nearly 37 so some sell the news mentality here. The mlp index is up all of 2 cents right now and the group is split in half between losers and gainers.Markwest Hydrocarbon (MWP) is up 2 and change and Natural Resource (NRP) is up a dollar as today's big winners.
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joseph cioffi's Source Page - Associated Content
5 comments:
Like you bought EVEP at 23. The run up is a little scary; your thoughts
Re: EVEP, I cannot find a 10-Q quarterly report since Nov 2006, which reported results for the quarter ending 9/30/06.
Am I missing something??
- EVEP increases quarterly distribution to 50 cents per unit
- EVEP announces it has closed previously announced acquisition of Monroe Field
- EVEP sets April 2 to announce 2006 4th Qtr results (this answers my previous question regarding no quarterly results reported since November - I still wonder why they have delayed reporting for 3 full months???)
http://ir.evenergypartners.com/releaseDetail.cfm?ReleaseID=235947
http://biz.yahoo.com/bw/070329/20070329005980.html?.v=1
Slight correction from EVEP regarding earnings announcement - results will be release on Monday, April 2 after market close;
Conference call to discuss results scheduled for Tuesday, Apr. 3 at 10:30 a.m. Eastern Time.
steve...at 35 the stock is now fairly valued based on a 2.00 distribution annual...yielding 5.7% which is in line with mlps that have grown their distributions. All things being equal i took profits in my trading position in the lower 30s. Still no sign of a top overall but i am waiting for some sort of correction. Sometimes they take a long time to have one.
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