Every so often someone emails or posts in the commment section about an MLP that i had no idea about. This one came to me yestereday and all i can say about it is...why did you not find this sooner!
Terra Nitrogen LP is the greatest MLP story never told. Its up 4 fold since last summer and has a nearly 8% yield. Here is the company profile from Yahoo.
Terra Nitrogen Company, L.P., through its subsidiary, Terra Nitrogen, Limited Partnership, engages in the production and distribution of nitrogen fertilizer products for use in agricultural and industrial markets. Its nitrogen product includes anhydrous ammonia, a form of nitrogen fertilizer and the feedstock for the production of other nitrogen fertilizers, such as urea ammonium nitrate solutions (UAN). Terra also produces UAN by combining urea solution and ammonium nitrate solution. Terra Nitrogen GP, Inc. serves as the general partner of the company. It sells its products primarily in the Central and Southern Plains and Corn Belt regions of the United States. Terra�s customers include dealers, national farm retail chains, distributors, and other fertilizer producers and traders. The company was founded in 1991 and is based in Sioux City, Iowa.
Not bad for a "shitty" company.
Okay now for morning news and we have earnings from last night as Copano (CPNO) posted numbers. This morning Inergy Holdings reports earnigns as their numbers rise. Constellation Energy Partners (CEP) also puts up numbers for the quarter. Headlines only on the other 2 and as links arrive to the news stories i will post them.
No upgrades or downgrades this morning so far. MLPS look like they may mount an assault on Last Monday's top rather than trade down to support lines. Yesterday's announcment of Mr Duncan taking stakes in ETE and TPP is certainly a statement that someone thinks these companies are good investments for the long haul...and that some of them may still be cheap.
Stock futures are a little soft ahead of the fed today...energy complex is mixed this morning but moves are small on either side of unchanged.
joseph cioffi's Source Page - Associated Content
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