A nice rally underway with MLPS near the 332 level and up 1.68 on the day although off its high. Terra Nitrogen is up 4. Duke Midstream is up 2. Holly Partners is up 1. Fractional plus signs in a large group of issues including Global Partners(GLP),Nustar(NS), Spectra Partners (SEP) Hiland LP and GP (HLND,HPGP), Williams Partners (WPZ),Buckeye (BPL) and Sunoco Logistics (SXL).
EV Partners is down fractionally along with Martin Midstream (MMLP), Energy Transfer Equity (ETE), and Nustar Holdings (NSH).
More end of quarter nonsense for the afternoon.
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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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3 comments:
Rangel and Levin have introduced legislation to tax partnerships at 35% as you probably know. What, in your opinion, will happen to MLPs if this bill is passed?
Thanks
Rip
that legislation is grandstanding and will never pass. even if it did it will be vetoed!
The legislation is pointed to private equity and not mlps.
The legislation only applies to MLPs that derive their income from financial operations. Energy MLPs are exempt.
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