Well i guess for now the answer to my headline question is no the rally is not going to stall out. We're up 1.50 on the MLP index and back over 330 while the 10 year has broken out above 4.90 and is sitting at 4.94. I'm not going to fight the tape so until proven otherwise we seem to heading back toward all time highs at 336.
Atlas Pipeline Partners (APL) is the big winner today as it is breaking out to new all time highs up 1.40 on volume. Holly Partners (HEP) Buckeye Holdings (BGH) are up over a buck. Fractional winners include Oneok LP (OKS) Crosstex LP (XTEX), Duke Midstream (DPM), K-Sea (KSP) and Teppco (TPP).
On the losers list Calumet LP (CLMT) Penn Virginia Holdings (PVG) are down fractionally but there are no outstanding losers out there.
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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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2 comments:
Joe,
I thought I read somewhere that APL was due to split on 5/15. It didn't. Does anyone have any new information on a possible APL split? Could that account for the spike or a possibly private buyout?
For the record, I own APL.
Max
you confused it with Atlas America (ATLS) which split 3-2
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