EV PARTNERS BUYS ASSETS
ENTERPRISE HIKES DISTRIBUTION
We have some deal news this morning on E V Partners(EVEP) which had been trading over 40 dollars recently and now we know why. The company is making an asset purchase that is immediately accretive and will bring another boost in the distribution by the forth quarter but the company does not say by how much. Still it will be a mover today. Chart shows this stock is breakout out and beginning another upleg.
In distribution news Enterprise Products Partners (EPD) and holdings (EPE) announced boosts in their distribution. Also last night Oneok Partners (OKS) boosts their distribution to an even dollar from 99 cents. Btw leftover from last Friday was Teppco (TPP) which announced its distribution.
Later today we will get earnings from Kinder Morgan Partners (KMP) due out after the close. And others will follow tomorrow and Friday. Subprime is the focus this morning by the market which is driving the 10 year rate down to 5.03%. Also the last few days its been tech tech tech and Intel will probably drive some money out of there this morning so we benefit today from firm energy and a flight to quality. Nat gas is up 8 cents, crude is higher by 23 cents and sitting around 74 bucks. No upgrades or downgrades so far but the morning is young.
We have some deal news this morning on E V Partners(EVEP) which had been trading over 40 dollars recently and now we know why. The company is making an asset purchase that is immediately accretive and will bring another boost in the distribution by the forth quarter but the company does not say by how much. Still it will be a mover today. Chart shows this stock is breakout out and beginning another upleg.
In distribution news Enterprise Products Partners (EPD) and holdings (EPE) announced boosts in their distribution. Also last night Oneok Partners (OKS) boosts their distribution to an even dollar from 99 cents. Btw leftover from last Friday was Teppco (TPP) which announced its distribution.
Later today we will get earnings from Kinder Morgan Partners (KMP) due out after the close. And others will follow tomorrow and Friday. Subprime is the focus this morning by the market which is driving the 10 year rate down to 5.03%. Also the last few days its been tech tech tech and Intel will probably drive some money out of there this morning so we benefit today from firm energy and a flight to quality. Nat gas is up 8 cents, crude is higher by 23 cents and sitting around 74 bucks. No upgrades or downgrades so far but the morning is young.
Still long the UNG ETF and the volitility has been great as long as you time the buys and sells with the moves in nat gas. 6.30 held yet again yesterday after dropping from 6.50 to 6.24. Its up 7 cents in electronic trading this morning. Looking for some upside today.
joseph cioffi's Source Page - Associated Content
No comments:
Post a Comment