Honest to God it should be against the law for these congressional windbags to be allowed to speak...(accept for Jim Bunning who gets to the point)...that said the MLP index is flat right now but there are some 1 point plus winners in Global Partners (GLP) EV Partners (EVEP), Holly Partners (HEP), Constellation Partners (CEP) and Terra Nitrogen (TNH)
Natural Resource (NRP) is down 84 cents and is the biggest loser but most other losers are just shedding small fractions and nothing news driven. Kinder Morgan(KMP) is flat on its earnings and distribution increase.
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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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5 comments:
Joe - I love to see the upward move by EVEP, but it seems like it's getting ahead of itself again. All depends on how much the Permian purchase increases the distribution. At today's $44, it presumes a quarterly increase from 50 cents (pre-announced already) to 66 cents to yield 6%. Assuming 5% yield, it would only need to increase to 55 cents.
Your thoughts?
I have to tell you...so far the market has gotten it right with this one. Meanwhile LINN Energy should be over 40 based on its pre-announced distribution increase and it sits at 37. Go figure.
What do you view as the par yield for the E&P group?
fyi
There was a distribution hike today from PAA (Plains All American Pipeline).
The average yield on midstream mlps is currently 5.3. Upstream mlps have better distribution growth prospects, given their relatively smaller size and a frothy m&a market. So I could see their yield being lower
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