The MLP index is down 2 points right now. Very strange day here as only a handfull of issues are up and those that are up showing gains in small fractions. Lots of 1 point plus losers as the MLPS mentioned before are on that list and we can now add EV Partners (EVEP), Holly Partners (HEP) and Hiland Holdings.(HPGP). Hiland LP (HLND) announced a distribution increase which is why the stock has had a nice run from 55 to 60 lately
Nat gas ran back to 6 bucks and looking to see if we can close above it in the last hour of trading there. Hurricane center mum on its 10:30 am outlook...no tropical storm developement expected in the next 48hrs. But disturbed weather continues in the southwest gulf of mexico.
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2 comments:
NOW is the time to buy NRP and TOO.
NOW is the time to get out of PAA.
Any comments on why Alerian MLP Index (AMZ) of 50 MLPs was down so significantly on Monday Aug-06, 2007? As much as 10% down midday but closed down 6%. Thoughts appreciated.
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