NATURAL GAS FALLING THROUGH THE FLOOR
DISTRIBUTION BOOSTS AND OTHER MONDAY MORNING ACTION
No deals on the board this morning for any MLPS but we do have a few things going on. Some board room changes at Enterprise (EPD,EPE) and we have Martin Midstream (MMLP) boosting its payout by 2 cents. Energy Transfer Partners (ETP) secures a new round of credit. No idea what they are going to do with it but if past is prologue they are not going to stand still with it. RBC Capital Markets is upgrading Eagle Rock Partners (EROC) to buy from market perform following Raymond James move last Thursday. Natural gas meanwhile is down nearly 30 cents this morning as there is no heat, no hurricanes and no reason to buy. I am slowly building another trading position here. I'm hoping now we can keep the 6 handle.
No other action this morning so we'll bring on the open.
joseph cioffi's Source Page - Associated Content
2 comments:
Do you trade UNG exclusivey for your natural gas trades? What does UNG's present price equate to?
Doesn't seem like a lot of downside risk...may pick some up.
it seems like it moves 1 dollar for every 15 cents. Actually the stock moves percentage wise at the same rate as the nat gas contract
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