News after the close. Kinder Morgan Partners (KMP) comes out with earnings and increases its distribution by 2 cents. Billy joe on the the YAHOO KMP BOARD is probably disecting the earnings and will soon tell us that the fraud continues and that a collapse is imminent! Also Copano Energy (CPNO) boosts its distribution...Legacy Reserves (LGCY) does the same by a penny. Semgroup Energy Partners priced its ipo last night at 22 bucks which was above the range and began trading today...closing at 29.
The MLP index closed up .39 and sits just under 340. Natual gas rallied to 6.527 at the close and is up another 5 cents in electronic trading. Sold my UNG this afternoon at a profit making it 4 for 4. Inventory numbers are out tomorrow and if they sell em down in reaction to them i may re-enter.
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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:
Nice to see KMP return to the almost quarterly dividend increases after the hiatus around the privitization of KMI.
Kinder is one of my heroes taking a sleepy pipeline Enron didn't want and building and modernizing the mpls space.
Billy is the antithesis of that!!
Thanks again, Joe for your wonderful space.
v
you're welcome!
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