The weight of falling ten year rates and rising energy is offsetting the sell off in stocks. The dow is down over 110 pts but the MLP index which was down 1 earlier has been sitting near unchanged for the last hour and a half. EV Partners is up 1.59 as the biggest winner on its asset purchase. Duke Midstream(DPM), Buckeye Holdings(BGH), and Martin Midstream (MMLP) all up a point or more. Eagle Rock (EROC), Terra Nitrogen (TNH) Alliance Holdings (AHGP), Teppco (TPP) and Holly Partners (HEP) all up fractionally.
Downside major fractions in Plains All American(PAA) Natural Resource (NRP) Constellation (CEP) Genesis (GEL), Enbridge Energy Partners (EEP) and Sunoco Logistics (SXL) among others.
We'll see if the market selloff accelerates and if that takes its toll on energy which is solidly higher.
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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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4 comments:
Joe,
New to MLP's - understand the concept (80%+) and would like to begin my search for entry points to a few MLP's. Risk/reward is a concern. Can you point me in the right direction re: MLP's to consider?
Rudeman
anyone know whats happening with pvg? pvr hasnt moved.
Rudeman, I personally like MWE, Xtxi, and HLND.
try and focus on the ones that have grown their distributions quarter after quarter. They have outperformed over the long haul. Also look at the DCF (distributable cash flow)..it should be over 1x...if you can find the ones that are 1.2x or higher..even better!
Thanks Joe,
With the market at these levels does it make any sense entering a position at this time?
Do you fuss w/Reits? ie: AFN CRZ DFR?
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