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Wednesday, October 31, 2007

After the close Oneok Partners (OKS) released earnings which beat the street and the company raised guidance again. Also Penn Virginia Holdings (PVG) issued earnings which looked good although PVG sold off at the close by 2 points. Could be end of quarter nonsense. And Penn Virginia Resources (PVR) put record numbers out as well.

The MLP index closed up 1.62 and is now clearly above the breakout point. Looks like we could be making an end of year run back toward 340.

1 comment:

Anonymous said...

Also, K-Sea Trans Partners L.P. announced strong earnings while also increasing the distribution.