MASTER LIMITED PARTNERSHIPS

Tuesday, October 02, 2007

Some selling in the final 30 minutes but we are still managing to hold above the intraday low. Constellation Energy (CEP) is down 4 and change..no news...DCP Midstream (DPM) down 2 and change,Genesis (GEL) down 2 and change. Linn Energy (LINE) ,Williams (WPZ), Calumet (CLMT) and Breitburn (BBEP) down 1 or more.

Lots of volume in some of these today...well above normal...so somebody is blowing out their portfolio. Linn Energy (LINE) has a going foward yield now of 8.6%...almost 4 above the 10 year.

Duncan Energy Partners (DEP) is up 66 cents and is one of today's few winners. The MLP index is at 292.64 down just under 2 points as of this post. 20 minutes to go.

7 comments:

Anonymous said...: The trading in MLP shares looks healthier today vs. the past week. The buying/selling is much more balanced. We may be close to a near-term bottom.; 10/02/2007 3:57 PM
joewxman said...: i'm getting the feeling that we are indeed close. Held the morning low today and it looks like they tried to put in some sort of trading bottom.

You know its bad when homebuilders are doing better than you short term!; 10/02/2007 4:05 PM
Anonymous said...: I appreciate the blog, thanks.

Do you know where I can get historical data on yield of a basket of representative MLPs?; 10/02/2007 4:44 PM
joewxman said...: not sure...historical data on individual mlps? I think you can find that on each corporate web site. I'll look around,; 10/02/2007 5:29 PM
Anonymous said...: Joe & Mr. Anonymous:
The absolute best charting on MLPs I've seen comes from "factoids" at:

http://home.flash.net/~factoids/fact4/m0506.htm

You want them...he's got them!
Carlos; 10/02/2007 7:49 PM
joewxman said...: forgot..factoids does have great stuff..link on the blogroll; 10/02/2007 10:30 PM
Anonymous said...: www.alerian.com shows a basket of mlps with historical yield on the basket; 10/03/2007 9:27 AM