Dow chart in a very important place here. Looks like a break here takes us to 13,100 rather quickly. The mlp index is holding up better but we're at the lows of the day here.
Some big losses today in EV Partners(EVEP), Brietburn (BBEP) Plains All American (PAA) and Hiland (HLND); all down about 2 points each. Oneok LP (OKS) is up 1 as they continue to benefit from the good earnings and guidance.
Looks like the last hour could see an implosion. Who wants to be long on a Friday?
joseph cioffi's Source Page - Associated Content
2 comments:
joe
do u know y the sell offs on evep and bbep today
anything related to tax legislation or eand p activity
your comments appreciated
truly enjoy your site
The only news item i saw on BBEP was a filing that they completed their quick silver purchase. I did not read through it to see if they issued shares which may have been sold or arbitraged or whatever.
EVEP i think sold off finally today as it held up much better than other mlps. I don't think this had anything to do with so-called tax legislation. That story has been out there for months and of no consequence imho.
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