Wednesday, December 12, 2007
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- 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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7 comments:
Who has 4m of LINE to sell?!?! Everyone except Quantum and Michael Linn are sitting on restricted paper....
Lehman
GS
GPS
Quantum
Michael Linn
With 38 million units that will be registered soon, why would any other institution want to buy ahead of that supply?
Line is trading in line with CQP and FGP, both 0% growers. I don't see institutional holders blowing out once the shares become registered. All but one of the PIPES are heavily underwater. We are now trading near IPO price.
My bet is Quantum is now fully out of line which should be a positive for everyone.
Agree with 12:26 poster. I think the LINE's performance has put the nail in the PIPEs' coffin for now. The discount for future PIPEs will be prohibitively large, esp. for the E&Ps.
6 million shares of volume on LINE!
It looks like the stock market is giving the FED a vote of no- confidence.
the whole e&p mlp group is trading out of whack with fundamentals. QELP is yielding 11% with 1.4x coverage and good distribution growth potential...FGP is at 9% yield with no growth...
Problem is the mlp sector suffers from low liquidity, where fundamentals take a backseat to technical pressure from institutional investors and hedge funds
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