ONE DAY CLOSER TO YEAR END
Looks like yesterday's reversal is trying to build this morning in the overall market albeit slowly. MLPS finished flat yesterday after being up 1 and then down 1. We have some news leftover from last night as Energy Transfer Equity (ETE) is announcing a 4 month distribution as they rework their fiscal calendar. Not much else going on this morning. New issue Quest Energy Partners (QELP) is getting outperform nods from Wachovia, RBC and Friedman Billings while Steifel Nicholas starts it with a buy.
I'm not going to read anything into yesterday's action and prefer now to let it all just play out. Day to day its torture sometimes watching all this but longer term...lots of gifts out there!
joseph cioffi's Source Page - Associated Content
8 comments:
I have been buying MWE and CPNO. Anyone else nibbling at anything?
I think MWE is great, but I am already overweight in it. I have been buying DEP and LINE.
Bruce
APL, TLP, TGP, SGLP, TPP & PAA.
I also bought SRV which is a closed end fund trading at a 17% discount to its underlying holdings. It holds 90% MLP's.
DS
I'm pretty much all-in now. Been buying MGG, KSP, and EXLP in the latest crush.
Bought EROC today. Couldn't resist at current prices.
Bruce
I bought some Penn Virginia Holdings (PVG) i'm already maxed out on EROC and LINE. If i get some cash freed up i would like to buy Buckeye Holdings (BGH).
BTW Eagle Rock is yielding 11% in here. Ridiculous.
VNR is also ridiculous as well
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