Actually coming to grips with the fact that we are up now 3 days in a row. Opened higher..sold off...found a bottom and now near the highs of the day up 1 and change on the mlp index. Penn Virginia Resource (PVR) and Suburban Propane (SPH) are up 1 and some change. Nice fractional gains in MLPS like E V Partners (EVEP) Natural Resource (NRP) Constellation Partners (CEP) Oneok LP (OKS) and Sunoco Logistics (SXL).
Breitburn (BBEP) is down 1 and some change as the biggest loser. Buckeye Holdings (BGH) and DCP Midstream (DPM) are down about 1 each. Fractional losers in Penn Virginia Holdings (PVG) Linn Energy (LINE) Regency (RGNC) and Atlas Pipeline Partners (APL).
Subscribe to:
Post Comments (Atom)
2 comments:
PHILADELPHIA, PA -- (MARKET WIRE) -- 01/28/08 --
Atlas Pipeline Holdings, L.P. (NYSE: AHD) ("Atlas Holdings"), which owns the general partner interest and approximately 5.5 million common limited partner units in Atlas Pipeline Partners, L.P. (NYSE: APL) ("APL"), reported today that it has declared a record quarterly cash distribution for the fourth quarter 2007 of $0.34 per common limited partner unit. This $0.34 per common limited partner unit distribution is payable Tuesday, February 19, 2008 to holders of record as of Thursday, February 7, 2008. This quarter's distribution of $0.34 per common limited partner unit represents an approximate 36% increase over the fourth quarter 2006 distribution of $0.25 per common limited partner unit.
Disturbing trend in MLP's. Announce a large distribution increase and watch your shares sink...
Post a Comment