ENTERPRISE AND DUNCAN PARTNERS
POST RECORD EARNIGNS
How does 1 billion dollars in cash flow sound? Well those are the numbers that Enterprise (EPD) is posting this morning. And Dan Duncan has his hand in Duncan Partners (DEP) and they too post record earnings this morning. Kind of re-enforces the idea that this business is doing fine right now in spite of all the market turmoil. Meanwhile speaking of time Linn Energy (LINE) has yet to announce its distribution for the quarter. Last quarter they did it on 10/17 so we are 11 days late here. Of course the speculation here by some posters has been that Linn may not boost to 2.62 annual as promised. I have also posed that question. The company as recently as a couple of weeks ago re-stated the intention to hike. I still the the stock price discounts no hike so if we go to 2.62 we see shares rally.
There are no other news items in the group this morning that i could find and no upgrades or downgrades. So its a Monday morning after what was a very wild week where we traded down to 275 on the mlp index and actually closed higher on the week at over 291. Resistence on the charts continues to sit around 294-297.
joseph cioffi's Source Page - Associated Content
4 comments:
See the positive mention of Kinder Morgan and Enterprise Products on page 27 of Barron's on Saturday.
Is line waiting to close the acquisition to announce the distribution increase? Michael Linn has confirmed on numerous occasions the boards intention to approve the distribution increase and he is the chairman...
According to the Linn investor relations department, I was informed that the Linn board is meeting tomorrow (Tuesday) and Wednesday. We should hear this week regarding the distribution amount.
Atlas Pipeline Partners, L.P. Declares Record Quarterly Distribution of $0.93 per Common Limited Partner Unit for the Fourth Quarter 2007
PHILADELPHIA, PA, Jan 28, 2008 (MARKET WIRE via COMTEX News Network) -- Atlas Pipeline Partners, L.P. (NYSE: APL) (the "Partnership") reported today that it has declared a record quarterly cash distribution for the fourth quarter 2007 of $0.93 per common limited partner unit, payable Thursday, February 14, 2008 to holders of record as of Thursday, February 7, 2008. This quarter's distribution of $0.93 per common limited partner unit represents an approximate 8% increase over the fourth quarter 2006 distribution of $0.86 per common limited partner unit.
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