MASTER LIMITED PARTNERSHIPS

Friday, January 04, 2008

The MLP index is down 3 points but i have to tell you it doesn't feel like it. Losses seem to be concentrated in Oneok(OKS), Plains(PAA), and Energy Transfer Partners (ETP). We actually have a few winners like Atlas Pipeline (APL) up 50 cents and Atlas Holdings (AHD) up 80 cents. Hiland (HLND) is up nearly 1 point. Markwest (MWE) is up a fraction. Buckeye Partners and Buckeye Holdings have been going back and forth and are up as of this posting.

Odd day really.

2 comments:

Anonymous said...: Some very ugly moves out there:

WPZ -3.86%
SGLP -5.52%
PAA + SXL -2.50%

10 Year yield is 3.82%; 1/04/2008 3:25 PM
Anonymous said...: AHD is trading below where it was before the huge APL acquisition was announced. AHD is very undervalued.

I think this is b/c of liquidity issues related to AHD's recent unit issuance, which is similar to the issues LINE has been having related to its huge Dominion acquisition.

AHD significantly increased its float by issuing AHD units to buy some of the recently issued APL units issued in its recent acquisition.; 1/06/2008 1:38 AM