MASTER LIMITED PARTNERSHIPS

Friday, January 18, 2008

MLPS are getting thrown out the window right now which in the pecking order of what to sell..remember we are last on the list. When you've sold everything else and have nothing left you get to MLPS. Penn Virgina (PVG) is down nearly 2 as is Holly Partners (HEP). 1 point plus losers include Energy Transfer (ETP), Magellan (MMP) Breitburn(BBEP) Hiland (HLND) Hiland Holdings (HPGP)Buckeye (BPL) and on and on.

Hey Kinder Morgan (KMP)is up albeit 6 cents.

Look for 12,000 to go and take everything else with it.

13 comments:

Anonymous said...: Joe,

Let's do a poll of posters.

Are you doing the following:

Buying?

Selling?

Nothing?; 1/18/2008 1:22 PM
Anonymous said...: OK. I've done one buy so far today.

DS; 1/18/2008 1:26 PM
Anonymous said...: selling losers but buying some of the more stable names. I think that we will go lower, but closer to a bottom and a year from now we should be back to normal valuations.; 1/18/2008 1:28 PM
Anonymous said...: I'm buying though the tape looks horrific. I've been searching for a reason behind the selling. One thing I found is that some of the major holders of the MLPs I own include Citibank and Merrill. Considering that both these companies recently sold convertibles to foreigners at rates above what these MLPs pay I wonder if they're unloading some shares to free up more capital.; 1/18/2008 2:33 PM
Anonymous said...: nibbling a little at some of the small cap MLPs that have been taken out behind the bleachers and had the crap beat of of them by the gang members; 1/18/2008 2:52 PM
joewxman said...: i did move some money around. But now i'm spent up and need for a reversal.

added to EVEP..sold BWP

added to PVG...

otherwise at the sideline bar and grill.; 1/18/2008 2:55 PM
Anonymous said...: Just a butt ugly day for MLP's...; 1/18/2008 4:00 PM
Anonymous said...: I'm standing firm. If I had money to buy I would. Interest rates are only headed down and yields are way up. I'm sticking with distribution growers. Should get me through just fine.; 1/18/2008 4:45 PM
Anonymous said...: I have got so used to seeing the price of my MLPs going down. That I'm actually hoping they stay down, tell we get are return of capital income. So can buy more at the good payout ratio.; 1/18/2008 5:55 PM
Gary said...: So far I have been holding....
On one hand, the more the prices drop, the more it makes me want to buy. On the other hand, the more the prices drop, the more I wish that I had waited for a better opportunity to buy. Does anyone have an opinion about how badly a recession would hurt pipeline MLPs?; 1/18/2008 7:03 PM
Anonymous said...: Added some to my SEP position, looking to start a EPB position at some point. Also holding MMP and DCP, with all the selling in both, still up 30% and 45% respectively. SEP down 15%. Currently, all three pay me 4k/month with a lot of distribution upside remaining. As long as the fundamentals are intact, I am not selling because somebody else is. I did not buy them because somebody else did, I bought because I believed and still believe they have long term value. That’s my take.

ROS; 1/18/2008 7:09 PM
Anonymous said...: I started buying MLPs in early 2006 and got fully invested during the August crash. I intend to hold at least 10 years and probably a whole lot longer. I DRIP every last one of my dozen MLPs and applaud the market implosion -- I hope prices stay low for the next round of distributions coming up soon.

When you buy a non-dividend paying ticker symbol, the market could potentially take the price anywhere -- there is no inherent value. Earnings? So what? What does that do for me if I don't get a cut? This is not the case with an MLP paying a fat distribution from the revenue stream every quarter. The company's stated priority is to make that distribution even fatter the next quarter. When yields start nudging 7% and higher, I just cannot see anything but an insane bargain. Let the market do what it wants -- people who sell these things so cheaply are stupid, but I'm not about to get in their way.; 1/19/2008 12:54 AM
Anonymous said...: holding
nrgy
apl
edp
kmp
uss
eroc
line
etp
holdind with some cash to invest if and when they go lower.
thought these would preform better
Lou; 1/19/2008 10:00 AM