Friday, February 08, 2008
Maybe its because its a Friday. Tape seems quiet; almost eerie. MLPS up 1.50 pts on the index at 296. Most MLPS are up or down fractions. Kinder Morgan (KMP) and Energy Transfer (ETP) are up major fractions as the big winner. Penn Virginia Holdings (PVG) down about 1 point as the biggest loser. No news drivers today. US Shipping down a fraction and 11 and change on the distribution news...they are paying one. Williams (WPZ) Breitburn (BBEP) and Markwest (MWE) down fractions. Markwest getting ready to close its merger with Markwest Hydrocarbon.
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joseph cioffi's Source Page - Associated Content
2 comments:
Does anyone here really believe the Alerian Index reflects reality? Its meaningless in my opinion.
The big cap mlps have the biggest weightings. Its down 20% from its high and if it wasn't for Kinder Morgan and Enterprise which are the 2 highweights..the index would be much lower.
That said..other heavyweights in there include Nustar, Energy Transfer (ETP) and Plains (PAA) which are all well off their 52 week highs.
Is it perfect...no but it does an adequete job.
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