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Thursday, March 13, 2008

MLPS continue to fall as the index hits news lows on the day down over 3 points. It feels like someone is unwinding a large position..maybe a hedge fund...maybe Carlyle? Who knows.

2 comments:

Anonymous said...

March 12, 2008-DCP Midstream Partners, LP (NYSE: DPM) (the "Partnership") today announced that it has priced an underwritten public offering of 4,250,000 of its common units representing limited partner interests at $32.44 per unit.

24 hours later it's $29.00. $14,620,000 wiped out. That will really help build investor trust in the sector.

joewxman said...

its at the point of being hilarious!