Nothing encouraging out there overall. Small up moves in a few mlps. Eagle Rock (EROC) is getting 10 cents of upside on earnings. A few others are up slightly. Oil numbers are bearish and crude is selling off a whole dollar! I should have bought Thornburg again at 77 cents yesterday morning before the fed move. Its nearly back to 3!
MLPS are hopeless right now. I'm going bike riding.
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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4 comments:
There have to be levered MLP players that are blowing up. Absolute yield levels are back to where they were in early 2003. Where is value in the sector? 8%, 9%, 10%...any opinions out there?
Any news/info on EVEP, big drop today.
FWIW, I was 85% invested in MLP's early last year, dumped out around mid year. Yields were paltry then. IMHO, that should have been a clue to all. However, at today's yields, I'm back. Picked up CEP, BWP, EROC.GEL At these fire sale prices one is well paid to wait. Keep up the good work Joe. I certainly appreciate it. MLP Market is depressing but, its no better elsewhere, I can attest to that.
I agree. 8% or greater yields are good enough for me vs other options. Distribution increases will continue. I started buying earlier in the year (too early, obviously) but I am adding selectively down here.
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