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Tuesday, March 04, 2008

RBC UPGRADES CROSSTEX
E V PARTNERS GUIDANCE



Crosstex Energy Partners (XTEX) has been moving higher since its earnings last week. And RBC Capital Markets likes what it sees and upgrades back to sector perform from underperform. This is coming on what will be a down open so i'm not sure what impact it will have on the price. Also Lehman is keeping Copano (CPNO) at oveweight although it lowers the target price.

EV Partners announced 2008 guidance and it is a mystery as t whether this is the first time we are seeing guidiance or if it is an increase or decrease. I guess we'll find our in an hour and a half. Market is very soft this morning but i go back to yesterday and the retest theory. Most of the TV people are predicted a re-test failure or a new leg down. I'm agnostic but hopeful that we're carving out some sort of bottom. MLPS of course continue going sideways. Nat gas is up a few pennies again this morning.

3 comments:

Anonymous said...

Joe,

What services do you use to get info as to when MLPs release earnings, when news comes out, etc? It seems like you never miss a significant event or a story. Do you subscribe to all 80 websites' email alerts?

Anonymous said...

MLP's can only hide for so long before the realities of the economic mess we are in cathces up to us. We will have yield support, but I wouldn't expect to bank any capital gains.

joewxman said...

i have dow jones news wire among so many others which gives me a leg up on stuff. Yahoo finance is usually pretty good and on top of things.

BTW sometimes stuff does fall through the cracks and you guys seem to come through with whatever i miss.