Calumet Specialty Products (which i sold in the 50s) is down nearly 2 points and with an 18 handle. No news on 70k shares. I'm not sure what is going on here. Atlas Energy Resources (ATN) boosts its distribution by 2 cents.
Dead cat bounces in Cheniere LNG (CPQ,LNG) which are both up a buck right now. Otherwise the mlp index is up 1 point and off its highs as Nustar (NS) gives the index a boost up 1.52.
Otherwise its a snooze fest.
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5 comments:
AHD announces big distribution increase. APL announces increase.
MLPs are holding up pretty well against the broader market today.
High oil price is impacting CLMT. I don't know what their hedges are... Does anyone if they've hedged themselves ?
being that calumet is on the refining end of the game they have to be getting squeezed very hard as oil just keeps going higher and higher...hit just shy of 120 today.
if the day comes that oil actually goes down..then calumet could be an energy stock that goes up. But we all know that oil can never go down ever again.
Why isn't anyone screaming from the rooftops about AHD's 26% quarter-over-quarter distribution increase?
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