Constellation Energy Partners (CEP) has fallen back into a sink hole. Its sort watching someone trying to climb a rope covered in oil. Its down to 17.60 and has given back about 1/2 of its recovery. At least Linn Energy (LINE) has held its bounce back to around 23.
MLPS as a whole not doing too much. The index is flat but there are some big movers out there. Cheniere LP (CQP) is up another 1.23 and leads the list of winners. Sunoco Logistics (SXL) is up nearly 1 on earnings.
1 point losers include Atlas Pipeline (APL) and Hiland LP (HLND) although that one is on thin volume and could easily close up later today. Fractional losers; Magellan (MMP) on the Goldman downgrade, Crosstex (XTEX) DCP Midstream (DPM) and a few others.
adbrite ads
mystic monk coffee
investment strategy tips
joseph cioffi's Source Page - Associated Content
http://www.associatedcontent.comuser/505733/joseph_cioffi.html
joseph cioffi's Source Page - Associated Contenthttp://www.associatedcontent.comuser/505733/joseph_cioffi.html
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.
FEEDS AND OTHER BLOGS
seal of approval
OTHER INFORMATION
OTHER INFORMATION
4 comments:
Any opinions on what is going on with BBEP today? It is down over 3% and I can't find any news.
thanks!
People need to stop with the "buy on open" orders. Look at todays chart on SXL. Some imbecile paid 54.00 for a stock now trading at 51.00. Stop donating your money to wall street.
Looks like the E&P's are back in the doghouse. The higher the underlying commodities go, the more the stocks drop. Truly a frustrating bag of garbage to carry.
Pathetic price action in MLP's today. Distro increases and good earnings are not a catalyst for a rally. Any idea as to what does get these turds to float?
Post a Comment