LOOKING FOR 290
The repair job continues and this morning we have a boost from Kinder Morgan (KMP) as posted last night with great earnings and a nice 4 cent distribution hike. Stock is bid higher pre-open. And for Linn Energy (LINE) today is "anal" ist day so we'll see if they have anything earth shattering to say with regards to their asset sale to XTO and its impact on the company and the distribution going foward.
Yesterday we had a nice 3 point gain on a nice move on the dow +250. 290 is where the old base was before the March breakdown so i'm looking for another shot to get back there.
The action is certainly encouraging.
No headlines this morning and no upgrades or downgrades so far.
joseph cioffi's Source Page - Associated Content
5 comments:
LINE has got to be the worst friggin MLP on the planet.
second worst...constellation (CEP) is the worst!
actually CQP is officially the worst
agreed...mgmt not doing a good job of supporting the stock. the should be squeezing the hedgies that are toying with this but they just sit back and watch value slip away. seems like line is a buy at 19 and a sell at 23.
Calumet (CLMT) has really collapsed hard and is another on the most hated mlp list.
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