Well if you haven't sold yet you have lived to collect another distribution as a bunch of mlps go ex distribution today. Usually its the big boys that go first like Oneok (OKS). The mlp index last week closed not too far off the high for the week.
And there is some pre market reaction to earning as Enterprise (EPD) posts quarterly numbers that the early market traders liked. The stock is bidding up nearly 2 dollars in the pre market. Alliance Resource Partners (ARLP) also posts good numbers on earnings. Boardwalk (BWP) puts up earnings which include a 1 time gain. For some reason this morning none of the links to the news stories are available on Yahoo finance. Lovely isn't it.
No upgrades or downgrades this morning. Crude has just turned lower as stock futures have turned flat. Nat gas is a little higher.
Putting the chart of Eagle Rock (EROC) up this morning as it looks like not only the bottom is but there is room to rally here. Stock price looks like it wants to go higher.
Maybe we can get back to 20 one of these days.
joseph cioffi's Source Page - Associated Content
4 comments:
ARLP is going bonkers. It's up $1.83 on VERY impressive volume, but there's no news that I can see. Any idea what's going on?
More buyers than sellers -)
I've found that Google Finance is much more up to date on breaking news
Reading-tee-leaves
You're right, Google Finance had this release:
April 28, 2008, -- On the strength of record revenues and coal sales volumes, Alliance Resource Partners, L.P. reported increased EBITDA for the quarter ended March 31, 2008 (the "2008 Quarter"). Net income for the 2008 Quarter was lower, compared to net income for the quarter ended March 31, 2007 (the "2007 Quarter"), primarily due to the loss of synfuel-related benefits and higher depreciation, depletion and amortization resulting from capital expenditures associated with ARLP's growth initiatives. (For a definition of EBITDA and reconciliation to GAAP, please see the end of this release).
ARLP also announced that the Board of Directors of its managing general partner (the "Board") declared a quarterly cash distribution for the 2008 Quarter of $0.585 per unit (an annualized rate of $2.34 per unit), payable on May 15, 2008 to all unitholders of record as of the close of trading on May 8, 2008. Increases to ARLP's quarterly cash distribution to unitholders are generally considered by the Board at its January and July meetings.
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