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Thursday, April 24, 2008

Morgan Stanley is cutting Nustar (NS) to underweight and starting Markwest (MWE) at overweight.

10 comments:

Anonymous said...

This NS downgrade shows that Wall St is a gigantic fraud. What part of the NS data warrants a downgrade? I am long NS.

Anonymous said...

The price action in the MLP's is just atrocious. A few thousand shares for sale and something drops 2%. Its pathetic. Earnings and distributions look good, too bad that nobody gives a damn.

Anonymous said...

The E&Ps are breaking down. Record high prices for the underlying commodities and these things are in the cellar. Great use of capital...Would have been better to buy XOM, this sh*t is a waste of time.

joewxman said...

there are always those fabulous "shit" stocks like Potash, Mosaic, etc etc. We all certainly would have been better off knee deep...in shit shares.

You can't say that too often!

Anonymous said...

NS has 20% of its business in refining. Now I'm not sure if you guys are aware, but CLMT is the only pure-play refining stock. Any questions?

Anonymous said...

NS has 20% of its business in refining. Now I'm not sure if you guys are aware, but CLMT is the only pure-play refining stock. Any questions?

I have a question-What is your point?

joewxman said...

i think he is saying that only 20% of NS is exposed to the massive ball squeeze that CLMT has suffered which led to the distribution cut. Nustar is only 20% exposed to this.

Meanwhile Ray Jimmies cuts Calumet to underperform to market perform.

Gary said...

LGCY is holding its own today. Other than that, I am getting my ass kicked. Anybody have any thoughts about why BBEP is still dropping faster than most?

thanks

Anonymous said...

Where did all the LINE cheerleaders go?

Anonymous said...

I think NS is just going to pass on additional costs of the asphault (refining) business to the customer and they expect demand for that part of the business to be up 3 pct this yr. CLMT is experiencing reduced demand for some of their specialty products.