Crude oil in blow off mode here up nearly 4 dollars and almost to 133. MLPS up nearly 2 on the index. Most mlps are higher. No one point winners but we have strong fractional gains in a host of issue including Nustar (NS), Hiland (HLND) Cheniere (CQP) EV Partners (EVEP) Duncan Partners (DEP), Inergy Holdings (NRGP) Oneok (OKS) Natural Resource Partner (NRP) Targa Resource (NGLS) among others.
A few losers but nothing noteworthy. Holly (HEP) and DCP Midstream (DPM) are down small fractions.
Fed minutes will probably wag the dog at 2pm so fasten seatbelts.
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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.
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5 comments:
Crude markets are in contango. Good for crude storage MLP's...
I am suprised there is no comment on presenters at conference in NYC
With crude up so much today, how is it that DUG increased in price by over 2%? I thought it was designed to move twice as much in the opposite direction. What am I missing?
DUG traded 45 MILLION shares and ended up 70 cents! Where's the logic here? I thought this was an "ultrashort" stock on oil.
Carlos
DUG is weighted by many of the stocks in the osx and xoi, not crude oil
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