OIL down...Big energy stocks down...MLPS down. All makes sense. The overall market is doing nothing much as it pulls back and forth in here in a tight range.
Atlas Energy (ATN) is down 1.65 as the biggest loser. Kinder Morgan (KMP)is down 1. Calumet (CLMT) and Plains All American (PAA) are down major fractions. Nustar (NS) and Atlas Pipeline (APL) are down and Nustar is back under 50.
Holly Partners (HEP) is up nearly 1 as the second biggest winner but there are not many others on that last. DCP Midstream (DPM) is up 44 cents. Exterran Partners (EXLP) is up over 2 dollars as the biggest standout.
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- 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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2 comments:
Old habits die hard...MLP's back to their old wily ways...
Here is what I am thinking...
Oil is down a couple of percentage points to $128. LGCY is down 3 percent. However, LGCY is hedged at around oil = $100. They can easily cover the distribution no matter what oil does. Therefore, the more LGCY drops, the more attractive it is. Help me out here, am I missing something?
Thanks
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