Was finally able to access the Linn press release. 2 items of note. DCF ratio was 1.09 vs 1.04 and 2nd quarter coverage guidance is 1.23. Could mean a distribution increase in q2? Looks to me like the drivers are here for higher prices...but then again i'm already long here.
Earnings out from Suburban Propane this morning and they continue to roll along with good numbers. BTW scroll down to last night's post with more earnings news that broke after the close yesteday.
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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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7 comments:
CEP back to MLP purgatory...
CEP! Market open 15 mins and it's down 5%.
Glory!
oh but cep is now back to unchanged
praise
I'm on the CEP call.
Highlights:
Net Asset Value of CEP $ 27.61
DCF $ 8,761M
Adj EBITDA $17,511M
Mr. Pipes
There seems to be a "gameable" trend in MLP's. Ignorant idiots who sell every MLP earnings release regardless of whether the report is good or bad.
Witness this morning: MMLP, SGLP, CEP, etc. There are clearly traders who feel that they "have" to trade the news.
Interesting comment.
I sifted through several of the earnings releases this am and I don't see anything which should lead one to sell any of these with a 2+% loss from yesterday's close.
But hey it's their money and if they want to burn it...
Mr. Pipes
GLP is the biggest mover on my list today...quarterly earnings were released:
http://biz.yahoo.com/bw/080508/20080508005668.html
I guess there were enough folks who liked this...despite the fact that they did not increase the distribution! Presumably already priced in.
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