Well so far...how wrong was i on the selloff...crude is actually rallying from 126 low and is now almost flat. But will it hold? Overall market hanging on to a small gain but financials are selling off. MLPS are slightly lower. Nustar (NS,NSH) put out guidance for the quarter and the market likes it enough to add fractions.
Oil is even as i type. Big energy has turned higher...at least for now.
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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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7 comments:
Joe-
It doesn't matter. Oil up/Oil down...MLP's down...
Look at MMLP. Down 3.50% on 12,000 shares. What a joke.
MLP = Must Love Pain
One really can't follow these stocks day by day. AFAIC, they pay off high tax deferred income-to the tune of 14%(at my avg price) for CEP . At that yield, I'm really not expecting much of a price appreciation.
reading -tee -leaves
i thought we were setting up for a real ugly day but so far...not overally ugly.
I don't understand all the anonymous posters who insist on bashing this sector while providing no specific commentary or analysis that anyone could find useful (beyond non-specific,negative rants). If I wanted to read stuff like this, I would read the posts on Yahoo.
MLP's are long-term investments in which a significant portion of the total return will be dividends/return of capital.
If you really believe that MLP's are such lousy long-term investments, just sell your units (assuming that you actually own any) and be done with it.
Bruce Sherman
Oakland, Oregon
Bruce,
I wish we could get constructive dialogue going on this blog. I have tried many times, but most posts go unanswered. This leaves me to believe that there are very few posters with any real knowledge of the asset class.
Mr. Pipes
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