INTERESTING DAY AHEAD!
Well truthfully they all are interesting days; even during those watching paint dry moments. Crude Oil is straddling 124 with inventory numbers out at 10:30am. The overall market has been teetering on the edge with financials and their problems. Energy stocks have been selling off as we noted yesterday with a number of intraday reversals which are only relevant with followthrough. MLPS have actually been up over the last 2 days with relative outperformance. So as I said it should be another interesting day.
No corporate developements and no upgrades or downgrades on the list this morning. Natgas is down 10 cents and holding a 12 handle. So fasten seatbelts kids.
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8 comments:
Feels like someone is liquidating mlps today.
Gee...Perhaps Someone doesn't look at the fundamentals?
Not sure fundamentals ever matter with MLP's. They seem to always be "cheap"
MMP and MGG may be down due to a fire in their KC facility. These pullbacks are ususally short lived.
BPL getting taken to the woodshed today. Down over 3.50%.
I bought some.
Cant sell the MLP's fast enough today...
MLPs are a great way to earn tax-deferred income. If one gets price gains, its just gravy. Anyone who speculates on well-established MLPs is usually swimming upstream.
True.
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