The mlp index is down 1.40 and sitting at 287. Oneok LP (OKS) and Holly Partners (HEP) are the 2 biggest losers today down over 1 point each. D Sunoco Logistics (SXL) Penn Virginia Holdings (PVG) Regency (RGNC) and DCP Midstream (DPM) are down major fractions.
Winners are a handful and nothing really impressive except for Atlas Pipeline Partners (APL) which is up 1 after completing its offering. Linn Energy (LINE) and Legacy (LGCY) are still benefiting from the Cramer Mad Money goose as they are up fractions. So are the Alliance's (ARLP,AHGP).
Crude down 2 bucks on China raising gasoline prices. If they can't at least prick the bubble on this news to start some sort of correction back to say......130 ( i don't ask for much) then in my view God must be long.
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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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3 comments:
I have been looking at MLP's recently and have been investing in the roycans for a couple of years. I found Linn energy by poking around on the internet and now see that Cramer has recommended it. How do other people feel about its long term potential, is the management really that smart? Also Oil is dipping today based on China's statement that they were going to raise the price of gas domestically. I am a little skeptical as they are have not usually followed through on anything that could slow their economy.
Linn seems to be doing all the right things by paring down debt as they sell off some assets. The private equity selling is over so i think the path of least resistence here is higher.
As per china. Isn't it intersting they do this on a weekend with the oil meeting and the fed meeting next week. Coincidence?
They have some intelligent posters on Yahoo Finance LINE website. Worth while to take a peek
Reading tee leaves
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