MASTER LIMITED PARTNERSHIPS

Wednesday, July 23, 2008

BTW its getting very ugly among big energy stocks. The Double Short Oil and gas is up over 2 dollars as the DJ Oil and Gas Index is down 23 points or 3.6%. These big indexes are down 20% or more from their highs. Seemed impossible a month ago.

11 comments:

Anonymous said...: When are we going to get some relief? This is unbearable...; 7/23/2008 3:19 PM
Anonymous said...: "When are we going to get some relief? This is unbearable..."

Why????

Are you not getting your distributions? Are they not, in fact, increasing?

If you are a trader then, yes, it must be unbearable. But if you are an investor who is holding MLPs for the long haul, then just sit back, enjoy the income and ignore the unit price changes. Perhaps you could even buy more of your favorite MLP's at bargain prices and sky-high yields. I have.

I am starting to think that former Senator Gramm was right.

Bruce Sherman
Oakland, Oregon; 7/23/2008 3:25 PM
Anonymous said...: Everyone keeps talking about the long haul, but what about the opportunity costs of waiting things out? Buying BPL, ETP, MMP, WPZ, NS, APL, etc and watching it drop 10, 20, 30% or more in a short period of time is lost money today. Waiting several years just to break even isn't really an investment philosophy. Distributions are good, but not destroying your principal is important also.

MLP's have been a horrible investment over the last 12 months, that is just a simple fact.; 7/23/2008 3:36 PM
Anonymous said...: I agree. Buy ETP and watch it drop 25%, but you get an 8% distribution. Wow that is exciting!

PAA rolling over again...
ETP ditto...

Chumps buying retail 100 and 500 lots are meaningless against the selling onslaught out there.; 7/23/2008 3:42 PM
Anonymous said...: At least HEP is finally getting an uptick, that thing went from 46 to 29 in a straight line.; 7/23/2008 3:47 PM
Anonymous said...: Earnings release schedule

7-24 EPD EPE DEP
7-25 NS NSH
7-28 BWP
7-29 TPP EEP HEP
7-30 BPL BGH OSP

Mr. P; 7/23/2008 3:50 PM
Anonymous said...: in the long run. i'll be dead. sell MLPs and buy banks for the next 30 days. MLPs will not work until more get taken private - too much supply and not enough leverage available. 3-4 biggest buyers of MLPs already blew up.

dead money (excuse me - you will get 8-10% yields) for at least 3-4 years depending on when we get some slack in credit markets.

if u must own mlps, seek out the not so liquid names which will be sources of cash. I own AHD and others.; 7/23/2008 4:03 PM
Anonymous said...: Bruce is right-it's not fun but far from unbearable. And don't give me opportunity cost complaints; if it takes 5 years and you finally get even, you got paid very nicely to wait. And to the guy who said to dump MLP's and buy banks for the next 30 days: I'm sure you were selling banks and buying oil last week.; 7/23/2008 4:11 PM
Anonymous said...: Bruce is dead-nuts on.; 7/23/2008 5:33 PM
Anonymous said...: I'm buying MLPs with 9 pct+ yields, like XTEX, HEP, MMLP and KSP etc. and I plan on making out well. I'm not looking backwards, I'm looking ahead to solid distribution growth and an eventual recovery in share price. I'll also be looking at ETP, PAA, DPM, HLND, MWE and buying on weakness.; 7/23/2008 7:21 PM
Anonymous said...: Heck, I'm buying the 9%+ stuff on margin. It's my carry trade. (I pay 4% @ Fido). I already had a ton of them. Just send me the (increasing) payout checks. Beats by miles, the alternatives.

rrcbenjy; 7/23/2008 8:36 PM