MASTER LIMITED PARTNERSHIPS

Wednesday, July 23, 2008

Energy stocks are rallying in here. I guess they got all sold out for now. MLP index down l point now.

3 comments:

Anonymous said...: Helene Meisler Thestreet.com
Utes
7/23/2008 11:23 AM EDT

Just a little note to point out that the Utes are not only not participating but are down pretty hard today. Clearly someone out there doesn't think dividend stocks are the place to be!

Sound familiar?; 7/23/2008 11:44 AM
Anonymous said...: I was listening to the XTO Energy (top-flight E&P company) quarterly earnings call yesterday, and the CEO of that company made a point that I think is very appropriate for this group. He said something to the effect that "The typical breed of investor in the market today is a product of the video game generation. They want to hit the "ON" button, see immediate results and hit the reset button if anything goes wrong for more than a few days." I think the long-term perspective of quality management teams is instructive to instant gratification-seeking investors like us in times like this. The best skippers have seen storms like this before, and have survived and thrived. We aren't even a full year into the MLP downturn that started after a FIVE YEAR uptrend. Who knows when we'll find a bottom? Nobody. And right now, we are in the process of probing our most recent bottom levels. However, quality MLPs are not going away. If SGLP freaked you out, then buy some EPD, EPE, PAA, KMP, KMR, ETP, ETE, TPP, EPB, SEP, or any of the other big-cap, blue-chip, stable, fee-based MLPs out there and avoid paying attention to your stock screen every day. Pipelines aren't going away, even if the marginal demand factors whip the unit prices around in the near term.; 7/23/2008 2:28 PM
Anonymous said...: Good post, Bud Heavy. But I have to tell you, as a long-term investor with a long-term perspective and one who works hard at tuning out all the static and white noise of the market, it's getting harder and harder to put my game-face on every day. And in my case, it's not just the MLP sector that's got me signing the blues, it's these moronic government interventionists (Bernanke, Paulson, Cox, et al) that are keeping our economy from "taking the cure." Thanks to Curley, Moe, and Larry, investing "logically" will get your head handed to you.

Blue in Houston...; 7/23/2008 2:50 PM

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