MASTER LIMITED PARTNERSHIPS

Wednesday, July 02, 2008

Fascinating afternoon as they are shooting all coal stocks including coal mlps like Alliance (ARLP,AHGP) which are both down sharply. And big energy is now selling off sharply. But mlps are up over a point on the index as Plains continues to lead the way higher up nearly 2 points. Looks like MLPS are responding to financials doing better today while the shit stocks go down.

Last hour fireworks for sure!

4 comments:

Anonymous said...: It is interesting that industry experts find value in the MLP/GP/Midstream space: Dan Duncan keeps buying, Blackstone forms a $500 mil venture to buy midstream and today Oxy buys 10% of Plains GP.

There is a large disconnect between the healthy trands in the industry and the poor performance of public MLP prices.

Mr. Pipes; 7/02/2008 3:16 PM
joewxman said...: agreed. And one day when the bear market ends these will take off.

But that is one day...not today.; 7/02/2008 3:24 PM
Anonymous said...: We are in an overall bear market which usually implies rapid declines, with roughly 90% of issues down.
Does that mean that buying great cos at bargain prices is wrong or is it better to wait until some uptrend evidence?
The falling knife cliche may be appropriate as doom and gloom increase as the trend sometime reverses.
At any rate, agree with Mr. Pipes and Joe and wait for the trends to uptick.
BUY LOW
Vonhayekschumpeter; 7/02/2008 3:34 PM
Anonymous said...: This is just a total give up here this afternoon. Why would you even try to force sales on a day like today? Nobody in, liquidity poor and very little news. Seems a bit too easy to walk stocks down.; 7/02/2008 4:00 PM