MASTER LIMITED PARTNERSHIPS

Tuesday, July 22, 2008

I can't say i'm not disappointed that we finished a little lower on the MLP index today. I would have preferred an up finish but big energy dictated the pace as those stocks sold down 2 to 4% in oil and gas land. So i suppose being off just a small fraction is a tiny victory.

I'll give it another day. Atlas Pipeline Partners (APL) Atlas Energy Resources (ATN) and Martin Midstream (MMLP) among the distribution boosts today. Atlas Holdings (AHD) boosted big time.

5 comments:

Anonymous said...: they boosted but if a tree falls in the woods does anyone hear it?; 7/22/2008 4:32 PM
Anonymous said...: Exactly. Nobody gives a shit.; 7/22/2008 9:09 PM
Anonymous said...: Sunoco Logistics Partners L.P. Reports Record Results With a 103 Percent Increase in Net Income for the Second Quarter 2008 and Declares Second Quarter Distribution

Another blowout number, another distribution increase...another flop???

Glory!; 7/22/2008 9:18 PM
Anonymous said...: Patience will br rewarded...; 7/23/2008 5:39 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 9:15 AM