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Wednesday, July 09, 2008

Okay so far so good with a nearly 5 point bounce on the MLP index which is well outperforming everything else for a change. But its a long day ahead.
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5 comments:

Anonymous said...

BPL was down for 8 days in a row. Can we close green today?

7/09/2008 10:36 AM
Anonymous said...

FWIW, Picked up some EVEP

Tee Leaves

7/09/2008 11:20 AM
Anonymous said...

To continue. EVEP seems to be selling near 47% of NAV.

Tee Leaves

7/09/2008 11:26 AM
Anonymous said...

Can anyone tell me how the price of oil affects pipeline MLP's like Nustar ? If price of oil goes up is that good or bad for the Stock price?
Also, anyone know why MLP's have gone down so much this year?
Thank you

7/09/2008 12:31 PM
Anonymous said...

Generally speaking the price of crude or natural gas has minimal impact. Where MLP's are exposed they tend to hedge 70% or more of the exposure.

A sudden rise in product prices (gasoline, diesel, jet fuel etc) can cause a decrease in consumption, less throughput in pipes, thus less fee revenues for transport and storage.

We are all asking the same question as to why MLP's have flopped. No fundamental reason.

7/09/2008 1:00 PM

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