Tuesday, July 22, 2008
Took a little time to turn the MLP ship but after being down nearly 2 points on the index we have now turned fractionally higher! Dorchester Minerals (DMLP) and Natural Resource Partners (NRP) are the 2 biggest lowers down between 1 and 2 points apiece. Magellen (MMP) Holly Partners (HEP) Buckeye (BPL) and a few others showing small fractional gains but the momentum appears to be getting behind us.
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joseph cioffi's Source Page - Associated Content
11 comments:
AHD and APL boost their distribution....whats the response?
Nothing! what a friggin joke!
Nice increases also! Too bad nobody cares...
I listened to the SGLP conf call and it wasn't too bad.
It is going to take a few quarters, but it seems that the current management team will be able to right the ship.
I believe the crude and pipelines will be easier to fill out capacity on. Asphalt may be somewhat more difficult, just my opinion. I like the fact that Alerian is running the GP, they are subordinate holders, so LP holders have first claim on asset sales.
Be curious to see if we get a token distribution announcement next over the next week.
Mr. Pipes
Clealy sellers use any distribution increase as a reason to dump shares...APL, AHD, TLP, ETP, PAA, etc...
SGLP should immediately change its name to something without "Semgroup" in it...
NS and NSH report Friday morning. After the recent drubbing they've endured, anything remotely positive can rally those two.
If anyone has any insights, much appreciated.
10.27% yield on APL and still nobody wants it...
TLP yielding 10.09% and it falls 3% a day...
NEW YORK, July 16 (Reuters) - Buckeye Pipeline Co. LP (BPL.N: Quote, Profile, Research, Stock Buzz) said Tuesday shipping demand for an oil products pipeline out of the U.S. Midwest is in excess of capacity and asked shippers to lower their August nominations.
"It has been determined that barrels nominated to the 010 line (East Chicago (EC), East Hammond (EH) and Monee (WE) origins with deliveries to all Buckeye Locations) are in excess of pipeline capacity," Buckeye said in a bulletin to shippers.
The request is the first step toward "potential allocation" of the line, Buckeye said.
"Shippers are being given 2 business days (until close of business July 18th) to submit Binding Nominations. Monday morning (July 21st)," the Buckeye bulletin said.
Interesting in that BPL has too much product and not enough capacity. Sounds like an ideal position to be in...Does the market even take notice of this?
Shitty performance in ANZ. No follow through, as usual.
MMLP NEWS
KILGORE, Texas, July 22, 2008 /PRNewswire-FirstCall via COMTEX/ --
Martin Midstream Partners L.P. (NASDAQ: MMLP) announced today that is has declared a quarterly cash distribution of $0.74 per unit for the quarter ended June 30, 2008. The August distribution reflects an increase of $0.02 per unit over MMLP’s May 2008 distribution. This is a 12.1% increase in the quarterly distribution when compared to a year ago and also reflects an increase of almost 3% over the previous quarter’s distribution. The distribution is payable on August 14, 2008 to common and subordinated unitholders of record as of the close of business on August 1, 2008. The August distribution is based on the current operating performance of, and the current general economic, industry and market conditions impacting MMLP and reflects an annualized distribution rate of $2.96 per unit.
Units will probably flop on the news, seems to be the trend...
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