MASTER LIMITED PARTNERSHIPS

Friday, August 08, 2008

Been watching the MLP index clawing its way back to 259 down 50 ticks and i mean clawing as it has been upticking literally 1 cent at a time. A few mlps have gotten out in front now trying to take the lead. Oneok LP (OKS) is up 1 and change. A few others have turned fractionally higher like Sunoco Logistics (SXL) and Buckeye Partners (BPL). Constellation Partners (CEP) went down to 14.79 testing its March low...back to 15.60.

At least the weekend is getting near..can't lose money on a weekend.

3 comments:

HS said...: My motley group of mlp's consists of: TPP, BPL, NS, APL, BWP, ETP and NGLS. The average yield on this group is about 9.25%. The 10yr is at 3.95% today. So, my little group is 530 bp over the 10yr. The market is treating these mlp's like junk bonds. Maybe one day some brave analyst will upgrade the group. The average yield on top quality utility stocks is about 4.50%. We deserve better than 9.25%.; 8/08/2008 1:05 PM
joewxman said...: agreed. I wonder if the dollar rally sustains itself whether that could be a driver down the road. 9% yields with a strengthening currency could be a good thing.; 8/08/2008 1:10 PM
Anonymous said...: Look at SGLP go. Bought at panic price of 6.72 but it's not making up even a fraction of all my other MLP losses. Sigh.

rrcbenjy; 8/08/2008 4:16 PM