Also i think we are at a point now where a trendline rally for crude oil is in order. Nat gas this morning is down another 20 cents as it continues in absolute freefall from 13 dollars. Amazing that its almost straight down 40% for this commodity.
In corporate developements this morning we have 2 mlps and a priviate group forming a pipeline joint venture. Other than that we have nothing else happening as we are through the bulk of earnings and distribution checks for the most part have been posted and cashed. No upgrades or downgrades on the list so far.
Tropical Storm Fay is a non issue as it will head up western Fla at worst so no gulf rig threat there imho. Crude was higher but has turned lower as i post joining nat gas which is down 20 cents.
joseph cioffi's Source Page - Associated Content
4 comments:
Other than the issues affecting the sector generally, does anyone know why DPM is taking a particulary brutal dive?
I have researched DPM but haven't found the answer. There must be some risk factor behind this.
Thanks,
Bruce Sherman
Oakland, Oregon
its head has been spinning ever since that merrill downgrade last week.
Nothing else there that i could find. Insiders have been stepping up to the plate here with open market purchases.
Thanks, Joe!
Bruce
Merrill lowered their target from $45 to $33. 45% total return just isn't worth taking the risk in this environment, I guess.
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