MASTER LIMITED PARTNERSHIPS

Wednesday, August 27, 2008

Ran to 270 right out of the gate and up 2 and change on the mlp index. 1 point plus signs for Buckeye (BPL) Oneok (OKS) and Atlas Resource (ATN). Fractional plusses pretty much across the board this morning with only a handful of mlps seeing losses and those are small or low volume driven.

Looks like money is coming in.

4 comments:

Anonymous said...: DCP Midstream, LLC, (DCP) on Monday announced its plans to significantly expand gas gathering and processing facilities in northeast Colorado to support the growing natural gas production in the area.
The plan includes capacity additions to two existing plants, Mewbourne and Lucerne, both located in Weld County. The expansions will increase DCP's gas processing capacity in the area by 80 million cubic feet per day (MMcf/d) to over 400 MMcf/d. Along with the installation of new equipment, DCP will utilize existing sites, equipment and infrastructure contributing to an anticipated fourth quarter 2009 completion.

"This expansion is part of an ongoing series of optimization projects we've undertaken to increase area capacity and improve reliability and service to our producers and customers," said Tom O'Connor, chairman, president and chief executive officer of DCP. "It's especially beneficial to provide the infrastructure to help satisfy the country's demand for a clean, domestic energy supply."

DCP Midstream, LLC, headquartered in Denver, Colorado, leads the midstream segment as one of the nation's top three largest natural gas gatherers and processors, and the largest natural gas liquids producer and marketer in the U.S. DCP Midstream operates in 16 states across seven producing regions. DCP Midstream is a 50:50 joint venture between Spectra Energy and ConocoPhillips. The Company owns the general partner of DCP Midstream Partners, LP, a master limited partnership, and manages and operates its assets in Colorado, Louisiana, Oklahoma, Texas, Wyoming and the northeast U.S.; 8/27/2008 10:03 AM
Anonymous said...: Anyone have any idea if KSP priced their offering yet? At what price?; 8/27/2008 11:41 AM
Anonymous said...: NEW YORK--(BUSINESS WIRE)--August 15, 2008 --

K-Sea Transportation Partners L.P. (NYSE: KSP) today announced that it has priced a public offering of 2,000,000 common units representing limited partner interests. The underwriters have been granted an option to purchase up to an additional 300,000 common units. The net proceeds of the offering, after deducting underwriting discounts and commissions, will be used to repay indebtedness and make construction progress payments in connection with K-Sea's vessel newbuilding program.

According to this it was priced on the 15th...; 8/27/2008 12:19 PM
Anonymous said...: Another nice day (so far). Still, I am concerned about what September and October may bring.
Premature to back up the truck IMO(but continuing to nibble probably does make sense).

Bruce Sherman
Oakland, Oregon; 8/27/2008 1:01 PM