MASTER LIMITED PARTNERSHIPS

Monday, August 04, 2008

Ugly day with a 5 point plus decline on the MLP index as crude oil collapses under 120 and energy stocks are being thrown out wholesale. All mlps are down except for Hiland Partners (HLND) which is up a small fracton.

Buckeye Partners (BPL) is down 2. Holly Partners (HEP) is also a 2 point losers. And we have a long list of 1 point losers or losers of major fractions.

I guess 262 is in play again.

8 comments:

Anonymous said...: AMZ going for -7!

Glory!; 8/04/2008 12:24 PM
Anonymous said...: It's remarkable that the E&P's managed to completely miss the entire crude and natural gas rally. Now, of course, they participate in every downtick in the commodities implosion. Wonderful asset class to own.

The MLP asset class is finished, nobody will "invest" in this stuff with pathetic performance like this. These things are a lose-lose proposition. Commodites up-you lose, commodities down you lose. And yes I know they hedge production, but obviously nobody cares.; 8/04/2008 12:50 PM
Anonymous said...: From Briefing.com:

"Commodities (-3.1%) remain under selling pressure. There is some speculation that a large fund has been forced to liquidate its commodity position."

Bruce Sherman
Oakland, Oregon; 8/04/2008 1:10 PM
Anonymous said...: CEP is a classic example.

I am convinced that the guys running MLPs and GPs are just in it to clip coupon and get overpaid. They dont give a damn about LP holders. I see very little insider buying and most managers hold little to no LP or GP units. Dan Duncan is the exception to this.; 8/04/2008 1:11 PM
Anonymous said...: Good to see an entire weeks forward progress destroyed in a few hours. Its a shame that we didn't rally with crude, because now we'll sink with it. No upside for the MLP investor.

House O' Pain; 8/04/2008 2:29 PM
Anonymous said...: maybe mlps just stay cheap forever. nobody seems to give a damn about them. the tax complexities keep too many new investors away and without new blood we really will not be able to have a lasting rally. all the dedictaed funds are full up.; 8/04/2008 2:41 PM
Anonymous said...: The bears are in charge. They can destroy any stock they want with impunity. There are no rules anymore. The SEC is clueless. Any large fund can pick a few stocks and have its way with them. Lets grow up people and realize that this entire market is one big stinking fraud. Fundamentals, value, yield, etc...thats old school. New school is pump and dump, momentum, cnbc noise, etc.

Nobody gives a damn about value...; 8/04/2008 2:55 PM
Anonymous said...: Two words: Demand Destruction. The "traders" are selling anything where demand is perceived to be falling. Look at the market today: oil, gas, steel, pipes, utilities, gold, silver, copper, coal. Its incredible that no matter what phase the economy is in its viewed as being negative for MLP's.; 8/04/2008 3:00 PM