MASTER LIMITED PARTNERSHIPS

Wednesday, August 06, 2008

We bounced up 4 points on the MLP index fairly quickly..then cut that in half...now slowly ticking back higher up 2.80 as of this post. Would like to see us rally back to the highs by the close...which btw takes us back above that magical 262 level. Of course 1 day is 1 day.

Oneok LP (OKS) Penn Virginia Holdings (PVG) and Copano (CPNO) are up 1 and change and lead the winners list. Fractional gains in a host of issues.

3 comments:

Anonymous said...: It's a beautiful day in the neighborhood. Just a small handful of my MLP holdings are down, and they're down fractionally.

As someone noted earlier, it's amazing how many of these buggers now sport double digit yields. One of mine, TNH, is yielding over 13.5%! This negative pricing behavior won't last forever. This would be a great time to load up... if only I had some cash left. (Anybody want to lend me some?)

Lee; 8/06/2008 3:08 PM
Anonymous said...: I can't figure out why CPNO (which I own) is up so much. 2Q results don't come out until after the close.

I really need to learn not to try to make much sense out of this market.

Bruce; 8/06/2008 3:31 PM
Anonymous said...: I don't beleive this market is acting rationally toward MLP's. While growth may slow due to financing concerns and slighty less energy use, most of the distributions continue to rise and energy products still need to be transported. Eventually they have to stop going down and investors will like the 8-10% yields on high quality MLP's that increase almost every quarter. It's not like they are banks! But man, are we taking some series pain.
Thank you sir, can I have another.; 8/06/2008 7:52 PM