MLPS CONTINUE TO FREE FALL
DOES A BOUNCE LOOM?
We can only hope and pray! And i'm not kidding here. As a practicing catholic i've said a novena and lit a few candles over this! Mr Cramer has pointed out all the damage in commodities related stocks which have just been in free fall and a few of you have posted
those comments here and they pretty much explain it all. Its the same thing that happened last August. When those quant funds sell they do so blindly. So its down until they stop going down. I know that sounds a bit simplistic but when stuff isn't working...it just isn't working!
This morning we have earnings from Exterran Partners (EXLP) along with some management changes. Also we have earnings this morning from Holly Partners (HEP) and Quicksilver Gas Services (KGS). I guess the thing to watch this morning is Oneok LP (OKS) which reported huge numbers last night and raised guidance for the rest of the year at 2009. If you can't get a reaction to that...its over!
The Street.com (subscription required) has a piece on Billionaire Carlos Slim investing in MLPS. Isn't it nice to know you have a billionaire hanging out with us in this misery. At least it offers hope.
Crude a little higher this morning ahead of the energy numbers and so is natural gas. Energy stocks look a touch firm as a whole this morning so we should see some upticks at the open. After that its anyone's guess. Scroll down to last nights post for details about heavy insider buys at a few MLPS. No upgrades or downgrades so far this morning
Finally We could all stand a quick laugh. 13 points in 2 days!
joseph cioffi's Source Page - Associated Content
6 comments:
Jean Harlow!
MMLP is the latest member to be inducted into the 10%+ yield club!
Glory!
Can anyone tell me when MGG goes Ex-Div? Some sources say today and others say tomorrow. My guess is that today is the last day to qualify for the dividend and that it goes ex. div tomorrow.
Anyone know for sure?
Thanks!
Bruce Sherman
Oakland, Oregton
OK, here's my confusion. MGG went ex. div on August 4 for holders of record on August 6.
Now what the heck does that mean???
Bruce
if it went ex div on the 4th it means you would have had to buy it on the 3rd which settles on the 6th (day of record).
Either way its too late.
"if it went ex div on the 4th it means you would have had to buy it on the 3rd which settles on the 6th (day of record).
Either way its too late."
Thanks, Joe! I have owned it for some time but was just trying to figure this out to see what the impact on the unit price would be.
Thanks again,
Bruce
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