MASTER LIMITED PARTNERSHIPS

Tuesday, September 09, 2008

31 of 68 mlps/gps on my board are down 1 point or more. 5 mlps are down 2 points or more. Nustar Holdings (NSH) is the only one in the group that's up and its up 16 cents.

Crude collapse to 102 sending everything energy out the window. MLP index down 9.19 and has reached the point and figure chart bearish downside target of 252..and of course we will overshoot this.

Constellation Partners (CEP) is down to 10.20 and yields 22%

9 comments:

Anonymous said...: The shorts/sellers are in charge here. The can obliterate a stock and there isn't a dman thing anyone can do about it. Unless the company has a share buyback (and MLP's never do) there is no one to counter the selling. Retail buyers can buy 100 lots all day long and it means nada.

In a nutshell we are f*cked. Hold your nose and wade thru the stench because it smells like rotten ass in MLP land. Enjoy your distirbutions and pray for better days. Right now we are in freefall.; 9/09/2008 2:49 PM
Anonymous said...: CEP is reaching all new lows of disgusting behavior. -12.75%

The market has become surreal.

I haven't seen anyone on the blog saying that they are buyers today. That alone tells me the fear is thick, as we are optimistic fools here on the MLP Blog.

The casino is open.; 9/09/2008 2:52 PM
Anonymous said...: Every MLP should halt any new pipeline, storage, barge, etc project right now and put all the free cash flow into buying shares. F*ck organic projects-save the damn unit holders from utter financial ruin. The marketplace doesnt give a shit if an MLP makes $1, $2, $5 or $10 in distributions or if it yields 8%, 10% or 15% it is going to sell it. F*ck making money-just buy units back. Its a f*ckfest out there.

How can the Boards be this blind to the reality of the market?; 9/09/2008 2:56 PM
Anonymous said...: Joe,

I would say the average MLP is down over 4% today (and that is being conservative). Amazingly everyone I talk to knows nothing and isn't seeing anything. It's impossible for me to believe that this is just retail sellers panicking.

Mr. Pipes (on life support); 9/09/2008 3:02 PM
Anonymous said...: Even if a company has a share buyback plan, it's meaningless because the shorts can sell shares that don't exist.

The SEC seems to be a "captive regulator", unwilling to level the playing field that has been tilted against individual investors.

Individual investors simply have bailed ( except for us ) and only traders and shorts dominate this market.; 9/09/2008 3:04 PM
Anonymous said...: Mr. pipes,

Anything financial or Energy related is getting slaughtered.

Arguably MLPS are both.

Interestingly, utilities seem to be doing ok today.; 9/09/2008 3:09 PM
Anonymous said...: I agree. The marketplace has become a large fraud. There is no enforcement of rules and as a result, the credibilty and desire of people to investment will diminsh. I for one am sick and tired of the nonsense that goes on.

If CEP has fallen 20% in 2 days and there is news, the stock should've been halted, if there is no news the company needs to say something. We cannot live in a vacuum, where certain groups are privy to information and the public continues to get fleeced.

The govt is too busy bailing out overpaid bankers to worry about the rest of us.; 9/09/2008 3:12 PM
Anonymous said...: Why are REITS holding up when the structure is similar to MLP's and real estate is at the epicenter of the global meltdown?; 9/09/2008 3:14 PM
Anonymous said...: Hey guys, we're in the wrong game. FNM is up 65% today!; 9/09/2008 3:14 PM