MASTER LIMITED PARTNERSHIPS

Wednesday, September 17, 2008

Dow down now nearly 400 points as we are imploding here. No sign of buyers anywhere. Gold up 60 dollars. We may have join hands and form a prayer cirlce soon.

MLP index down 8 points. Martin Midstream (MMLP) which did not rally yesterday and Amerigas (APU) are up fractionally. Otherwise its a horror show. Nustar (NS) and Plains All American (PAA) down 3. 2 point minus signs in Enbridge (EEP) Holly (HEP) Transmontaigne (TLP). Oneok (OKS) Suburban Propane(SPH) Hiland (HLND)EV Partners (EVEP) Penn Virginia Holdings (PVG)Inergy Holdings (NRGP)Legacy (LGCY) Atlas Pipeline (APL) Magellan (MMP) and others. Eagle Rock (EROC) is up on its deal by a few pennies.

A poll to distract you for a few seconds. In view of what has transpired this question seems appropriate.

8 comments:

Anonymous said...: TLP shitting the bed. GP is owned by MS.; 9/17/2008 12:41 PM
Anonymous said...: If anyone has any cash and courage left, may I respectfully suggest that you consider buying some ETE?

I bought more yesterday and today.

Bruce Sherman
Oakland, Oregon; 9/17/2008 12:55 PM
Anonymous said...: It goes from bad to worse out there. If we still haven't reached capitulation, I am horrified to think what that will look like!; 9/17/2008 12:55 PM
Anonymous said...: Bruce,

I have no cash left...I need a govt bailout!

FedUp!; 9/17/2008 12:56 PM
Anonymous said...: mlps must be all backed by lehman; 9/17/2008 12:57 PM
Anonymous said...: Where has all the money gone, short time passing?
Where has all the money gone, short time ago?
Where has all the money gone?
Gone to who knows where, but not us!

When will it return, when will it return?

Ron
Texas; 9/17/2008 1:03 PM
Anonymous said...: Here is a quote from Colm Kelleher, CFO of Morgan Stanley "Things are, frankly, getting out of hand, and ridiculous rumors are being repeated, some of which if
I wrote down today and reread tomorrow I'd probably think I was dreaming. I think it's important to get some sanity back into the market."; 9/17/2008 1:10 PM
Anonymous said...: probably this market will stabilize only if Morgan Stanly, Citibank, and GS find some stability first.

We can't have a modern economy without a banking system.

HS; 9/17/2008 1:31 PM