MASTER LIMITED PARTNERSHIPS

Friday, September 05, 2008

From the lows this morning we've gotten half of it back as we are down 3 points on the index vs down 6. A few more mlps have pulled even or have turned higher. Exterran LP up 50 cents as the big winner.

No one point plus losers on the list anymore...which is nice.

3 comments:

Anonymous said...: Isn't contango good for crude MLP's? There is a $4.00 contango in 6 month crude...I assume the market doesn't give a shit...; 9/05/2008 3:37 PM
Anonymous said...: I have to belive the selling of MLP's is by hedge funds that must liquidate to meet redemptions.

But with interest rates so low, and MLP's paying high tax-advantaged distributions, one would think there would be a lot more buyers than sellers.

What is disconcerting is that when crude and nat gas went up, MLP's did not follow suit.

Yet, MLP's have followed oil and gas down.

What will it take to get MLP's off and running again?

Patsfan; 9/05/2008 3:49 PM
Anonymous said...: "What will it take to get MLP's off and running again?"

Stabilization in housing and a perception that the credit crunch is ending.

Bruce Sherman
Oakland, Oregon; 9/05/2008 3:51 PM