MASTER LIMITED PARTNERSHIPS

Monday, September 01, 2008

Hi...hope everyone is enjoying Labor day by not laboring. Just want to pass this along. As of 12 noon in electronic trading Oil is down nearly 5 dollars to 110 and change, gasoline down 12 cents to 2.73 and nat gas is down 43 cents or nealry 6%.

Setting up for a fun tueday.

2 comments:

Anonymous said...: Joel:
If we want MLP's to go up in value, would we like to see the price of crude and nat gas go higher or lower?; 9/01/2008 3:57 PM
joewxman said...: i think its going to be more important that credit spreads narrow rather than the actual movement in the price of crude/nat gas. That will probably be the bigger driver.

That said...big moves in energy drive energy stocks and if they sell off big energy in a big way..it could drag us down with it. But in the last 2 weeks mlps have outperformed big energy on both up and down days. So i go back to credit spreads as being issue number 1.; 9/01/2008 7:28 PM