MASTER LIMITED PARTNERSHIPS

Tuesday, September 16, 2008

Morgan Stanley (MS) to pre-announce earnings to give the market "clarity"....Wouldn't it be nice if Constellation Energy Partners (CEP) would give its unit holders some clarity!

I can't tell you the slew of curse words that are just bursting to get out here!

MLP index rallied 10 points off its low. Not all mlps turned around but some did. I would think you will see others follow tomorrow to catch up.

3 comments:

Anonymous said...: We need clarity. We need the guys running these companies to come out and say "yes the stock market is a mess, but our operations are sound, our plan is working, we have liquidity, etc." I am amazed by the silence.; 9/16/2008 4:23 PM
Anonymous said...: Morgan Stanley beat the consensus by a wide margin, although it now looks like the consensus was far too bearish. Sales and EPS were roughly flat with a year ago, which is pretty stunning all things considered. The stock is up $2 after hours.; 9/16/2008 4:25 PM
Anonymous said...: Below is the text of a (non-response) response from CEP's IR:

Mr. Kline.

Thank you for your inquiry. I did receive and pass along your initial inquiry to the management team, along with several other similar inquiries.

The CEP management team is working closely with CEG management and the CEP Board of Managers regarding the CEG announcement indicating its intent to sell its upstream assets.

We recognize the importance of coming back to our investors with more information and are working diligently to do so.

If there are further questions I can answer, please do not hesitate to contact me.

(steve); 9/16/2008 5:17 PM