MASTER LIMITED PARTNERSHIPS

Wednesday, September 03, 2008

RBC Capital Markets is keeping Nustar at sector perform but it is nudging its target price up 1 to 71 from 70.

All i can say is...we can only wish!

4 comments:

Anonymous said...: 71! I would be thrilled to sell some at 55!

Glory!; 9/03/2008 10:13 AM
Anonymous said...: From TheOilDrum:

In the past week, the energy markets have sold off steeply, even in the face of as-still-unknown damage from (a weaker than expected) Hurricane Gustav. If you were reading theoildrum.com of late, you have seen Kinetic Analysis Corp periodic updates on modeled damage/shut in production to Americas oil and gas facilities. Tonight another hurricane (of sorts) was announced in the financial press when CNBC reported that Ospraie, a $4 billion hedge fund partially owned by Lehman Brothers (and a major energy player), is closing it's doors after being down nearly 40% in 2008 following a -26% August. While this example is possibly unrelated to the current energy market meltdown, it serves as a good example of what may be a continued theme in natural resource markets - their small size in relation to the nominal amount of dollars seeking financial returns.

The pain in the markets won't end until most of the levered players are taken out in stretchers.; 9/03/2008 10:22 AM
Anonymous said...: The selling in NGLS just never seems to let up. The market has been open for less than an hour and NGLS has seen over 300,000 share trade...; 9/03/2008 10:24 AM
Anonymous said...: Re Hedge Funds: I would be that others are having to unload before the end of the quarter. The selling by these funds, if indeed that is what it is, should continue for another couple of weeks, then slow down thereafter. The end of the month might be the time to move back in.
Besides, for the last fewyears, August/Sept were the lows in NG for the year. We seem to be making the same lows in Sept this year.; 9/03/2008 11:17 AM

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