MASTER LIMITED PARTNERSHIPS

Friday, September 12, 2008

Up 6 points at lunchtime and outperforming big energy and the overall market. Maybe some of it is catch up from yesterday. I'll guess we'll know when the Lehman deal is done what the outcome will be.

15 comments:

Anonymous said...: I am starting to get the sickening feeling in my stomach that the MLPs are going to fade before the day is over...The volume is not very inspiring. BPL dropped yesterday on over 500,000 shares, today its up on 70,000 shares. Not exactly a confidence booster.; 9/12/2008 12:17 PM
joewxman said...: Yesterday's volume could be viewed as a selling climax in the group. I want to believe that but given what we've been through its very hard to swallow.; 9/12/2008 12:42 PM
Anonymous said...: Disaster dejure?

We all knew that WM is a basket case, now it looks like AIG will be Monday's focus.

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Paulson Shoots Himself in Foot!
http://finance.yahoo.com/q?s=AGM

Federal Agricultural Mortgage Corp. (AGM) now down about 30% to $17.60 a share.

Bloomberg radio reported that Federal Agricultural Mortgage Corp (Farmer Mae ?) had large losses in guess what?

GSE preferreds; 9/12/2008 12:51 PM
Anonymous said...: Joe. I am new to your site; find it very informative. Do you know if the distributions from MLPs contain, or can contain, return of capital? Thanks much, JCarr; 9/12/2008 12:51 PM
Anonymous said...: The GP's are still trading "heavy"

Anyone have any insights there?; 9/12/2008 1:12 PM
joewxman said...: most distributions are just that...return of capital.; 9/12/2008 1:25 PM
Anonymous said...: 2:30 left until the trading day ends. I fully expect to see today's gains evaporate...; 9/12/2008 1:31 PM
Anonymous said...: The typical GP structure is the GPs have a subordinated claim ( based on a sliding scale) to distributable funds compaired to LPs.

Say the first million might be split 98% to LP units, + 2% to the GP.

The second million 90/10

The third million 80/20

The fourth million 70/30

These are all hypothetical, eash GP/LP has their own structure.

Some don't have growing GP cuts IE: NSH/NS

CPNO doesn't have a GP; 9/12/2008 1:32 PM
joewxman said...: "2:30 left until the trading day ends. I fully expect to see today's gains evaporate..."

don't be so optimistic!; 9/12/2008 1:35 PM
joewxman said...: Listen after all the damage this week today's bounce is doing nothing for me. I have the days biggest loser...Inergy Holdings which is down 93 cents.

Isn't it lovely. Even on a 6 point mlp index up day i have to be holding the biggest loser.; 9/12/2008 1:38 PM
Anonymous said...: The market selling off now on a rumor of a big writedown by GE.

GE -6.25%

It never ends...; 9/12/2008 1:40 PM
Anonymous said...: XTEX trading like its going to zero. This is another one where the company needs to come out and say something, anything to stem the blood loss. I am startled by the amateur handling of the PR/IR people at these MLP's. They don't even pretend to give a f*ck about unitholders.; 9/12/2008 1:43 PM
Anonymous said...: XTEX back to its 2004 price.

Glory!; 9/12/2008 1:58 PM
Anonymous said...: We need Dan Duncan to come out and make a statement.

Where is the doji hammer?; 9/12/2008 2:14 PM
Anonymous said...: The GP's continue to stink up the joint. These things are horrendous...; 9/12/2008 2:30 PM