MASTER LIMITED PARTNERSHIPS

Tuesday, September 09, 2008

WHAT HAPPENS TO MLP UNIT HOLDERS!

The mlp index is down 8 points and at the lows of the day! Glory!

7 comments:

Anonymous said...: Joe,

How many hits have you gotten today?

Things are heating up here...

FedUp!; 9/09/2008 2:19 PM
Anonymous said...: Today's action is uglier than my wife's sister.; 9/09/2008 2:25 PM
Anonymous said...: CEP is just brutal. The company is trading as if its going out of business. I just cannot believe things are this bad for these companies. Having said that I am loaded to the gills with MLP's and have lost a ton the last 6 months...; 9/09/2008 2:28 PM
Anonymous said...: Something to remember, the shorts are strongest in the quiet period before earnings.

Shorts can do bear raids, arrainge for negative articles in the financial press, and their targets can't comment.; 9/09/2008 2:35 PM
joewxman said...: up to 700 so far..sitemeter logo link on the sidebar will tell you if you want to check. Page views cover multiple hits from the same person.; 9/09/2008 2:40 PM
Anonymous said...: Lehman Looks Like a Black Hole

By Jim Cramer
RealMoney.com Columnist
9/9/2008 2:23 PM EDT

Lehman's (LEH) a tough one. Many people on this site, including me, feel that it played too hard to get, that Dick Fuld was holding out for too much and didn't cinch the deal with the Korean bank as it should.

Others might say, wait a second, you don't walk away from the table unless there's something totally poisonous in that portfolio of Lehman, something like $40 billion in bad loans including much in Europe that is not broken out to the public but might have been shown to the prospective buyers. Without information on the European exposure by country and vintage and type, we can't make a decision. But potential buyers could, and maybe they just hated the darned thing.

Now we are in total no-man's land, with the shorts able to push this stock down at will because the SEC never came up with the short-selling rules that we needed, permanent ones that were meant to keep shorts from raiding stocks all day like LEH is being raided.

Now it is pretty much of a foregone conclusion what will happen, and, alas, it's pretty darned sad, and the hubris of the CEO, Dick Fuld, to get a high bid, or the incompetence that got him this portfolio, has pretty much made this stock totally uninvestible.

Takeunder coming? Most likely. No defenses against it, not even the great asset that is Neuberger Berman or the Fed guys who have to put together still one more bailout shotgun marriage.; 9/09/2008 2:45 PM
Anonymous said...: I'm amazed how much my guys (EEP and EPD) have been hit as oil declines.

These are midstream guys, pipelines. I thought high oil prices were bad for pipelines because of reduced demand (lower pipeline volumes). These guys aren't in the E&P business, so why are they taken down along with oil prices? Anybody?; 9/09/2008 2:46 PM

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