MASTER LIMITED PARTNERSHIPS

Tuesday, October 07, 2008

Dow is near the days lows down 375 and MLPS now down over 10 and below yesterday's lows.

Hiland Holdings (HPGP) is @10 bid down nearly 4. And Hiland Partners(HLND) is down nearly 4 2o 22 and change. No news but trading like its going out of business. When you watch the trading there are no buyers and it takes a small amount of volume to move some of these down 2 points. Problem is there aren't many points left!

4 comments:

Anonymous said...: Yesterday someone posted a reference to an article in the WSJ ("A Street Longtimer Speaks")about Seth Glickenhaus, a 94-year old money manager who is one of the last surving Wall Streeters to have lived and worked through the depression. For what it's worth, Mr. Glickenhaus is buying EPD, ETP, and BWP. "We like pipeline stocks with good yields, and stable busineses," said Mr. Glickenhaus.

It's a tiny bit reassuring that we are in such "mature" company.

Lee; 10/07/2008 3:43 PM
joewxman said...: Since they are trading like they are going out of business its nice to know someone thinks they will live to see another day!; 10/07/2008 4:23 PM
Anonymous said...: I doubt they will in my lifetime, and I'm waaay younger than Seth.

I've been buying a little of the best metrics as they make new lows. Today it was MWE and MGG.

I can wait for CGs, just keep those juicy yields coming.

GLTA; 10/07/2008 5:43 PM
Anonymous said...: in 2004, Seth Glickenhaus' top pick was Countrywide (as quoted in Barron's). Does that make you feel better now?; 10/11/2008 7:30 PM