MASTER LIMITED PARTNERSHIPS

Wednesday, October 01, 2008

MLPS actually doing okay in here as we are at the highs of the day...up over 2 points on the index while the dow is going sideways. Actually the dow would be up were it not for IBM being down 9 points providing the drag.

Outside of the Crosstex pain Atlas Energy Resources (ATN) Holly Partners (HEP) and Hiland (HLND) are all down 1 to 2 points among the losers. Magellan (MMP) Oneok (OKS) and Nustar (NS) continue to lead the winners list up 1 to 1.50.

6 comments:

Anonymous said...: DALLAS, October 1, 2008 --- Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation) will hold a conference call tomorrow, October 2, at 10:00 a.m. Central time (11:00 a.m. Eastern time) to update 2008 guidance, discuss the impact of the recent Gulf Coast hurricanes and provide initial indications of 2009 financing plans.

The dial-in number for the call is 1-866-831-6270, and the passcode is 77309988. Callers outside the United States should dial 1-617-213-8858, and the passcode is 77309988. Investors are advised to dial in to the call at least 10 minutes prior to the call time to register. Interested parties also can access a live Web cast of the call on the Investors page of Crosstex’s Web site at www.crosstexenergy.com.

After the conference call, a replay can be accessed until November 2, 2008, by dialing 1-888-286-8010. International callers should dial 1-617-801-6888 for a replay. The passcode for all callers listening to the replay is 93706204. Interested parties also can visit the Investors page of Crosstex’s Web site to listen to a replay of the call.

Mr. Pipes; 10/01/2008 3:31 PM
Anonymous said...: DENVER, Oct. 1 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) today announced it has completed its previously announced acquisition of Michigan Pipeline & Processing, LLC (MPP), a privately held company engaged in natural gas gathering and treating services for natural gas produced from the Antrim Shale of northern Michigan and natural gas transportation within Michigan. The sellers are two privately held companies.

The Partnership paid $145 million, subject to certain customary post-closing purchase price adjustments, and may pay up to an additional $15 million to the sellers depending on the earnings of the assets after a three-year period. The Partnership funded the acquisition with debt under its existing credit facility.

"We're pleased to add these 100 percent fee-based assets to our portfolio in an acquisition that is accretive for our unitholders," said Mark Borer, president and CEO of the Partnership. "The Antrim Shale has sustained steady drilling activity for over a decade. With its shallow, low cost, low risk wells and long lived reserves, the volume profile supports stable cash flows for the Partnership. We also see opportunities to grow our business, especially by increasing the utilization of our treating facilities and providing additional services to our customers."

An accretive deal, not that anyone cares...; 10/01/2008 4:33 PM
joewxman said...: links kids...links!; 10/01/2008 4:39 PM
Anonymous said...: Just what the fossel fuel industry neds right now...

HS

http://www.marketwatch.com/news/story/google-unveils-44-trillion-alternative/story.aspx?guid=%7B43A208E3%2DE8FB%2D4666%2DBE57%2D8AFA46F25185%7D&dist=hplatest
---------------------------------
Google unveils $4.4 trillion alternative energy plan

By John Letzing
Last update: 5:12 p.m. EDT Oct. 1, 2008Comments: 1
SAN FRANCISCO (MarketWatch) -- The non-profit organization operated by Google Inc. on Wednesday unveiled a $4.4 trillion plan to cut the use of fossil fuels by 2030. The plan, called "Clean Energy 2030," is designed to provide "a potential path to weaning the U.S. off of coal and oil for electricity generation by 2030," according to an online posting by Google.org climate and energy technology manager Jeffery Greenblatt. Greenblatt wrote that while the plan would cost $4.4 trillion to implement, it could result in net savings of $1 trillion over its 22-year span. Google (GOOG:google inc cl a
News, chart, profile, more
Last: 411.72+11.20+2.80%

4:33pm 10/01/2008

GOOG 411.72, +11.20, +2.8%) has invested in a number of companies developing alternative energy technologies, in part to develop more efficient ways to power the company's many data centers.; 10/01/2008 5:26 PM
Anonymous said...: GOOG should stick to web browsing. They sound like they are just trying to grab headlines.; 10/01/2008 9:02 PM
Anonymous said...: The Senate passed the Bank Rescue bill and futures are off 1.1% as I type!

God knows what might happen if they didn't pass the bill.

I think the lousy auto sales reported today crystalizes how
horrible things are.

There were reports that few people even visited auto showrooms for the last 10 days or so.

HS; 10/01/2008 11:14 PM