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Monday, October 13, 2008

We're up 23 points on the MLP index which in the context of everything going on is really no big deal but better than a down day or a sharp poke in the eye. Kinder Morgan (KMP) leads the way up 5 dollars.Oneok (OKS) and Energy Transfer Partners (ETP) are also up 5. Nustar (NS) Magellan (MMP) Enbridge (EEP) Natural Resource (NRP) and Sunoco Logistics (SXL) are up 4. Buckeye (BPL) Enterprise (EPD) Boardwalk (BWP) and Trans Montaigne (TLP) Plains All American(PAA) and Buckeye Holdings (BGH) are up 3. Constellation (CEP) Atlas Pipeline (APL) Alliance Resource (ARLP) Copano (CPNO) and Inergy (NRGY) are up 2. No mlps are down although there are a handful with only fractional up moves. They usually are the last to move higher in these types of moves and will probably play catch up later assuming the market and the mlp index continue to build on strength.

2 comments:

Anonymous said...

Added to my EVEP postion Fri and today. Applying the rule of 72 and the yield at Fidays closing, one would recoup their investment in 2.7 years. EVEP is hedged out to four years at higher hedge prices.

Reading tee leaves

Anonymous said...

Keep an eye on volume. I want to see moster sized volume. That will tell us a turn is at hand.

Mr. Majestyk