MASTER LIMITED PARTNERSHIPS

Friday, November 14, 2008

MLPS have turned higher as the market sold off at the open and has come back from -150 to -70. The mlp index opened down nearly 2 but its now up fractionally.

Citigroup downgrades Atlas Pipeline Holdings (AHD) to sell and lowers the target to 4 dollars! Glory! Eagle Rock is up 40 cents and back over 8 dollars on last nights news that some important shareholders will be adding to positions with open market purchases. Suburban Propane (SPH) is up 25 cents on earnings.

I'm heading to the dentist to get a tooth fixed. Fabulous!

11 comments:

Anonymous said...: Market goes +550, MLPs go down.

Market goes -200, MLPs go down.; 11/14/2008 10:23 AM
Anonymous said...: The entire Atlas complex going to zero!; 11/14/2008 10:32 AM
Anonymous said...: I have said it before and I will say it again: What is the point of these anonymous doom and gloom, whining, whimpering, wussy, wimpy posts?

They contain no analysis and absolutely NOTHING of value or that could possibly be of any help to anyone. I wonder if some of these anonymous posters own--or have ever owned--units in an MLP.

If you want to bash MLPs, that's fine but PLEASE give us some solid, reasoned analysis.

Being willing to identify yourself wouldn't hurt either.

Bruce; 11/14/2008 10:34 AM
Anonymous said...: Bruce, don't be such a pollyana. Who cares about the complaining? The sector sucks, the market sucks, life sucks, etc...

Has there ever been analysis on this blog? Have you read much of value? What is done on this blog is the regurgitation of news items and bloggers talking their trades. Thats it really.

I'm happy to read "reasoned analysis" but I have yet to read it on this blog.

MM; 11/14/2008 10:50 AM
Anonymous said...: Reasoned analysis in an unreasonable market environment is too much to ask for. We are in a phony market right now. Capital markets are closed and mlps cannot issue debt or equity. Drawing down credit lines is not really a recipe for success, because when the bill comes due how are those lines going to get paid. Natgas and crude prices have imploded, demand is dropping like a stone and alot of wells will be shut in and capex will halt.

Where does that leave us? Clinging to hope. I would guess most guys here have lost 30% in the last year. Most bloggers hold issues like CEP, APL, QELP, SGLP or others which are -75% or more. How can you analyze anything when SGLP hasn't supplied a 10Q in months. QELP has had a CEO steal $10million, CEP is in a perpetual tailspin and APL managers lie about their business quarter afetr quarter. You simply cannot trust anything you read or hear from the managers running corporate America.

It is impossible to analyze anything when you are constantly feed false information.; 11/14/2008 11:00 AM
Anonymous said...: IMHO there is no valid company specific analysis ( for most stocks ) when this market is controlled by macro forces.

HS; 11/14/2008 11:10 AM
Anonymous said...: IMHO there is no valid company specific analysis ( for most stocks ) when this market is controlled by macro forces.

HS; 11/14/2008 11:10 AM
Anonymous said...: Bruce, MM, & HS:

It may not be as rigorous as we all would prefer, but, the alerts and input provided by homegamers such as yourselves is of great value. Especially to the likes of me. Keep it up. Anyone with insights re distribution /valuation risks pertaining to MWE, CPNO, or DPM would certainly help me, so dont be shy.

As far as those with the perpetual rag on are concerned; thats a result of our culture encouraging weaklings to express their feelings. IMHO

SteveH; 11/14/2008 11:35 AM
Anonymous said...: New to the MLP space; followed it for a couple months now and purchased KMP and LINE at good prices, and intend to purchase additional MLP shares following a successful test of the market (S&P 500) low. I get value from Joe's comments and specific company information. I also get value from the information provided by other commenters. As for the anonymous doom and gloom comments; they are less valuable, but do give an insight into sentiment. My analysis: The test of the low yesterday was unsuccessful (my definition) because the previous low (SPX 839.80) did not hold and we now have a new low (818.69) which must withstand a successful test some time in the future. Following a successful test of whatever the ultimate low is, meaning the market does not break through the low and follows up with a rally of at least a few days, then will be the time to jump in with additional MLP purchases. Until then, keep some dry powder, and it is probably weeks to months away until the successful test occurs. Caution: this is just the opinion/analysis of a private investor risking his own money, not a professional; and the opinion/analysis is subject to change as events dictate. JCarr; 11/14/2008 12:01 PM
joewxman said...: "Has there ever been analysis on this blog? Have you read much of value? What is done on this blog is the regurgitation of news items and bloggers talking their trades. Thats it really."

I'm not sure what it is you are looking for. If you don't find anything of "value" then what are you doing here? If you think you can provide something of "value" by all means please do. We're all waiting!

And please do it under an id other than Anonymous.; 11/14/2008 12:42 PM
Anonymous said...: jcarr;

Thats what I was talking about!Thanks!

SteveH; 11/14/2008 1:17 PM