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- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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3 comments:
The Barron's article on Linn was just mentioned on CNBC as a stock set to potentially double soon. I have to think a whole bunch of MLPs will bounce back in '09. They are all way oversold. Of course, the same could be said for a lot of sectors.
Lee
Magellan Midstream revamps Port Arthur project
By John Ittner
Last update: 9:05 a.m. EST Dec. 29, 2008
NEW YORK (MarketWatch) -- Magellan Midstream Partners L.P. (MMP:magellan midstream prtnrs lp com unit rp lp
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Last: 29.09+0.67+2.36%
9:49am 12/29/2008
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MMP 29.09, +0.67, +2.4%) said Monday that it will join forces with Explorer Pipeline to transport product from Motiva Enterprises LLC's Port Arthur, Texas refinery to markets in East Texas. Rather than building an 80-mile pipeline between Port Arthur and Houston as initially announced in May 2008, Magellan will build a 9-mile, 20-inch diameter pipeline to connect its East Houston terminal to Explorer's existing 28-inch diameter pipeline that transports petroleum products from Port Arthur to Fauna, Texas Magellan expects the cost of the revamped project to be $120 million, or half of the initial project cost of $240 million.
I find it interesting that you guys have not mention any of the e&p mlp's, as being at div. risk.
should I be incourged about the e&p mlp's I own.
Or is it just that all the smart investers don't own them anymore?
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