GDP BAD BUT NOT AS BAD!
MLP RALLY SHOULD RESUME!
MLP RALLY SHOULD RESUME!
It looks like everyone sold ahead of the gdp number which was better than forecast; still awful but less awful is the best we can do these days. Energy is higher this morning after being lower. Crude up 1.65 as of this posting moment. Earnings this morning from K-Sea (KSP) and a distribution announcement as well. Breitburn (BBEP) put up a 52 cent distribution and warned of factors that could impact the distribution down the road. Nothing new here really. Also Exterran (EXLP) announces a distribution as well; unchanged from the previous quarter.
Plains All American (PAA) is up 1.08 cents with 5000 shares trading in the pre-market. No news here. Small pre market losses in Crosstex (XTEX) after another distribution cut yesterday. No other items of note this morning. Sunoco Logistics (SXL) made a 52 week high yesterday and will probably make another one today.
joseph cioffi's Source Page - Associated Content
2 comments:
WES announced distrib. same as last Q. Stock has held up well since ipo
market is okay with distributions being held at prior quarter levels. Its when they cut them that we have issues. Breitburn is down today because while they kept the distribution the same they warned about future quarters.
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