A melt up of sorts in MLPS with the index up 6 points. On ly 5 mlps are down small fractions; everything else is up. E V Partners (EVEP) leads the winners list up 2. Up 1 to 2 points and also big percentage winners include Hiland Partners (HLND) Atlas Holdings (AHD) Markwest (MWE), Other leaders up 1 or more include Oneok (OKS) Buckeye (BPL) and Energy Transfer Partners (ETP).
One thing that crossed my mind as i was doing my 6 miles was trying to figure out who will hold on to payouts and who won't. One clue might be to look at stock prices of a particular MLP today and what the stock price was back last October when the stock when ex distribution. If the price is equal to or above that price then its likely that the company will hold the payout. For example Crosstex LP (XTEX) is at 5 dollars right now. At the point of the last payout cut the stock was at around 9 dollars. So this indicates to me that another cut is coming.
On the other hand E V Partners (EVEP) was at 18 at the last distribution and its 18 now. So the stock action indicates no cut is coming. It may not be fullproof but i will be looking around later for more clues.
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2 comments:
Joe: I just have to know, did you buy HLND? When you were think about buying it along with other stocks, that you thought might mantain there dividends? I see it is up 34.53% today at 12:44 PM
i did buy some in the low 5s and also bought hpgp at 2.30. I sold the hpgp this morning. I also been adding to my double long crude position.
this january bounce has been very good to say the least!
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