MLPS are basically in a holding pattern so far today as the dow catches up and is up nearly 200 points. The fed did nothing and said little that was new and the overall market seemed okay with that.
Atlas Pipeline Partners (APL) cut its distribution from 96 to 38 cents and the market is okay with it. The stock is up 1 and change to the mid 7s. Atlas Holdings (AHD) went from 51 cents to 6 cents. The stock is up a small fraction but it has a 3 handle.
Alliance Resource (ARLP) is down over 2 dollars on earnings. Holly (HEP) down 1 and change. Teppco (TPP)is down 75 cents
Nustar (NS) and Sunoco logistics (SXL) both up nearly 2 points each and lead the winners list. Atlas Pipeline (APL) and Atlas Energy Resources (ATN) also each up 1 and some change.
adbrite ads
mystic monk coffee
investment strategy tips
joseph cioffi's Source Page - Associated Content
http://www.associatedcontent.comuser/505733/joseph_cioffi.html
joseph cioffi's Source Page - Associated Contenthttp://www.associatedcontent.comuser/505733/joseph_cioffi.html
About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
FEEDS AND OTHER BLOGS
seal of approval
OTHER INFORMATION
OTHER INFORMATION
2 comments:
TPP went $0.725 ex-div today, which explains that part of its move lower. I expect most, if not all, MLPs to take a hit by the amount of their dividend on their ex-div date.
JCarroll
Sorry about that..normally and ex distribution stock would show the change less the distribution. Sometimes the stock boards miss out on this.
Post a Comment