Some more after hours action as Energy Transfer Partners (ETP) mulls a new pipeline and a 5 million unit offering. Stock is off 1 after the cloase. Natural Resource Partners (NRP) announces a distribution increase and 2009 guidance.
Btw reading through Kinder Morgan's earnings and guidance they are assuming west texas oil at 68 bucks a barrel for 2009....thats 25 bucks higher from here. Hard to imagine given whats going on right now in the economy.
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:
Joe. According to an announcement on the ETP web site, they are offering 6M units. Doing some quick math from Yahoo! data, I calculate approximately 152M shares (market cap divided by price per share), so an additional 6M shares equates to approximately 4% dilution. AMZ is currently down about 1.79% and ETP is down about 5.01%. Seems to me, when ETP is down today 4% more than AMZ (meaning down 5.79% at this moment), it will be fairly priced. Does that make sense?
Thanks,
JCarroll
it seems to make sense. Which reminds me ...i need to get the alerian index weightings again to see whats changed.
Post a Comment