Another reversal and an impressive one is underway. The dow is up 120 and very close to the highs of the day after a trip down to 7845. The mlp index went down to 197 and change and is now back over 201 up 2 and change and at the highs of the day. That 8000 level is proving to be pretty stubborn and holding.
Plains All American (PAA) leads the way up 1 and some change. Buckeye Partners (BPL) is up 1 and is nearing a six month high. Buckeye Holdings (BGH) is up nearly 1. Energy Transfer (ETP) Genesis (GEL) Oneok (OKS) Teppco (TPP) Inergy LP (NRGY) among the nice fractional winners today.
Exterran (EXLP) is listed down 75 cents but 46 cents of that is ex-distribution. E V Partners (EVEP) Martin Midstream (MMLP) Inergy Holdings (NRGP) are fractional losers. Duncan (DEP) is down fractioanlly on the Citigroup downgrade.
Looks like we could finish well today. Waiting for that fabulous last hour.
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:
I'm beginning to wonder if the recent outperformance was a distribution play and that we're back to being dead money. Hope not.
steve
some of it was steve i'm sure. But now that we're pretty much through that cycle we should see those mlps who did not cut their payouts hold their own or rally further in my view.
Post a Comment