MLPS are ripping along higher with nearly a 4 and a half point gain on the index while the dow remains lower but has been rallying back and is way off the days lows. At least that is the case as of this post. Nustar (NS) leads the way up over 2 points.
Btw for the gamblers among you. Hiland Partners (HLND) and Hiland Holdings (HPGP) have offers on the table of 9.50 and 3.20 respectively. Both stocks right now are trading about 1/3 below those offers assuming the takeover is completed the stocks have some upside ahead for them. But of course these days that is a pretty big assumption. That offer to go priviate was made back in January. Food for thought and no guarantees from the management. Just putting it out there. And beware that we could get a situation like what happened with Buckeye Holdings (BGH) which saw their 17.50 offer pulled off the table.
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- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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2 comments:
The facts that HLND and HPGP are trading 1/3 below the offers lead me to think that most investors believe the offers will be pulled. What say others?
JCarroll
i agree with you. We still have not heard from the board nor do we know for sure if Mr Hamm has secured financing or f Mr Hamm even needs financing. Market conditions haven't helped either.
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