Oneok LP (OKS) is down over 4 points now on that 2009 guidance forecast and the company is also forecasting a drop in distributable cash flow by about 20%. That drop is certainly dragging the mlp index which is down a small fraction. Most mlps are higher however with Spectra Energy Partners (SEP) leading the way up nearly 1 point. The company put up earnings last night and gave a positive view for 2009. Boardwalk Partners (BWP) is up 30 cents as they announce their distribution. Sunoco Logistics (SXL) is up again today as it nears an all time high..needs to get to 57 for that.
Capital Products Partners (CPLP) and Enbridge Partners (EEP) are the two biggest losers down major fractions. No news on either one.
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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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1 comment:
I think OKS is the perfect example of the danger of putting too many eggs into one basket. No matter how universely well-regarded any individual MLP may be, all it takes is a single misstep for the market to punish it badly.
Bruce
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