MLPS are ripping their way higher up nearly points and putting distance between itself and the 240 level. More and more im convinced that we will take a run to 260-270 where there should be signficant resistence.
Sunoco Logistics is up 2 as today's big winner. Most mlps are up fractions to 1 point. Overall market is barely lower and is behaving in bull corrective mode. Nice way to finish the week.
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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.
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2 comments:
Joe. I don't remember seeing it in any of your previous post, but LINE announced at $0.63 distribution per common unit on Thursday. It will pay on 8/14/09. It is no change from the previous distribution in May; in fact, it is the same distribution they paid for what will be the 7th quarter in a row.
JCarroll
i did miss it, thanks for posting it.
It get me to thinking though that not raising the distribution continues to be an okay thing because mlps are still undervalued in a normal yield enviornment. So prices have more room to run higher.
At some point markets will begin looking for mlps to raise their payouts again on a regular basis. We are not at that point yet but we could be next quarter.
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