We're trading in a pretty tight range this morning in MLP land with mlps sitting in a zone between minus 30 cents and plus 30 cents and the mlp index pretty much unch. Energy numbers were bullish for crude which is around 80 bucks.
Lets see what happens later on.
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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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3 comments:
Hi Joe:
I want everyone to think about where we were a year ago when posts were flying back and forth frantically trying to figure out if we were all going to go broke. The world seemed very bleak then and I take the somnolent character of this board recently as an indication that people are more relaxed and at ease with their MLP holdings.
By the way, thanks so much for keeping this board going. You do a fine job, especially because it isn't your real job.
Some time ago, you mentioned that you had bought Plains All America. I have owned it for many years and been more or less happy with it. Every year with my K-1 comes a form from Canada. I have always ignored it, but do so with some concern in the back of my mind. What do you intend to do with yours?
Steve
No question steve we are in not only a much better place but if you were positioned correctly or even slightly incorrectly many mlps have pulled back to the pre collapse era of prices or in some cases at new all time highs plus distributions! Thats far better than most people in say AIG or Citigroup.
the plains issue. You pay tax in the U.S. so i wouldnt worry about it. The canadian mounted police as seen here.
http://www.youtube.com/watch?v=5zey8567bcg
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