4 points higher on the mlp index being led by the Williams (no not serena and venus) as they are up 3 on WMZ and nearly 5 on WPZ on the morning restructuring news. Also Kinder Morgan (KMP) is up 1 as earnings and distribution news loom tomorrow. Might be buy the rumor sell the news setting up there. Most mlps are higher today strong fractions to a 1 point. Sunoco Logistics (SXL) is up another 1 and change and is sitting at new all time highs.
Looks like 300 is do-able before a trip back to 280.
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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:
WPZ is up big. So is WMB. So is WMZ.
Can someone explain what happened? It looks like a shell game to me. Where does all this new capital come from? Is the idea that you reorganize your business furniture and then find like $1B+ lying under one of the seat cushions?
NRGY offers 5 million common units, priced at $36.25. Joe, or anyone else, do you think this is a buying opportunity (the stock is currently trading at $36.52 [Yahoo Finance])? Thanks.
JCarroll
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