A 6 point plus gain on the mlp index this afternoon as there seems to be an end of quarter rush into this group while big energy stocks continue to suffer under the fire of BP and the Gulf spill. 1 point plus gains are on the board for many of the majors including Plains All American (PAA) Williams (WPZ) Buckeye (BPL) and Oneok(OKS).
Last hour shennanigans will likely swing the barometer back and forth before the close. Looks like a tropical storm could be in the works for the Gulf of Mexico early next week and that is driving oil right now to a 2 dollar gain.
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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:
There is a new fund "ClearBridge Energy MLP Fund". This fund is investing in master limited partnerships. It has raised about $1.27 billion in an initial public offering. As they buy mlp's we will see the value of them increase no doubt.
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