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Thursday, December 02, 2010


A lot of the bigger mlps are down today with the index flat and the dow up 100 points again. Spectra (SEP) on the stock offering plus Oneok (OKS), Buckeye (BPL) Plains All American (PAA) , Holly Partners (HEP) Energy Transfer Equity (ETE) and Magellan (MMP) all down major fractions. Helping on the upside is Alliance Resource (ARLP) as it keeps making new highs daily. In fact the chart of it above is a thing of beauty and it looks like its on another upleg here. Nat gas coming alive has really taken some of those names and put them out front. Atlas Pipeline Partners (APL) and Atlas Holdings (AHD) are also doing well today along with Williams Partners (WPZ) and Penn Virginia Resources (PVR).

Yields on the 10 and 30 year bumping against some headwinds at 3.00 and 4.25 respectively as they head into their close. The employment numbers will be a big mover tomorrow. I wonder whether the stock market up 350 points in 2 days is discounting a good number.

1 comment:

jcarroll1948 said...

Always on the look-out for authoritative articles on MLPs, the link below to a "Tax Guide to Master Limited Partnerships" appears to be very good:

http://blogs.forbes.com/baldwin/2010/12/02/tax-guide-to-master-limited-partnerships/?partner=yahootix

JCarroll