Like watching paint dry today. MLPS are down by 1/2 a point on the index. Most moves are fractional in either direction. Alliance Resource Partners (ARLP) is up 70 cents as the biggest winner..and we have Breitburn (BBEP) down about 60 cents on its stock offering. Other than that there is nothing outstanding going on in either direction.
Dow up 30 points and off the highs. Bonds are a touch higher as we wait for results of the 3 year auction.
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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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3 comments:
Fire and explosion at EPD plant in Texas. Stock down 2 1/2-3%.
http://www.reuters.com/article/2011/02/08/texas-explosion-idUSWEN726020110208?feedType=RSS&feedName=hotStocksNews&rpc=43
Fascinating 1 day chart of EPD:
http://finance.yahoo.com/q/bc?s=EPD+Basic+Chart&t=1d
Big down following the accident, then back up, then down again. Any opinions on where it goes tomorrow. My guess is recovery, but I probably will not try to play it.
JCarroll
I would have expected a 10% or more drop, especially with the BP GOM disaster still in very recent memory. It appears the market has a lot of respect for EPD.
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