MLPS are doing well today as most are up and the index is up just shy of 2 points today. The market is up again with the dow up 85 points. Some end of month pressures and end of quarter pressures are being to show up as no one is going to want to be caught short going into quarter end in my view. Cheinere LP (CQP) Alliance Resource (ARLP) and Markwest (MWE) are up major fractions and lead the winners list today. Nothing notable among the few losers today which are down just pennies.
Keep a watchful eye on natgas and yields on the longer maturities today. If they close firm it could be a very good sign that rallies in those markets are getting ready to take hold in the next
few weeks
Nat gas may be up to another one of its rocky/bullwinkle tricks of trying to pull a rabbit out of a hat but the trick never works. But we're always trying here!!!
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5 comments:
You are right - Motley Fool does not get MLP's as a class. No understanding of tax deferred nature, requiremeent to distribute, need to grow via equity & debt,importance of ties to drop-down deal sources, etc. Bet they don't read a couple of the Seeking Alpha guys who do get them.
Dave
They have repeatedly put up pieces that show their lack of understanding.
what are your thoughts on epd? worked there back in the day. am long
joe,i am thinking a good play now is to buy MLPs that are partly owned by larger MLPs. I did this with DEP,even though it was easy cause DD always took care of his friends even from the grave. We know MLPs must grow to increase pay outs and the easiest and cheapest way is to buyout those you already own part of,imo. I own ETE cause EPD owns some and RGNC cause ETP owns a bunch. Looking for others in this incestuous industry
that actually makes sense. MLPS have also been buying up gps which means Nustar might someday buy Nustar Holdings (NSH). Chairman of Nustar holds lots of shares in NSH.
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