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Monday, May 02, 2011

Sorry for the post dis-order from earlier. i put some posts up last night and saved it on the same page so this morning's post appears as if i did it last night. Bottom line is its all straightened out.

MLPS are down right now off 2 points on the index while markets are generally higher. There weren't any issues going ex-distribution that i saw so after an initial pop higher over 390 we are down just under 388. Not sure if that Baltimore Sun story from over the weekend has anything to do with the profit taking.

Boardwalk Partners (BWP) is down 1 on earnings which came in a little light even though they nudged up the distribution. Alliance Resource (ARLP) is down 1 and Magellan (MMP) is down just under a points and these three lead the losers list. A fair amount of mlps are showing fractional gains and Holly Partners (HEP) is up 71 cents as today's big winner at least so far.

Nat gas is holding on to last week's gains so there seems to be more upside here but as we all know this market is not to be trusted.

1 comment:

ted said...

obama wants to make MLPs pay the corporate tax rate + PAA pipeline spill.