a blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS and the day to day news related to the group...along with perhaps a few other things...as long as the conversation is kept civil. Although i have no problem telling you what i am doing regarding my trades...PLEASE DON'T ASK ME WHAT YOU SHOULD DO REGARDING WHETHER TO BUY, SELL OR SHORT!!! i am not in the stock business.
Thursday, September 29, 2005
Oil and Natural Gas Futures remain higher but the overall market tone is firm as is the tone in MLPS. Markwest is off 1 and change..no volume...no news. Everything else in the group is fractionally higher.
Joe, From XTEX message board: Re: ? by: ex_delhi Long-Term Sentiment: Strong Buy 09/28/05 06:36 pm Msg: 141 of 141
IMO the stock was caught up in the run of energy stocks, although it has no oil or gas production. It was probably a little high at the $46 level back in early August and should have been trading around $40. However, the selloff recently to sub-$38 levels is an overcorrection. Should be trading at $41.50 to $42 by year end and $46-$47 by middle of 2006. Agree?
saw that yesterday. I contend that the entire group has been in a corrective mode since late july/early august. The correction was interrupted with Katrina where alot of these stocks rallied briefly. I will post a chart of XTEX and blog from there.
Joe,
ReplyDeleteFrom XTEX message board:
Re: ?
by: ex_delhi
Long-Term Sentiment: Strong Buy 09/28/05 06:36 pm
Msg: 141 of 141
IMO the stock was caught up in the run of energy stocks, although it has no oil or gas production. It was probably a little high at the $46 level back in early August and should have been trading around $40. However, the selloff recently to sub-$38 levels is an overcorrection. Should be trading at $41.50 to $42 by year end and $46-$47 by middle of 2006.
Agree?
saw that yesterday. I contend that the entire group has been in a corrective mode since late july/early august. The correction was interrupted with Katrina where alot of these stocks rallied briefly. I will post a chart of XTEX and blog from there.
ReplyDelete