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Sunday, January 08, 2006


Good Sunday afternoon and of course GO GIANTS!

What i'm going to do is begin a running post as i gather info and just add on until tomorrow's open. This way i don't have to go crazy all at once.

Please take the time read the always insightful Cactus Jack on the Northern Borders Partners message board on Yahoo. Saturday nights post is filled with specualtion about Iran and what will happen when that powder keg blows. Can you say $100 oil?

Speculation continues about the fate of Teppco and if or when Dan Duncan of Enterprise will swallow it. One post on the message board made an interesting point. If you look at the charts of both these companies...one could argue that Teppco is going to aquire Enterprise. Dan Duncan owns the GP. I would argue that it might not make a difference. If the bottom is in for MLPS then Teppco might react the same way as Valero did when it announced it was buying Kaneb Pipeline...both stocks rose. Valero went from 55 to nearly 65 before the big correction back to 53. Having owned both I remember Kanab rising 6 points on the news and Valero rising 2 and change. So either way it could be win/win. Again this is just speculation.

In the "gift" department...take a look at Martin Midstream. As pointed out Friday its now yielding 8.37% thanks to a distribution increase coupled with a 3 million share offering. Thats 4 points above the 10 year for a company that just raised its distribuion from 55 to 61 cents in the last 2 quarters. Might be dead money for awhile until all the shares are absorbed but longer term it might be a nice play.

6pm Sunday 1/8/06...So much for the Giants....maybe next time they ought to show up when playing. You can't win football games when your time of posession was 17 x 43 minutes against and you can't get inside the carolina 40 for the entire game...very sad!

2 comments:

Anonymous said...

out played out coached and manning over rated wish fox coached the giants
plus giants just flagged for to many penalties

joewxman said...

agreed. Manning is talented but extremely young and inexperienced. I kept seeing a little boy trying to play grown man football. He'll get better in the next few years and today was a hard lesson.