Tuesday, January 22, 2008

Down 6 points on the MLP index. Most MLPS off the lows of the day however. At 2pm Inergy Holdings (NRGP) and Holly Partners (HEP) are the biggest losers down nearly 2 points each. A mile long list of 1 point minuses. Right now Eagle Rock (EROC) Ferrellgas (FGP) and Genesis LP (GEL) are the only small fractional winners.

If the dow rally holds in the last hour i think we should see MLPS uptick into the close. Thats the big if!
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2 comments:

  1. Anonymous1/22/2008 2:46 PM

    Has there ever been an MLP which DECREASED it distribution? What is the possibility of that happening in an economic slowdown?

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  2. joewxman1/22/2008 5:12 PM

    i don't think it happened during the 2001 recession but the universe of mlps was smaller then. USS hinted at a cut last year and the stock got cut in half. It has since said its distribution will not be cut.

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