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Monday, February 04, 2008

Good action here as the MLP index is over 300 and is closing in on the 144 and 200 day moving averages which sit around 302. Mommentum here seems to be building as money today is heading into yield. Definitely nice to see.

3 comments:

Anonymous said...

What is the problem with LINE, CEP and EROC?
They are the worst performers on a daily basis.

joewxman said...

and i own them all! isn't that special.

CEP announced last week it will be selling 1 billion bucks in units from time to time over the next year in a mixed shelf filing. Line we've been over ad-nauseum...lots of shares being sold by private equity. same holds for eagle rock. Good news is that pressure has to end eventually..but then again so does the misery you feel when you get the flu.

Anonymous said...

You seem to have your finger on the pulse. I am told that this will all play out very nicely by the end of the year, but frankly most of the experts are scratching their heads unable to figure out why these MLPs are so cheap.