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.
Friday, February 08, 2008
Maybe its because its a Friday. Tape seems quiet; almost eerie. MLPS up 1.50 pts on the index at 296. Most MLPS are up or down fractions. Kinder Morgan (KMP) and Energy Transfer (ETP) are up major fractions as the big winner. Penn Virginia Holdings (PVG) down about 1 point as the biggest loser. No news drivers today. US Shipping down a fraction and 11 and change on the distribution news...they are paying one. Williams (WPZ) Breitburn (BBEP) and Markwest (MWE) down fractions. Markwest getting ready to close its merger with Markwest Hydrocarbon.
Does anyone here really believe the Alerian Index reflects reality? Its meaningless in my opinion.
ReplyDeleteThe big cap mlps have the biggest weightings. Its down 20% from its high and if it wasn't for Kinder Morgan and Enterprise which are the 2 highweights..the index would be much lower.
ReplyDeleteThat said..other heavyweights in there include Nustar, Energy Transfer (ETP) and Plains (PAA) which are all well off their 52 week highs.
Is it perfect...no but it does an adequete job.