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, March 13, 2008
MLPS continue to fall as the index hits news lows on the day down over 3 points. It feels like someone is unwinding a large position..maybe a hedge fund...maybe Carlyle? Who knows.
March 12, 2008-DCP Midstream Partners, LP (NYSE: DPM) (the "Partnership") today announced that it has priced an underwritten public offering of 4,250,000 of its common units representing limited partner interests at $32.44 per unit.
24 hours later it's $29.00. $14,620,000 wiped out. That will really help build investor trust in the sector.
March 12, 2008-DCP Midstream Partners, LP (NYSE: DPM) (the "Partnership") today announced that it has priced an underwritten public offering of 4,250,000 of its common units representing limited partner interests at $32.44 per unit.
ReplyDelete24 hours later it's $29.00. $14,620,000 wiped out. That will really help build investor trust in the sector.
its at the point of being hilarious!
ReplyDelete