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Monday, June 30, 2008

Crude ran almost to 144 before pulling back to 142 and change. Dollar actually has turned higher against the euro. No corporate headlines in MLP land so far.

5 comments:

Anonymous said...

Nat gas storming higher and CEP dropping like a stone.

Glory!

Anonymous said...

What's the story with ETP ... its been taken behind the woodshed.

Anonymous said...

Is ETP going to zero? Any news (leak) on the FERC ruling? This thing is trading like there is something brewing.

Anonymous said...

Nothing wrong with ETP. Looks like there is just an over-aggressive seller.

The FERC issue is priced in and if or when it does selloff on that news-buy it.

Anonymous said...

I think we have to just face the facts, we are in trading hell right now. I just don't see any catalysts which will help prop MLP's up from here. We have had high yields, distribution increases, growth, etc for a year now and that hasn't helped.

If levered speculators are forced to sell (as this appears to be the case right now) there is nothing true "investors" can do except wait.

The bright side is we get paid 8% to wait and tough it out.