MLPS a little higher on the index which is up 50 cents. Capital Product Partners (CPLP) and Natural Resource (NRP) lead the way as 1 point plus winners. Alliance (ARLP) Legacy (LGCY) Kinder Morgan (KMP) Enterprise (EPD) Atlas Resource (ATN) Markwest (MWE) and Teppco (TPP) all nice fractional winners.
Energy Transfer (ETP) and Penn Virginia Holdings (PVG) are down nearly 1 point.Magellan (MMP) Plains All American (PAA) Nustar (NS) and Hiland Holdings (HPGP) are among the fractional losers.
In case you missed it crude oil dropped to 139 and change for about 12 seconds and then it was back up again shortly there after. Picking tops is a fools game as is picking bottoms. No greater fool than I!
BPL plunging to new lows here...
ReplyDeleteInvestors expecting product volumes to fall.
Lehman blowing up, I'm sure they are dumping the MLP book.
ReplyDeleteNo real reason for the slaughter in MLP's over the last 2 weeks.
I bought way too much and way too early.
don't feel so bad. I'm the one who keeps trying to pick the oil top and bought refiners...also too early.
ReplyDeleteYou can't cry yourself out of this; you can only buy yourself out of it.
ReplyDeleteAverage down!