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, July 17, 2008
The mlp index is getting pulled down with the rest of energy which is getting absolutely hammered.
XOI down 2.5% XNG down 5.7% DJUSEN oil and gas down 3.5% Double Short Oil & Gas up 7% MLP index down 0.6%
I think the bulk of the rally the last two days is short covering. So if you don't own heavily shorted shares, you aren't participating in the rally...
Moody's downgraded SemGroup LP, not SemGroup Energy Partners LP. I think there are alot of guys selling SGLP without realizing its a different company. Moody's has a press release out.
FYI-Rumors hit PAA that they had similar oil trading issues that hit SGLP. PAA recovered most of their losses, but that stocks was down over 3 intraday.
This massive two day rally has completely managed to pass us by.
ReplyDeleteAnybody get anything from SGLP?
I think the bulk of the rally the last two days is short covering. So if you don't own heavily shorted shares, you aren't participating in the rally...
ReplyDeleteTLP now yielding 9 3/4 pct.
ReplyDeleteMoody's downgraded SemGroup LP, not SemGroup Energy Partners LP. I think there are alot of guys selling SGLP without realizing its a different company. Moody's has a press release out.
ReplyDeleteFYI-Rumors hit PAA that they had similar oil trading issues that hit SGLP. PAA recovered most of their losses, but that stocks was down over 3 intraday.
ReplyDeletecan someone post the Merrill sglp report to yahoo
ReplyDelete