MASTER LIMITED PARTNERSHIPS

Friday, July 25, 2008

The mlp index is up 2 points which we don't believe anyway. Holly Partners (HEP) EV Partners (EVEP) and Nustar (NS) are leading the way higher. We have earnings from Nustar and Nustar Holdings (NSH). Distributions were announced as well. Lots of fractional plusses on the board as well.

Crude is selling off again after being up earlier and is down 1.60 right now. The overall market is rebounding off the mess from yesterday but we'll see if it holds.

10 comments:

Anonymous said...: What is it going to take to get the MLP's out of the doghouse?; 7/25/2008 10:36 AM
Anonymous said...: "What is it going to take to get the MLP's out of the doghouse?"

Time.

Bruce Sherman
Oakland, Oregon; 7/25/2008 11:51 AM
Anonymous said...: Investors really are crazy. How funny is the strong NS price performance when they were one of the only MLPs in the universe not to increase their distribution?; 7/25/2008 12:45 PM
Anonymous said...: NS investors are not crazy, it had been oversold on asphalt concerns which turned out to be no concern. They provided strong guidance going forward.; 7/25/2008 12:59 PM
Anonymous said...: Asphalt pricing is very firm and NS exceeded it's guidance from a month or so ago.; 7/25/2008 2:12 PM
Anonymous said...: I listened to the NS call as well; this was a very strong quarter with a large writeoff from an adverse hedge bet which went against them. Look for a nice distribution hike in the 3Q. NSH seems even cheaper than NS to me.; 7/25/2008 2:21 PM
joewxman said...: i think you can make a pretty convincing case that most mlps by any metric you use...are cheap.

the problem is they just keep getting cheaper.; 7/25/2008 2:50 PM
Anonymous said...: Oil and nat gas goes up, and MLP's go down.
Oil and gas goies down, and MLP's go down.
Interest rates go up, and MLP's go down.
Interest rates go down, and MLP's go down.
Distributions keep rising, and MLP's keep dropping.
What IS the right environment for MLP's?; 7/25/2008 3:01 PM
joewxman said...: they will go up immediately if we all sold our positions and initiated shorts!; 7/25/2008 3:27 PM
Anonymous said...: What did MLPs do in the previous recession ?; 7/25/2008 4:44 PM