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.
Monday, July 07, 2008
Well it took a while but at least the double short Oil and Gas (DUG) has a nearly 2 point gain today as we are now at the lows of the day..down nearly 5 points on the mlp index. Getting close to that 262 level.
One of the things about investing that confounds me is why the sudden and urgent need to sell? Take BPL as an example, it was $50.00 about 6 weeks ago, it's now approaching $40.00. Nothing has really changed and there is no break in the selling. I have averaged down several times, as we approach 10% yields across the board on most 2009 distributions. For alot of MLP's we will be pushing 11% soon.
When crude ramps, NS goes down because asphalt margins get squeezed. Crude falls and NS falls to its lowest price in over a year. When does NS actually go up?
I have long wanted to buy some GP's and got my chance today with a 1/2 position in ETE at $27.58.
In my view, at today's prices many of the GP's represent a particularly good long-term play--particularly for those of us who already own several LP's.
Everyone is screaming that EPD is a buy because Dan is buying, but it is still yield almost 100 points better than everyone else. It will keep dopping until they are more equal.
I understand that the MLP's downturn is due to the lack of buyers, but I am seeing the volumes on some of the MLPs and it appears that there is an institutional seller out there doing this. Doeas anyone have any insight?
I also wonder when the retail investors will see the great buys and start acquiring these MLPs again.
One of the things about investing that confounds me is why the sudden and urgent need to sell? Take BPL as an example, it was $50.00 about 6 weeks ago, it's now approaching $40.00. Nothing has really changed and there is no break in the selling. I have averaged down several times, as we approach 10% yields across the board on most 2009 distributions. For alot of MLP's we will be pushing 11% soon.
ReplyDeleteI have been wrong for months, so I have no idea.
Dan Duncan continues to buy EPD shares like there is no tomorrow...Nobody knows more about this business than Dan Duncan.
ReplyDeleteWhen crude ramps, NS goes down because asphalt margins get squeezed. Crude falls and NS falls to its lowest price in over a year. When does NS actually go up?
ReplyDeleteWas that the puke?
ReplyDeleteEVEP -8%...C'mon now. Doesn't this selloff seem slightly overdone???
ReplyDeleteI have long wanted to buy some GP's and got my chance today with a 1/2 position in ETE at $27.58.
ReplyDeleteIn my view, at today's prices many of the GP's represent a particularly good long-term play--particularly for those of us who already own several LP's.
Bruce Sherman
Oakland, Oregon
DEP is now yielding 9.5%. Not the fastest grower, but that's too cheap. NSH is too cheap too, IMO.
ReplyDeletemy answer to every post.
ReplyDeletebear market!
Everyone is screaming that EPD is a buy because Dan is buying, but it is still yield almost 100 points better than everyone else. It will keep dopping until they are more equal.
ReplyDeleteI understand that the MLP's downturn is due to the lack of buyers, but I am seeing the volumes on some of the MLPs and it appears that there is an institutional seller out there doing this. Doeas anyone have any insight?
ReplyDeleteI also wonder when the retail investors will see the great buys and start acquiring these MLPs again.