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.
Tuesday, August 12, 2008
Constellation Partners (CEP) is approaching a 16% yield. What is this? 1980?
Rumors surrounding CEG could also be impacting CEP.
From Bloomberg:"Utilities in the S&P 500 dropped 1.4 percent as a group. Constellation Energy Group Inc., the biggest U.S. power marketer, lost 10 percent to $65.72 after increasing its estimated collateral obligations related to possible credit-rating downgrades. "
and still no buyers...
ReplyDeleteI would assume the sellers of CEP don't feel that the distribution is safe.
ReplyDeleteRumors surrounding CEG could also be impacting CEP.
ReplyDeleteFrom Bloomberg:"Utilities in the S&P 500 dropped 1.4 percent as a group. Constellation Energy Group Inc., the biggest U.S. power marketer, lost 10 percent to $65.72 after increasing its estimated collateral obligations related to possible credit-rating downgrades. "
Bruce Sherman
Oakland, Oregon
It never ends with MLP's...All news is bad news with these things...
ReplyDeletetalk about bad timing as Jeffries upgraded CEG this morning from sell to hold!
ReplyDeleteThe ANALysts strike again!!!
ReplyDeletethese guys are lying about their hedges....the chips are about to fall
ReplyDelete