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Wednesday, June 10, 2009

Crosstex (XTXI) is up 25 cents and over 5 dollars in the premarket on the asset sale. Other uptics in scattered mlps in the pre market as well. Futures up 12 on the S&P.

1 comment:

jcarroll1948 said...

This is a follow-up to Max's comment and Joe's reply from yesterday. I have purchased a couple of MLPs immediately after they announced new offerings and have been pleased with the results. As Joe noted, the price goes down a few percent upon the announcement, but tends to go back up within a week or two. Seems reasonable to me that the new money increases the likelihood future distributions will increase, or at least not decrease.
JCarroll