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Thursday, August 06, 2009

MLPS are down 3.50 on the index but really its hard to tell how much of this is actual selling vs just heavy profit taking from a big move combined with ex-distribution trading. My feeling is that it is the latter on a lot of these mlps. Also nasdaq mlps when they go ex-dis trade the change without any adjustments. For example Exterran Partners (EXLP) is down 2 bucks but nearly 50 cents of that loss is the ex distribution. Almost all mlps are down so far today.

Natural Resource Partners (NRP) isnt down by that much on its earnings..off about 40 cents and it was actually up for awhile earlier. Perhaps the statements about a bottom in the coal market are putting support underneath this one.

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