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Thursday, April 22, 2010

MLPS IN A HOLDING PATTERN!



First off sorry for no posts until now. I've been working almost non stop since Monday afternoon. Distribution hikes are announced for Kinder Morgan Partners (KMP) and Magellan Midstream Partners (MMP). For the most part its all baked into the cake. Kinder is down slightly and Magellan is down about 50 cents. Other than that there isnt too much happening. Companies are announcing their earnings dates so we have that to look foward to. The market has been under a little pressure since the open. MLPS were down nearly 3 before rallying back to a loss of 1 as of this post. The dow is down around 80 points. Just a handful of winners like Inergy Holdings (NRGP) and Exterran Partners (EXLP) which are both up about 40 cents or so. Watch Inergy when it announces its payout as it boosted last quarter by 7 percent and that has propelled the stock to 76 before the recent pullback. There may be more firepower left if they come through with another big hike.

Not much else happening. Nat gas is up on inventory numbers and crude is down a bit following stocks.

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