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Wednesday, April 25, 2012

Nustar (NS) put up earnings and said all the right things on earnings but not on distributable cash flow which it said was well below 1x.. The stock is down 2 dollars on the news. When your paying out 1.09 and only have 60 cents, this could be a problem down the road. Still the company says everything business wise appears to be in good order.

MLPS as a whole are down today as market attention remains on the NASDAQ and Apple. Energy stocks dont seem to be participating all that strongly in the rally which is pretty narrow in scope.

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