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Master Limited Partnerships

A blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS.

Back To Work...Where To Now?

Posted on 02/20/2007 06:19 AM | Link | Post Comment
Tuesday after a holiday weekend and we're seeing a slow start to action this morning. There are no corporate developements and no upgrades or downgrades so far. The energy complex is down. rates and stocks are flat. So there really ins't much to hang our hats on. The MLP index traded in a 2 point range all last week and i guess that continues today.

Over the weekend i spent some time looking over charts of many MLPS and have noticed that there are some that are looking very good. Some that look so-so and some that don't look too good. I am trying to get a feel for whether we are getting close to a top in this bull move.


Energy Transfer Equity has been on a nice uptrend that continues as the weekly chart shows. No sign of a top here and mid 30s (35-37) seems a reasonable place for this one to get to before the next distribution. Below we have Williams Companies which broke out on Friday above 42 and may have 44-47 in its view on this upleg.

Meanwhile Crosstex (XTEX) and (XTXI) continue to extend their bases on the weekly chart. Holding those moving averages is important of course but it looks to me for these 2 that more sideways movement seems likely and there might be better places to put short term money.

I'll be posting more charts as the day wears on.

Earnings just hit the tape for Hiland Partners (HLND)and Hiland Holdings(HPGP). Now i never can figure out whether the First call estimate is important or not so i'll put it out there. The estimate was for 36 cents so they look 6 cents below. But who knows what needs to be excluded or added back in. Hiland Holdings (HPGP) has some stock offered at the Friday closing price which usually is a sign of a down open. No clues from the premarket on HLND.

1 Comments:

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posted by vepwjrlc whcjzr @ 03/09/2007 12:17:00

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