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Master Limited PartnershipsA blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS. |
ENERGY AND RATES COLLAPSE...WHAT NEXT FOR MLPS?...AND A BIG DISTRIBUTION ANNOUNCEMENT!
Good Morning.
Over the weekend gasoline prices in my nieghborhood went from 2.63 a gallon on Friday afternoon to 2.39 a gallon Sunday night! And crude oil is now under 60 bucks as we have a 59 handle on it. Nat gas is down another 16 cents to $4.70. We also have a collapsing 10 year yield at 4.57% this morning as we head for 4.50. So that enviornment hasn't changed from last week. There are a number of issues here including when or if MLPS will disconnect from the rest of the Energy group...whether end of quarter selling in this group has already all been done...and will Energy prices start bottoming?
No surprise really from Energy Tranfer Equity(ETE), the general partner of Energy Transfer Partners (ETP) makes a big distribution announcement this morning. Will they sell on the good news or continue to rally on the breakout in the chart pattern.?
No other breaking corporate news this morning and no upgrades or downgrades.
- Enjoy The View Since Its Better Than The Mlp Chart!
- Back To Work Monday!
- Oil Nearing 100 Dollars As Dollar Collapses And Stocks Implode!
- Boo!
- Be Still My Heart. Enbridge Partners Boosts Its Distribution!
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NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Hedge funds have made billions this year shorting the banks, [read more]
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