MLP Index At New All Time Highs

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Master Limited Partnerships

A blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS.

MLP Index At New All Time Highs

Posted on 01/22/2007 08:38 AM | Link | Post Comment

With the Dow down 100 points what better place to be than in yield and with energy up across the board buyers have shown up. The index is up 1.60 and it sits just over 287. Calumet Products Partners is today's big winner bu 1.41. Kinder Morgan Partners and Enterprise Products Partners both big winners today with strong fractional gains and they have about 20% of the index in terms of weighting. Smaller gains in a host of other issues.

Holly Partners (HEP)hasn't done much in the last year as it has been wavering sideways but its chart is suggesting that it may be breaking out to the upside. 43 is the clearing point.

Hiland Partners (HLND) trades thinly on Nasdaq so it doesn't really take much to move it in either direction. My guess is if they boost their distribution this should head for upper 50s to near 60.

As always this is my never to be humble opinion. Speaking of which winter has arrived and the overall pattern for the next few weeks will be for below normal temperatures in the heavy energy use areas of the midwest and especially the northeast which should turn bitter for a day or 2 late in the week