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MLP INDEX BREAKING OUT...DEUTCHE BANK ON THE HORN......CROSSTEX AT 100!....and GOOD JOB CNBC SQUAWK BOX!
Posted on 10/17/2006 08:23 AM | Link | Post Comment
Deutche Bank is on the horn this Tuesday morning on a couple of the GP's. It likes Valero GP and starts that one at a buy with a $24 target. It likes Buckeye Holdings a bit less and starts that one with a hold. It also like Teekay LNG Partners (TGP) with a buy and a $36 target. Meanwhile crude is up this morning and over the 60 dollar mark and nat gas just continues to soar; up another 38 cents today.
I thought that Energy Transfer Partners (ETP) would have earnings out this morning but so far nothing on the wire...maybe after the close. No other news items this morning but with earnings coming out in the next few weeks and distribution announcements as well i'd like to make this point. The non hurricane season this year may benefit in 2 ways. One is the obvious one that there was no damage to companies in our universe. But the other could be that repairs from last year may be getting done faster than forecast thanks to no interruptions. This was an issue with a few companies like Markwest Energy (MWE) for example. The market seems to be pricing in good numbers for the group so look for these stocks to continue their upside with of course buying opportunities (pullbacks) along the way.
Looks to me like the MLP Index is finally breaking out of its base and we could be at the beginning of a serious upleg here that could go on for quite awhile. At the very least we should see a serious retest of the all-time highs around 275.
The shorter term daily chart shows a breakout here above 262. More upside coming in my book. Also i posted yesterday about Crosstex LP (XTEX) and just wish to point out that Crosstex (XTXI) is rallying back to the 100 level.
There is a 3 for 1 split coming on this one. Meanwhile the Crosstex(XTEX) weekly chart below...
...clearing 37.50-38 and a close above 38 and this one could rally back to its old high.
I mentioned yesterday that I like Atlas Pipeline Partners (APL) and i bought more shares yesterday morning when the stock was down (lucky me!). I also took a position late yesterday in Atlas Holdings (AHD) as the GP has not done much since the IPO. In fact its under the price it came public at. But I don't think it will be for much longer once investors take notice. PPI will be a market mover this morning so we wait for that and any other developments. BTW one quick mention...KUDOS to CNBC SQUAWK BOX for the good job they did this morning on all the breaking news hitting them left and right. The squawk anchors are very good at what they do and make the show enjoying to watch. I AM A HUGE BECKY QUICK FAN! I think she is one of the best anchors on television.This is quite unlike the shows that follow which in my view should be watced only with the mute button close at hand! And don't get me started on the Maria Bartiromo show!
I thought that Energy Transfer Partners (ETP) would have earnings out this morning but so far nothing on the wire...maybe after the close. No other news items this morning but with earnings coming out in the next few weeks and distribution announcements as well i'd like to make this point. The non hurricane season this year may benefit in 2 ways. One is the obvious one that there was no damage to companies in our universe. But the other could be that repairs from last year may be getting done faster than forecast thanks to no interruptions. This was an issue with a few companies like Markwest Energy (MWE) for example. The market seems to be pricing in good numbers for the group so look for these stocks to continue their upside with of course buying opportunities (pullbacks) along the way.
Looks to me like the MLP Index is finally breaking out of its base and we could be at the beginning of a serious upleg here that could go on for quite awhile. At the very least we should see a serious retest of the all-time highs around 275.
The shorter term daily chart shows a breakout here above 262. More upside coming in my book. Also i posted yesterday about Crosstex LP (XTEX) and just wish to point out that Crosstex (XTXI) is rallying back to the 100 level.
There is a 3 for 1 split coming on this one. Meanwhile the Crosstex(XTEX) weekly chart below...
...clearing 37.50-38 and a close above 38 and this one could rally back to its old high.
I mentioned yesterday that I like Atlas Pipeline Partners (APL) and i bought more shares yesterday morning when the stock was down (lucky me!). I also took a position late yesterday in Atlas Holdings (AHD) as the GP has not done much since the IPO. In fact its under the price it came public at. But I don't think it will be for much longer once investors take notice. PPI will be a market mover this morning so we wait for that and any other developments. BTW one quick mention...KUDOS to CNBC SQUAWK BOX for the good job they did this morning on all the breaking news hitting them left and right. The squawk anchors are very good at what they do and make the show enjoying to watch. I AM A HUGE BECKY QUICK FAN! I think she is one of the best anchors on television.This is quite unlike the shows that follow which in my view should be watced only with the mute button close at hand! And don't get me started on the Maria Bartiromo show!
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