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Master Limited Partnerships

A blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS.

MLPS In A Tight Trading Range

Posted on 02/16/2007 08:54:29 | Link | Post Comment

We've been in a tight range in the last 5 days on the AMZ MLP index bordered by 299.50 on the top side and 297.50 on the bottom side. We should break one way or the other soon. 10 year rates dropped big time yesterday to 4.72% right now. So at least from that angle we have support.

Thursday brings us earnings from Constellation Energy Partners  (CEP) which were down. This is the first earnings report since coming public for this company. There is some stock offered below yesterday's close. The company does say the numebrs were in line with their expectations. 

Meanwhile in reaction to good earnings yesterday Natural Resource Partners (NRP) was re-affirmed by Friedman Billings at outperform although it lowered its price target by 3 dollars.


Not much is happening this morning. Distribution checks from some MLPS hit the accounts yesterday and more will be hitting today and tomorrow so enjoy your income! The open approaches so we sit and wait patiently for any developements!

BTW in case anyone is interested the CBOE begins trading options in Boardwalk Partners (BWP) today

Stock Quote or
Examples
Morpheus Trading - Tue Sep 02, 2008 05:21AM
NOTE: Please click on the charts below to enlarge them [read more]
Morpheus Trading - Thu Sep 04, 2008 04:34AM
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Fri Sep 05, 2008 06:58AM
NOTE: Please click on the charts below to enlarge them if [read more]

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