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Master Limited PartnershipsA blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS. |
MONDAY MORNING...WAITING FOR A BREAKOUT AND A NEW MLP IPO
Posted on 11/06/2006 06:25 AM | Link | Post Comment
Good Monday Morning.
Not much happening this morning. We have no news and no upgrades or downgrades. The 10 year rate is at 4.74 up a couple of basis points; nothing tragic here. The energy complex is down a touch but nothing tragic there. So we look at higher stock futures to carry us at the open.
Atlas Pipeline Partners and Crosstex Energy have earnings out this week among others. Most of the ex-distributions for the quarter are done. Chartwise these stock looks solid and the AMZ MLP index is poised to breakout to a new closing all time highs. The Crosstex chart broke out of a trading range on the weekly chart...the daily chart suggests more upside here.
There was an IPO 2 weeks ago of a new MLP called Eagle Rock (EROC). My usual rule with the new ones is to let the trading settle out for the first month before considering purchase. I have yet to read through the prospectus. If anyone has and would like to post any details or observations please do so in the comment section or email me and i will post it to share with all. I'll try to get to it asap.
Not much happening this morning. We have no news and no upgrades or downgrades. The 10 year rate is at 4.74 up a couple of basis points; nothing tragic here. The energy complex is down a touch but nothing tragic there. So we look at higher stock futures to carry us at the open.
Atlas Pipeline Partners and Crosstex Energy have earnings out this week among others. Most of the ex-distributions for the quarter are done. Chartwise these stock looks solid and the AMZ MLP index is poised to breakout to a new closing all time highs. The Crosstex chart broke out of a trading range on the weekly chart...the daily chart suggests more upside here.
There was an IPO 2 weeks ago of a new MLP called Eagle Rock (EROC). My usual rule with the new ones is to let the trading settle out for the first month before considering purchase. I have yet to read through the prospectus. If anyone has and would like to post any details or observations please do so in the comment section or email me and i will post it to share with all. I'll try to get to it asap.
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Examples
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NOTE: Please click on the charts below to enlarge them if [read more]
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