| Search by tag or site | Login to my blog ? Start my own blog |
 |
Master Limited PartnershipsA blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS. |
Quiet On The Mlp Front...duke Midstream Earnings Later Today...and What Of E V Partners?
Posted on 02/21/2007 04:30 AM | Link | Post Comment
We're still in a very tight trading range on the MLP index which has been sitting between 297 and 299.50 for the last 7 days. Yesteday's even close and not to far from the high of the day was encouraging. So today starts with not much happening. Earnings from Duke Midstream (DPM) are due out after the close today and they should be a good set of figures. No other corporate headlines so far this morning but its early and as of this posting no upgrades or downgrades.
EV Partners has been active recently thanks to a mention in Barrons a few weeks ago. Remember this one has already pre-announced a 6 cent distribution increase so it is priced to yield right now at just under 7%.
which means to me that there is some upside here to perhaps 29 or 30 by the time the next distribution rolls around and this assumes no other deals are done to add to numbers. A pullback to the moving averages might be a nice place to get in but lately in many MLPS trips down to support have been few and far between. We spent most of last week sitting tightly at 25.85 and yesteday we moved aboved it. So the risk is obvious...if you wait for a pullback it may never come...unless you buy here and then the pullback is a certainty (just because i'mnot paranoid doesn't mean they aren't plotting against me!) . Its never easy but i still think ultiamtely 30 is doable here in the next 2 months. BTW in the interest of disclosure i have built a position at just under 26. I'm on the road to Boston today to take care of business so i will blog as soon as i can get to a Starbucks. Energy complex btw is down this morning as are stock futures so the morning begins with some headwinds.
EV Partners has been active recently thanks to a mention in Barrons a few weeks ago. Remember this one has already pre-announced a 6 cent distribution increase so it is priced to yield right now at just under 7%.
which means to me that there is some upside here to perhaps 29 or 30 by the time the next distribution rolls around and this assumes no other deals are done to add to numbers. A pullback to the moving averages might be a nice place to get in but lately in many MLPS trips down to support have been few and far between. We spent most of last week sitting tightly at 25.85 and yesteday we moved aboved it. So the risk is obvious...if you wait for a pullback it may never come...unless you buy here and then the pullback is a certainty (just because i'mnot paranoid doesn't mean they aren't plotting against me!) . Its never easy but i still think ultiamtely 30 is doable here in the next 2 months. BTW in the interest of disclosure i have built a position at just under 26. I'm on the road to Boston today to take care of business so i will blog as soon as i can get to a Starbucks. Energy complex btw is down this morning as are stock futures so the morning begins with some headwinds.
- 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!
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- e-techblog
- SiliconValleyWatcher
- Millionaire Now! by Larry Nusbaum
- Ludwig von Mises Institute
- Credit Bloggers
- Wishing Wealth
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]
Hedge funds have made billions this year shorting the banks, [read more]
<< My Home | TheMoneyBlogs Home