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Master Limited PartnershipsA blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS. |
Rising Energy Futures...flat 10 Year Rates...strong Stock Futures..mlps Set To Rise Again!
Good Morning to all and its one of those mornings where it looks like the tape will dictate the flow. Its positive on all three levels so look for an up open on MLPS. Its also a morning where there is absolutely no corporate news headlines and no upgrades or downgrades. So what to blog about? How about the weather since it will have energy impact. 
6 to 10 day outlook from our friends at the National Weather Service and below we have the 8 to 14 day outlook from our same friends! 
Note that the 6 to 10 day forecast and the 8 to 14 day forecast are for below normal temperatures most of the fuel eating states. So there will be at least a floor under prices for oil and natural gas. I would also like to remind you at this point that like those fabulous hurricane forecasts..."the northeast is looking down the barrel of a gun"...weather is absolutely not baked into the energy futures cake. That is why every little cold outbreak brings in a round of fresh buying and has pushed nat gas back above 8 bucks. If we lock into a 6 to 8 week colder than normal pattern look for energy prices to continue to rise.
We had a one point gain in the MLP index yesterday which gets back most of yesterday's loss. Copano (CPNO) finishes down 2 and change on its stock offering. Otherwise we had flat to higher closes in most MLPS on Tuesday. Meanwhile LINN Energy continues to be on the verge of another upleg imho and a close above 26 with volume could take this one to 30 very quickly.
Another reminder...join the MLP Discussion group and talk about your favorite MLP or your ideas on MLPS...whatever..just click the link here and sign up!
- Enjoy The View Since Its Better Than The Mlp Chart!
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NOTE: Please click on the charts below to enlarge them [read more]
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]
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