http://www.themoneyblogs.com/masterlimitedpartnerships/A blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS.http://images.blogeasel.com/feedlogo.gifhttp://www.themoneyblogs.com/masterlimitedpartnerships/en-usCopyright 2007 The Connors Group, Inc. The contents of this feed are available for non-commercial use only.TheMoneyBlogs http://www.TheMoneyBlogs.comhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/enjoy-the-view-since-its-better-than-the-mlp-chart.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/enjoy-the-view-since-its-better-than-the-mlp-chart.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/enjoy-the-view-since-its-better-than-the-mlp-chart.html Last night’s view from the Rainbow Room at the WNBC Christmas Party. Somebody needed to wash the windows on the 65th floor but the Empire State Building looks terrific. And of course there is the famous Christmas Tree (yes it is still a Christmas Tree) which with the new politicallly and enviornmentally correct lights looks beautiful! Which is better to look at the tree above or the chart below? Another day where the dow was up nearly 200 points. So we’ve had almos Last night’s view from the Rainbow Room at the WNBC Christmas Party. Somebody needed to wash the windows on the 65th floor but the Empire State Building looks terrific. And of course there is the famous Christmas Tree (yes it is still a Christmas Tree) which with the new politicallly and enviornmentally correct lights looks beautiful! Which is better to look at the tree above or the chart below? Another day where the dow was up nearly 200 points. So we’ve had almos...Joseph Cioffi2007-12-07 04:37:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/back-to-work-monday.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/back-to-work-monday.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/back-to-work-monday.html Sure hope everyone’s Thanksgiving Holiday was a good one. But now the long weekend is over and its back to work today. MLPS had a rare up day on Friday in the overall market low volume bounce. Still it was a 2 point up move on the index which has not had an up day of more than a tiny fraction in the last 3 weeks.Shooting for a triple bottom in here and we remain grossly oversold so a snapback rally is in order. Whether its anything more than that depends on that dow chart below.Last week Sure hope everyone’s Thanksgiving Holiday was a good one. But now the long weekend is over and its back to work today. MLPS had a rare up day on Friday in the overall market low volume bounce. Still it was a 2 point up move on the index which has not had an up day of more than a tiny fraction in the last 3 weeks.Shooting for a triple bottom in here and we remain grossly oversold so a snapback rally is in order. Whether its anything more than that depends on that dow chart below.Last week...Joseph Cioffi2007-11-26 05:28:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/oil-nearing-100-dollars-as-dollar-collapses-and-stocks-implode.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/oil-nearing-100-dollars-as-dollar-collapses-and-stocks-implode.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/oil-nearing-100-dollars-as-dollar-collapses-and-stocks-implode.html Other than those three things everything else is fine this morning! So enjoy your breakfast! My wife is making fresh biscuits! So before i worry about whatever awaits MLPS today...its coffee and a good breakfast.The MLP chart above continues to display indecisiveness as it sort of straddles along the moving averages. This is going on as the dow industrials continue to fight to hold 13500 and we will at least retest that this morning at the open.Meanwhile Oil nears 100 dollars and Other than those three things everything else is fine this morning! So enjoy your breakfast! My wife is making fresh biscuits! So before i worry about whatever awaits MLPS today...its coffee and a good breakfast.The MLP chart above continues to display indecisiveness as it sort of straddles along the moving averages. This is going on as the dow industrials continue to fight to hold 13500 and we will at least retest that this morning at the open.Meanwhile Oil nears 100 dollars and...Joseph Cioffi2007-11-07 05:46:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/boo.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/boo.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/boo.html Happy Halloween and what a day we have ahead of us. Last day of the month, last day of the year for mutual funds who close their books today, the fed meeting and a decision, and Halloween. Could you ask for more reasons for a confused and volatile enviornment? Ex distributions continue this morning with Plains All American (PAA) among others locking payouts to holders so some index distortions continue. We have news this morning from Encore Energy Partners LP (ENP) as it posts earning Happy Halloween and what a day we have ahead of us. Last day of the month, last day of the year for mutual funds who close their books today, the fed meeting and a decision, and Halloween. Could you ask for more reasons for a confused and volatile enviornment? Ex distributions continue this morning with Plains All American (PAA) among others locking payouts to holders so some index distortions continue. We have news this morning from Encore Energy Partners LP (ENP) as it posts earning...Joseph Cioffi2007-10-31 03:59:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/be-still-my-heart-enbridge-partners-boosts-its-distribution.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/be-still-my-heart-enbridge-partners-boosts-its-distribution.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/be-still-my-heart-enbridge-partners-boosts-its-distribution.htmlMLPS moved late in the day yesterday and closed up over 2 points on the index and as a result we have now nicely cleared 310. So out of that W bottom formation on the chart i would say that we should make a serious challenge to the all time high of 342 in the medium term.Meanwhile the Enbridge Energy Partners (EEP) holders are the definition of patience. They have not seen a distribution increase in years. And as a result the stock price has really gone nowhere over the long term. Your money cerMLPS moved late in the day yesterday and closed up over 2 points on the index and as a result we have now nicely cleared 310. So out of that W bottom formation on the chart i would say that we should make a serious challenge to the all time high of 342 in the medium term.Meanwhile the Enbridge Energy Partners (EEP) holders are the definition of patience. They have not seen a distribution increase in years. And as a result the stock price has really gone nowhere over the long term. Your money cer...Joseph Cioffi2007-10-30 04:57:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/mlps-up-4-in-a-row-as-the-chart-repair-continues.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/mlps-up-4-in-a-row-as-the-chart-repair-continues.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/mlps-up-4-in-a-row-as-the-chart-repair-continues.html Friday’s solid up close puts us above all the moving averages and in position to finally clear the 310 level. We have a few things at work this week including the end of the year for mutual funds which have to close their books on 10/31. Also the fed meeting with a quarter of a point baked into the cake. And we will soon begin going ex-distribution en masse! Its been a slow but steady repair and base building on the MLP chart so i feel confident we have the wind at our backs here fo Friday’s solid up close puts us above all the moving averages and in position to finally clear the 310 level. We have a few things at work this week including the end of the year for mutual funds which have to close their books on 10/31. Also the fed meeting with a quarter of a point baked into the cake. And we will soon begin going ex-distribution en masse! Its been a slow but steady repair and base building on the MLP chart so i feel confident we have the wind at our backs here fo...Joseph Cioffi2007-10-29 03:51:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/kinder-morgan-blows-em-away-as-mlps-seek-direction.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/kinder-morgan-blows-em-away-as-mlps-seek-direction.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/kinder-morgan-blows-em-away-as-mlps-seek-direction.htmlNice comeback yesterday for the MLP index which was down nearly 2 points and rallied all the way back to just shy of the flatline. Last week’s breakout remains intact.This morning we should start with a nice opening boost from Kinder Morgan Partners which last night boosted its distribution by 3 cents to 88 cents and showed an increase in distributable cash flow of 26%.Its chart mirrors the MLP index almost tick for tick and is a large component of the index. Earnings were up 5% in the quaNice comeback yesterday for the MLP index which was down nearly 2 points and rallied all the way back to just shy of the flatline. Last week’s breakout remains intact.This morning we should start with a nice opening boost from Kinder Morgan Partners which last night boosted its distribution by 3 cents to 88 cents and showed an increase in distributable cash flow of 26%.Its chart mirrors the MLP index almost tick for tick and is a large component of the index. Earnings were up 5% in the qua...Joseph Cioffi2007-10-18 06:12:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/earnings-and-distribution-announcements-coming.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/earnings-and-distribution-announcements-coming.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/earnings-and-distribution-announcements-coming.htmlOver the next 2 weeks or so we will be getting our stream of earnings and payout boosts.We continue on our winning streak which is at 7. We are also have broken out on the daily chart out of that trading range so i guess the next logical place to head to will be the old high at 342.I guess because of the magnitude of the decline in August has me nervous about this but i am trying to keep the emotion out of it and keeping focus on an improving chart pattern. Meanwhile notice the Teppco (TPP) Over the next 2 weeks or so we will be getting our stream of earnings and payout boosts.We continue on our winning streak which is at 7. We are also have broken out on the daily chart out of that trading range so i guess the next logical place to head to will be the old high at 342.I guess because of the magnitude of the decline in August has me nervous about this but i am trying to keep the emotion out of it and keeping focus on an improving chart pattern. Meanwhile notice the Teppco (TPP) ...Joseph Cioffi2007-10-15 04:50:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/200-day-and-34-day-movning-averages-approach.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/200-day-and-34-day-movning-averages-approach.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/200-day-and-34-day-movning-averages-approach.html The damage repair continues this morning as we are higher and for the first time since late July we are straddling to move above the 34 day moving average, which is bullish. 305 and change is where the 200 day lies and my guess is we are headed there over the short term.No news this morning and no upgrades or downgrades. The bigger caps are higher like Oneok (OKS) Nustar (NS), Plains All American(PAA) Boardwalk (BWP) are up by fractions. Alliance Resource Holdings (AHGP) The damage repair continues this morning as we are higher and for the first time since late July we are straddling to move above the 34 day moving average, which is bullish. 305 and change is where the 200 day lies and my guess is we are headed there over the short term.No news this morning and no upgrades or downgrades. The bigger caps are higher like Oneok (OKS) Nustar (NS), Plains All American(PAA) Boardwalk (BWP) are up by fractions. Alliance Resource Holdings (AHGP) ...Joseph Cioffi2007-10-09 07:41:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/mlps-looking-to-extend-rally.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/mlps-looking-to-extend-rally.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/mlps-looking-to-extend-rally.htmlWe have Columbus Day in the US, Thanksgiving Day in Canada, and Sports Day in Japan so trading might be a touch subdued. Still for those of us around today we will be keying on last week’s powerful late week reversal and and see whether it continues today. Charts and technicals are short term bullish right now so the first challenge will be to get above the 2oo day moving average which sits around 305. Also the 34 day moving average which i watch for short term support is at 302. Now i We have Columbus Day in the US, Thanksgiving Day in Canada, and Sports Day in Japan so trading might be a touch subdued. Still for those of us around today we will be keying on last week’s powerful late week reversal and and see whether it continues today. Charts and technicals are short term bullish right now so the first challenge will be to get above the 2oo day moving average which sits around 305. Also the 34 day moving average which i watch for short term support is at 302. Now i ...Joseph Cioffi2007-10-08 07:34:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/new-quarter-begins-where-to-from-here.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/new-quarter-begins-where-to-from-here.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/new-quarter-begins-where-to-from-here.htmlLets put this in perspective. Down about 11% for the quarter and since i’ve doing this probably the worst quarter i’ve experienced. But year over year we are up about 10% and that doesn’t include 4 distributions which brings year over year total return at over 16%. So in the scope of things we’re still in a pretty good place. We have not broken down here and we certainly have lots of headroom to rally here. The 200 day moving average is at 306.44 and have been traLets put this in perspective. Down about 11% for the quarter and since i’ve doing this probably the worst quarter i’ve experienced. But year over year we are up about 10% and that doesn’t include 4 distributions which brings year over year total return at over 16%. So in the scope of things we’re still in a pretty good place. We have not broken down here and we certainly have lots of headroom to rally here. The 200 day moving average is at 306.44 and have been tra...Joseph Cioffi2007-10-01 06:16:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/distribution-boosts-for-the-energy-transfer-pair.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/distribution-boosts-for-the-energy-transfer-pair.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/distribution-boosts-for-the-energy-transfer-pair.htmlIts a nice distribution increase for both Energy Transfer Partners (ETP) and Energy Transfer Equity but there was this registration statement filed yesterday as the company is offering 2 billion in securities. Looks like they are out shopping for something. But the market doesn’t seem to care so both stocks are lower this morning by fractions.Meanwhile this morning MLPS opened higher but the index has now turned lower by 2 cents. It remains above the 300 level but barely. It traded down toIts a nice distribution increase for both Energy Transfer Partners (ETP) and Energy Transfer Equity but there was this registration statement filed yesterday as the company is offering 2 billion in securities. Looks like they are out shopping for something. But the market doesn’t seem to care so both stocks are lower this morning by fractions.Meanwhile this morning MLPS opened higher but the index has now turned lower by 2 cents. It remains above the 300 level but barely. It traded down to...Joseph Cioffi2007-09-26 07:12:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/upgrade-the-lpdowngrade-the-gp.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/upgrade-the-lpdowngrade-the-gp.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/upgrade-the-lpdowngrade-the-gp.html Deutche Bank is upgrading Buckeye Partners (BPL) and raising its target price to 59 dollars from 51. At the same time it is downgrading Buckeye Holdings to hold from buy and holding its price target at 28 dollars. Upgrades and downgrades make for one day moves if that.The LP has underperformed the GP over the last year. In fact Buckeye Holdings has more than doubled since its IPO last year near and traded as low as 15 dollars. In the news this morning K-Sea Partners (KSP) is doing Deutche Bank is upgrading Buckeye Partners (BPL) and raising its target price to 59 dollars from 51. At the same time it is downgrading Buckeye Holdings to hold from buy and holding its price target at 28 dollars. Upgrades and downgrades make for one day moves if that.The LP has underperformed the GP over the last year. In fact Buckeye Holdings has more than doubled since its IPO last year near and traded as low as 15 dollars. In the news this morning K-Sea Partners (KSP) is doing...Joseph Cioffi2007-09-20 06:06:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/mlps-catch-a-bid-on-the-back-of-the-fed-cuts.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/mlps-catch-a-bid-on-the-back-of-the-fed-cuts.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/mlps-catch-a-bid-on-the-back-of-the-fed-cuts.html I guess that ledge on the chart from the action of the last 2 weeks was the formation of a launching pad. The MLP index was up over 1% yesterday...3 plus points on the back of the spectacular post fed rally. We have a few hurdles to get through like those moving averages which are still above us but i think the odds favor us going above those in the next week or so. From top to bottom we’ve sustained a 20% correction...much deeper than the overall market so it would be expected that we I guess that ledge on the chart from the action of the last 2 weeks was the formation of a launching pad. The MLP index was up over 1% yesterday...3 plus points on the back of the spectacular post fed rally. We have a few hurdles to get through like those moving averages which are still above us but i think the odds favor us going above those in the next week or so. From top to bottom we’ve sustained a 20% correction...much deeper than the overall market so it would be expected that we...Joseph Cioffi2007-09-19 04:04:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/ubs-on-the-horn.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/ubs-on-the-horn.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/ubs-on-the-horn.htmlUBS is sounding the trumpets this morning and upgrading 2 of the bigger cap MLPS...Oneok LP (OKS) and Teppco (TPP) to buy from hold. The charts below tell us that of the 2 Oneok (OKS) has been the better performer. In fact the weekly chart of Oneok still looks pretty good with the longer term uptrend in tact.The daily chart is trailing the MLP index pretty well which does not look that good lately. Meanwhile Teppco has been prett much going sideways for the last couple of years since they have hUBS is sounding the trumpets this morning and upgrading 2 of the bigger cap MLPS...Oneok LP (OKS) and Teppco (TPP) to buy from hold. The charts below tell us that of the 2 Oneok (OKS) has been the better performer. In fact the weekly chart of Oneok still looks pretty good with the longer term uptrend in tact.The daily chart is trailing the MLP index pretty well which does not look that good lately. Meanwhile Teppco has been prett much going sideways for the last couple of years since they have h...Joseph Cioffi2007-09-13 05:14:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/selloff-continues-with-no-sign-of-a-bottom.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/selloff-continues-with-no-sign-of-a-bottom.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/selloff-continues-with-no-sign-of-a-bottom.html THE DAILY CHART IS UGLY THE WEEKLY CHART IS UGLY And so it goes in MLP land. I continue to believe that hedge funds have been selling in here and i would expect this to continue through the rest of the month with any rallies met by selling. If this plays out however we could put in a meaningful bottom in here and set up for a nice rally for the forth quarter. However we are still at the mercy of the overall market and if the market breaks down after next Tuesday’s fed decis THE DAILY CHART IS UGLY THE WEEKLY CHART IS UGLY And so it goes in MLP land. I continue to believe that hedge funds have been selling in here and i would expect this to continue through the rest of the month with any rallies met by selling. If this plays out however we could put in a meaningful bottom in here and set up for a nice rally for the forth quarter. However we are still at the mercy of the overall market and if the market breaks down after next Tuesday’s fed decis...Joseph Cioffi2007-09-12 04:19:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/mlps-hold-300-on-the-index.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/mlps-hold-300-on-the-index.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/mlps-hold-300-on-the-index.html It was my theory yesterday that somebody (read hedge fund) was unwinding yesterday as the index was weak all day long until about 2:30 when some nibbling began. Also most of the losses were concentrated in the bigger caps in the index like Oneok (OKS) for example. I can’t prove it but it just had that feel. Still 300 held and now we need to get back to 307.25 to get above the 200 day moving average. Chart would suggest lower prices in the short term but the overall ma It was my theory yesterday that somebody (read hedge fund) was unwinding yesterday as the index was weak all day long until about 2:30 when some nibbling began. Also most of the losses were concentrated in the bigger caps in the index like Oneok (OKS) for example. I can’t prove it but it just had that feel. Still 300 held and now we need to get back to 307.25 to get above the 200 day moving average. Chart would suggest lower prices in the short term but the overall ma...Joseph Cioffi2007-09-11 06:03:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/either-a-launching-pad-or-a-diving-board.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/either-a-launching-pad-or-a-diving-board.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/either-a-launching-pad-or-a-diving-board.html That’s the way it looks on this chart which is not of my making. So much focus is on the jobs number this morning which makes it sort of anti-climatic. Still it will be a mover. MLPs are looking at a 10 year under 4.50% which i think limits downside now that risk has been priced back in on the spreads. My own view on the MLP index is that the group made its bottom in August and we are base building. Of course a retrest of the lows isn’t out of the question if the overall mark That’s the way it looks on this chart which is not of my making. So much focus is on the jobs number this morning which makes it sort of anti-climatic. Still it will be a mover. MLPs are looking at a 10 year under 4.50% which i think limits downside now that risk has been priced back in on the spreads. My own view on the MLP index is that the group made its bottom in August and we are base building. Of course a retrest of the lows isn’t out of the question if the overall mark...Joseph Cioffi2007-09-07 04:21:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/mlp-index-claws-back-to-200-day-moving-average.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/mlp-index-claws-back-to-200-day-moving-average.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/mlp-index-claws-back-to-200-day-moving-average.html Its only by a few ticks but we are sitting just above the 200 day moving average for the first time in a few weeks. The chart looks like it is trying to bottom in here. Of course we are still getting whipped around by the overall market which is starting weaker this morning. But i like weak opens and this could be some profit taking after the strength over the last few days.Its not the prettiest chart but it is trying to mend itself.Meanwhile this morning we have slightly higher Its only by a few ticks but we are sitting just above the 200 day moving average for the first time in a few weeks. The chart looks like it is trying to bottom in here. Of course we are still getting whipped around by the overall market which is starting weaker this morning. But i like weak opens and this could be some profit taking after the strength over the last few days.Its not the prettiest chart but it is trying to mend itself.Meanwhile this morning we have slightly higher...Joseph Cioffi2007-09-05 05:16:00http://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/copano-makes-a-big-buy-and-urges-a-big-distribution-increase.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/copano-makes-a-big-buy-and-urges-a-big-distribution-increase.htmlhttp://www.themoneyblogs.com/masterlimitedpartnerships/my.blog/copano-makes-a-big-buy-and-urges-a-big-distribution-increase.html Haven’t had one of these deals since early July and this one is a nice one for Copano holders. The company is making a big purchase and it is going to ask the board to take the distribution to 53.5 cents a share or a 9 cent increase (22%) beginning this quarter.The chart shows Copano has held up fairly well during all this August turmoil. The company also sees the distribution going to 3 bucks annual by 2010. Now that is 2+ years from now but at 3 bucks annual works out to at lea Haven’t had one of these deals since early July and this one is a nice one for Copano holders. The company is making a big purchase and it is going to ask the board to take the distribution to 53.5 cents a share or a 9 cent increase (22%) beginning this quarter.The chart shows Copano has held up fairly well during all this August turmoil. The company also sees the distribution going to 3 bucks annual by 2010. Now that is 2+ years from now but at 3 bucks annual works out to at lea...Joseph Cioffi2007-09-04 04:51:00