Archive

MLP Week Thoughts: Linn-Berry Swirl Wins Week

24Feb
MLPs followed the broader market slightly lower this week, with some fireworks on the edges around earnings and deals (PVR and LINE, for example).  Natural gas and propane were both up big, but gold futures closed at their lowest point since late June, and are down 7.2% from the high for the year of 1695.4 reached on January 22.  Oil hit its lowest point

Week Thoughts: No Deals, MLPs Float Higher

15Feb
MLPs drifted higher throughout the week, with the Alerian MLP Total Return Index making all time highs Wednesday and Thursday, before dropping a bit Friday to close the week up 1.0% over last week.  The S&P 500 traded in a tight band all week, closing up 0.2%.  Not much of anything moved this week, with the exception of gold (down 3.6%, with a 1.7%

Week Thoughts: MLPs Pause to Throw Off Distributions

08Feb
This week, MLPs declined Friday to Friday for the first time this year, with the MLP Index falling 1.3% on a price basis.  There were many ex-dates in the last 10 days, which distorts things a bit, but the Alerian total return index was down 0.6% including distributions.  This happens every quarter, so its not a surprised and certainly shouldn't be

MLP Research: Accept This Justice as a Gift…

07Feb
Perhaps the best exchange in the movie Godfather for explaining how the mafia worked was when Bonasera is asking Don Corleone (the elder) a favor: Bonasera: How much shall I pay you [to kill some guy] Don Corleone: Bonasera, Bonasera, what have I ever done to make you treat me so disrespectfully?  If you'd come in friendship, this scum who ruined your

MLP Week Thoughts: KMP Polygamy Continues

01Feb
MLPs were up for the 5th straight week (+2.4% this week including distributions that have started flowing in).  MLPs were up 4 out of 5 days this week, and the 4 up days represented fresh all time highs for the MLP Index.  Strength probably attributable to buying in advance of distributions and strength in oil prices.  Stocks were up this week as well,