The mlp index broke through the 340 level and is s...
The mlp index broke through the 340 level and is sitting right on it as lunch is underway. News related movers, Atlas Pipeline Partners (APL) and Atlas Holdings (AHD) initial took some selling on the delay of the Anandarko purchase but they both are well off their lows with just fractional losses. Energy Transfer Partners (ETP)and Energy Transfer Equity (ETE) are fractional losers on last nights earnings news.
Global Partners(GLP) and Constellation Partners (CEP) are up a point apiece as the biggest winners. Lots of fractional winners on the board in many issues. Losers today include Suburban Propane (SPH) and Ferrellgas (FGP) both losing major fractions. Other losers were generally shedding 25 cents or less.
Sold out my nat gas options this morning at a nice profit. Out of UNG as well with a nice piece of change. On the sidelines waiting for another entry point.
The above story is the opinion of the author only and it does not reflect
iStockAnalyst opinion. Further, the author is not personally advising you
regarding the suitability of the story for your investment needs. In no event
iStockAnalyst will be liable for any loss or damage including without
limitation, indirect or consequential loss or damage, or any loss or damage
whatsoever arising from or arising out of, or in connection with the use of this
information. Please consult your investment advisor before making any investment
decision.
