Featured Articles
Quiet Start to Today
Tim McPartland | December 2, 2014
December 2, 2014 9 amToday is starting off quiet with the MLP's gaining some footing after the earlier slams even though oil is off $1/barrel from yesterdays giant crude rally. It is likely we will stabalize right in here--both on crude prices and oil stock prices. Movements will likely be 'drifts' versus plunges and spikes. Watch for the EIA report…
Tough Day – 1/2% Lost in Model
Tim McPartland | December 1, 2014
Today took a 1/2% off of the performance YTD in the 2014 Model--the majority related to a couple oil/gas related preferred issues that took a heavy hit. For the time being we are holding those offending issues and moving forward with operating the balance of the portfolio. We have determined that there are a number of areas that need higher…
What the Readers Have to Say
Tim McPartland | December 1, 2014
Going through our reader correspondence we find lots of opinions of the direction of oil prices and MLP price levels. Robert B. originally wrote to opine (paraphrased) that he thought prices of MLP's we going to the 2010 levels as the crude oil pricing was similar to current crude prices. He amended that opinion a bit when he wrote that…
No Bounce in the Oil Sector Stocks – Slaughter Continues
Tim McPartland | December 1, 2014
What a way to start a new month--a MLP massacre as bad as the one we experienced last Friday. We still believe we may have a bounce starting anytime now--but of course that bounce comes from very much lower levels. It is noted that crude oil has bounced $2/barrel.As we glance over the MLP list we are shocked at the prices some of…
Don’ Try to be a MLP Hero
Tim McPartland | November 30, 2014
November 30, 2014 2 pmWe are receiving notes on the potential purchase of upstream MLP's by our readers. All we can really say is 'don't try to be a hero".Here is what we think will happen this week in the upstream MLP arena. Likely that issues will bounce starting as soon as noon on Monday--the over reaction last week…
