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Westlake Chemical Corporation is spinning off their ethylene production business into a new Master Limited Partnership.  Westlake Chemical Corporation is a vertically integrated manufacturer of chemicals, polymers and fabricated building products.  Interestingly the new MLP will have 3 production facilities and a ethylene pipeline--a welcome fact since some of the more recent MLP's have had just 1 or 2 production…

Last week had a few events that cooled the markets for a day before stocks pivoted and sprang right back up to where they had been trading--for equities this means right near the highs for the year.  We have now had 48 hours to ponder the global events along with the overall equity and interest rate complex and we have…

The issue below began trading today (Thursday) and traded in a range of $24.40-$24.90 before closing at $24.90.  The issue did not trade on the OTC grey market prior to today.We have decided to forego a purchase of this issue at this time.July 10, 2014  7:16 pmTiny energy exploration and production company FX Energy (ticker:FXEN) is selling a 9.25% Convertible Preferred issue.…

An airliner goes down and Israel invades the Gaza--the baby goes out with the bath water.It has been a while since we have seen a true 'fear trade' come into the marketplace---one in which the 10 year treasury heads relatively sharply lower in yield while common stocks trade sharply lower.  All of this spurred on by a lack of fact…