I think someone big is getting a margin call and their dumping everything but hay I'm wrong a lot.
Looks like the money mngrs are selling most energy. Cheaper rates, less money floaters around.
High valuations in market, rates going up.
Ralph Acampora said...
decline due to plains guiding lower and not fully covering their distribution; 56% for the Q
Perhaps. That deal while likely great in the long run, will cause some short term disruption until the dust settles. I have faith in KWs vision and will gut this out though. In the meantime, if I had to guess this is about disappointing revenues and earnings coming out in a little bit. Just lost 5 and half years of gains in the last 5 and a half weeks. First time ever I have been under water on ETP, ETE and AAPL. Go figure.
Energy Transfer Equity LP (ETE.N) has progressed to the second round of bidding for Williams Companies (WMB.N), according to people familiar with the matter, a key milestone in the pipeline company's efforts to clinch a friendly deal with its peer. Is it the reason?
The changing trend in interest rates will impact borrowing costs for heavily indebted companies and LPNs will have to compete for money. So earnings may take a hit. This worries me more than the falling WTI price. If the trend continues, fear more downside risk in REITs and LPNs.