Sat, Dec 20, 2014, 9:04 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Linn Energy, LLC (LINE) Message Board

  • rlp2451 rlp2451 Nov 13, 2012 12:06 PM Flag

    Flash Crash This AM in Several MLPs

    LINE, CPLP, DPM, KMP, KMR, WPZ

    Probably could place a limit order for $34 and might get lucky, the way things are going these days.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I got lucky this morning and my limit order filled @36.00, just dipped my toe in the water.
      Had that limit order in for several months and was pleasantly surprised when it filled.
      Win some, lose some.

    • marcarcal@sbcglobal.net marcarcal Nov 13, 2012 3:35 PM Flag

      SMART PEOPLE JUMPING BACK IN

    • IMO, this is worry of what will happen to taxes on dividends next year

      • 2 Replies to silvertoro2001
      • your a dope, MLPs dont pay dividends!

      • Despite market jitters, eliminating MLP tax benefits unlikely, analysts say

        Houston Business Journal by Deon Daugherty, Reporter
        Date: Tuesday, November 13, 2012, 10:06am CST

        Now that presidential election is settled, Houston's energy industry can now turn its attention to what Congress and the White House might do once Washington gets back to business. And it’s making some market watchers a bit jittery, analysts say.

        “Since the presidential election results came out on Nov. 6, less than a week ago, the energy complex has not exactly responded positively,” wrote Raymond James analysts in their research note on Tuesday, noting that the Standard & Poor’s 500 is down about 3 percent, the oilfield service index is down 4 percent and the exploration and production index is down 6 percent. Even the Alerian MLP Index, a Dallas-based company that measures the performance of the nation’s 50 largest MLPs, has dropped more than 5 percent.

        Raymond James analysts in Houston say those drops probably are driven by market fears about potential tax reform legislation that might impact master limited partnerships, as well as other corporate entities.

        Houston-based Targa Resources Corp. (NYSE: TRGP) units were trading down less than 1 percent at $37.76 on Tuesday morning; Enterprise Products Partners LP (NYSE: EPD), also based in Houston, was trading up almost 1 percent.

        Analysts at Houston’s Tudor Pickering Holt & Co. said in their energy note that the unit sell-off among MLPs is probably tax-related.

        However, RayJa said that eliminating the tax benefits for MLPs is unlikely for a number of reasons. In particular, analysts said reforming the MLP tax structure would likely generate less tax revenue than lawmakers might realize, and investment in infrastructure — the bread and butter of the MLP space — is critical to domestic energy independence.

 
LINE
12.24+0.26(+2.17%)Dec 19 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Under Armour, Inc.
NYSEFri, Dec 19, 2014 4:04 PM EST
3M Company
NYSEFri, Dec 19, 2014 4:04 PM EST
8x8 Inc.
NASDAQFri, Dec 19, 2014 4:00 PM EST