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MarkWest Energy Partners, L.P. Message Board

  • run4224 run4224 Dec 30, 2009 4:33 PM Flag

    Decisions are being Made Now Preparing For MWE And Its Future

    About 5 minutes to market closing today with MWE trading at $29.10 near the $29.05 low of the day --Someone (institution?) bought 30,000 MWE units at $29.58--up $0.48 from the previous trade. That is an $887,400 purchase. Whether they are right or wrong, it would appear they believe it was a prudent purchase based on their opinion of MWE's future.
    I think that they think its a buy. But what do I know?

    Patience
    run

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Run: I saw that trade of 30m I had A small buy order in at 29.00 and last trade was 29.06 and then next trade was50 something. Nice MKT order I guess. I sure would like to buy at 29.00 or 28.50 abt 5% below this week hi

      • 1 Reply to nsupper1
      • nsupper

        >>>I sure would like to buy at 29.00 or 28.50 abt 5% below this week hi<<<

        So would I. The problem is are you willing to let it go higher without buying if it doesn't come down to your price?
        What makes you believe that $29.00 is OK to buy at, and $29.01 is not and you are willing to let it go without buying?
        Don't be surprised if on Monday January 4 MWE trades up $1.00 or $2.00 after year-end tax selling is finished. In the last 3 days MWE has traded down -$0.02 -$0.04 -and -$0.10 a total of -$0.16 to $29.43.
        Seven trading days before that MWE started at $27.32. A net gain of $2.11 in the last 2 weeks
        The last 3 days shows me that buying is coming in when the sellers trying to take tax losses and they want to buy. Tomorrow is the last day of the year. Should be interesting.
        patience
        run

    • Run-

      Happy New Year. Patience is indeed going to be important in 2010 for MWE. All of the expansions in PA will require a significant increase in overhead in addition to the actual capital expenditure. This historically has delayed DCF improvement until the project is on line for at least one full quarter. Those with patience should be rewarded.

      The trading this December ws interesting with MLPs being tosseed out of an index situation and then us not getting the traditional selling at least a couple of days for those who realized at some point in 2009 they did not want K-1s. Either everyone is now using TurboTax or feels comfortable owning MLPs I guess.

      Looking forward to 2010 with MWE and other MLPs.

      ARB

 
MWE
66.98-1.00(-1.47%)Dec 22 4:02 PMEST

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