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Holly Energy Partners L.P Message Board

  • prestoncatfish07 prestoncatfish07 Feb 7, 2011 11:55 AM Flag

    Curious question...

    Anyone shed light on the moderately wild price swings that HEP seems to have lately. For a thinly traded mlp the swings seem out of context? Any info thread would be appreciated.

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    • I was wondering the same thing, today was ex-div, but the swings last week, and today, have been unnerving.

      I have posted about thsi before, to some extent, MLPs trade loke bonds, as alternative yields move up, esp in t-bills, the rate that investors want from alternatives needs to be higher too.

      So the rally in t-bills is the simple explanation for all MLP actions in the last 2-3 weeks, as LT rates have hopped up a lot.

      Higher LT rates signal a better economy, but they also signal higher costs to the US TP for all that debt. Not a good thing.

    • Looks like the typical 'take the dist and run' (dist capture) shenanigan, check out the chart vs dist periods and observe the PPS/volume behavior. I would have dumped into that rally last Thursday if it wasn't ex-dist day - led me to believe something else was up. Maybe it was actually last Friday?

29.65-0.94(-3.07%)Aug 4 4:02 PMEDT