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Magellan Midstream Partners LP Message Board

  • wareham2620 wareham2620 Oct 9, 2008 11:42 PM Flag

    Magellan Midstream Partners will raise its distribution

    . Magellan Midstream Partners will raise its distribution by 9 percent to 70.25 cents per unit.

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    • Great news! Now maybe the market will figure out the MLP's are a cash machine & will continue to be. Cannot believe the relentless selling here but fear does strange things. If you have some cash, I'd recommend putting it here.

      • 1 Reply to sugarfox98
      • Sugarfox-

        You are expecting the market to behave in a rational and logical manner. Today the market is all about fear of what could happen not reality.

        MLPs are faced with forced liquidation of units by investment banks, CEFs, and those facing margin calls in addition to those that have thought credit markets would shut or become unreasonably expensive. Is this selling done? Doesn't appear to be. There is also a concern about possible tax law changes that might be imposed by an all democratic administration/Congress. Too many uncertains for much upside to occour despite continuing positives in cash flow. Many people think MLPs own oil and natgas instead of transporting and processing them for others. While there is a correlation between profits and commidity prices, that correlation is small IF hedging is done properly.

        I continue to me a long term holder of MLPs and am gladly accumulating some additional units. For the long term (5+ years) they should provide excellent returns beyond historical levels. People will not simply stop using oil, natgas and their byproducts. We will move forward.


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