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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (49311)	9/6/2012 9:07:00 AM
From: Ditchdigger	Respond to of 78751

PS: I added to my BBEP position this morning in the premarket @ 18.40, on the public offering news. BreitBurn Energy Partners L.P. (the “Partnership”) ( BBEP) announced today the pricing of its public offering of 10,000,000 common units representing limited partner interests at a price to the public of $18.51 per unit. The Partnership has granted to the underwriters a 30-day option to purchase up to an additional 1,500,000 common units from the Partnership. The offering is expected to close on September 11, 2012, subject to customary closing conditions. The Partnership expects to receive net proceeds of approximately $177.6 million (or approximately $204.2 million if the underwriters exercise their option to purchase an additional 1,500,000 common units) from the offering and intends to use the proceeds to reduce borrowings under its bank credit facility.

To: Ditchdigger who wrote (49311)	9/6/2012 10:47:38 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78751

I use price change in doing a rough check in evaluating my mlp's. My broker gives total cost per share I paid, current price per share, and % change for each stock. I don't reinvest distributions for mlp's. If I see % change is negative 8% or more from my purchase price, I figure I'm a loser in the stock if I bought it fairly recently. If I see an mlp that's down about 16% or more from my purchase price, and it looks like I've held the stock a couple of years, I figure I've lost on that one also. I've liked NI when it was mentioned here at lower prices. Don't have it now. I've also sold out my CNP position. They're not buys for me at current prices -- although CNP comes close.