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Power to the Pipelines

Recs

7

January 31, 2013 – Comments (0) | RELATED TICKERS: MMP

Work's been hectic and I almost missed this one.

Last week, Magellan Midstream Partners (MMP) announced the distribution is increasing to 50 cents per unit, a split-adjusted, all-time high.

Today, units bucked the market and cracked through $50 each, also a split-adjusted, all-time high.

 

High yield energy.

One partnership, two highs.

Power to pipelines.

 

Disclosure:  Long MMP

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