aDECEMBER 18, 2008 (Dow 8605, down 219) - Bush's indecision regarding the auto bailout snd the potential ratings downgrade of GE's debt hurt the market today. Sharp moves down in oil contributed to fears of a deepening global recession. The chemicals are the biggest beneficiaries of lower oil prices. The newspaper stocks are toxic.
exploration master limited partnership has a relatively safe 16.3% dividend that pays much more than Treasuries - a good place to hide until the market improves - distributions could be cut if oil & gas prices continue to fall
15.29
0.00%
10/03/08
next day close
15.11
-1.18%
10/20/08
master limited partnership has gotten hammered because of its ownership structure (Lehman owned a 13% stake) - has a safe 17% dividend yield - 98% of its production is hedged to protect cash flow - increased its buyback program & there is insider buying - CEO interviewed: our hedges are safe with "A" rated institutions - our dividend is not in doubt because of hedges in oil & gas thru 2011 - Cramer says the stock should be bought
14.72
-3.73%
11/10/08
has big cash flow - their dividend is safe - reiterate buy
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