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New Source Energy Partners (NSLP) becomes the fourth high-yielding master limited partnership to...

New Source Energy Partners (NSLP) becomes the fourth high-yielding master limited partnership to struggle at the outset of trading, as its units slip ~2.5% in their first day on the market despite their 10.5% annualized yield. NSLP joins three previous MLPs launched in 2013 - SXCP, USAC and CVRR - to see lackluster trading off their IPOs (though CVRR has since performed well).
Comments (3)
  • 'NSLP joins three previous MLPs launched in 2013 - SXCP, USAC and CVRR - to see lackluster trading off their IPOs.'

     

    Lets see now, CVRR came public at $25 on about January 17, and today being Feb. 8, sees it trading at $31.90, which is a gain of over 27% in less than a month...........is that lackluster? Or perhaps you meant volume, so lets look at volume...........CVRR is averaging 2.8M shares per day, so wrong again.

     

    Even the introduction is wrong, as in, 'New Source Energy Partners (NSLP) becomes the fourth high-yielding master limited partnership to struggle at the outset of trading...............'

     

    Does anybody read this stuff before it is sent out?
    8 Feb 2013, 11:59 AM Reply Like
  • Thank you for pointing this out. I bought (CVRR) in January and could not be more satisfied with it's performance. The misinformation in this news release is amazing.
    8 Feb 2013, 12:16 PM Reply Like
  • I bought CVRR on its first day at 25.20. and I'm falling in love, I think Carl will take care of this stock, he owns must of it.
    8 Feb 2013, 02:04 PM Reply Like
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