Magellan Midstream Partners (MMP) says it has started storing crude in tanks at Crane, Tex., the...

Magellan Midstream Partners (MMP) says it has started storing crude in tanks at Crane, Tex., the origin point for the Longhorn pipeline, which it expects to start transporting crude by mid-April. The line, which had carried refined products, has been reversed to transport crude to Houston refineries and could help ease a glut of oil at the Cushing delivery hub and support local prices by opening the door to new buyers.

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Comments (4)
  • Richard Waldren
    , contributor
    Comments (270) | Send Message
    What a wonderful company. Helping to get America's energy going. Better yet a company with the know how to make money for stock holders. I once wrote on another blog how it has had two stock splits. Some one said how does stock splits increase value? Well for one answer, at a certain point this stock has already seen this price once. Thank you MMP, keep up the fine work. Long EPD, ETP, PBA, MMLP, MMP. Looking to buy one more. Any ideas out there?
    26 Mar 2013, 12:22 PM Reply Like
  • Old Trader
    , contributor
    Comments (5732) | Send Message
    You might consider KMP/KMR, as well.
    26 Mar 2013, 04:04 PM Reply Like
  • aeroguy48
    , contributor
    Comments (905) | Send Message
    I did pretty good buying XTEX this Jan 2nd its up more than 20% and has a high distribution rate of around 7.5%
    26 Mar 2013, 06:16 PM Reply Like
  • Drichard1954
    , contributor
    Comment (1) | Send Message
    PAA (Plains All American) is similar to MMP. It too split the same time
    MPP did. The stock is around $56.00 and dividends are great.
    27 Mar 2013, 01:35 AM Reply Like
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