HCLP Pull back

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gorbow
Posts: 3
Joined: Fri Jan 10, 2014 6:10 pm

HCLP Pull back

Post by gorbow »

What thoughts does anyone have regarding HCLP's recent pullback to it's 50 day moving average? Buy points? $30 looks like there is some good support.
dan_s
Posts: 37290
Joined: Fri Apr 23, 2010 8:22 am

Re: HCLP Pull back

Post by dan_s »

HCLP made quite a run last year, so a pullback is probably overdue. The fundamentals are solid on this one. If it does pull back to HCLP that would be a heck of a good price to pick it up. I am expecting HCLP to increase distributions this year.
Dan Steffens
Energy Prospectus Group
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