Tuesday, June 22, 2010

MARKWEST ENERGY PARTNERS

Recently I posted about my sale of Markwest Energy (MWE) for a profit of over 40%. I found it interesting that Jim Cramer with CNBC is recommending the limited partnership as a dividend play. (See: "Oil’s Out of Favor? Try Natural Gas" Friday June 18th) I sold and took the profit after a disappointing earnings report. It will be interesting to see how things play out. Perhaps Cramer is right, he's a very smart man and I've always been a big fan, just don't always agree with his recommendations. I'm pretty happy with the move I made out of MWE and in to British American Tobacco (BTI) and Unilever (UN). We'll see how it goes.

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