"Eoin's comment on Canadian Income Trusts on Friday, it should be noted that in the USA, Master Limited Partnerships investing mainly in energy infrastructure, provide similar income streams and have similar tax efficiencies as the Canadian trusts now being phased out."

Eoin Treacy's view Thank you for this informative email. Master Limited Partnerships are indeed interesting investment vehicles. I last reviewed a number of energy related MLPS, primarily pipelines, on December 6th. They all remain in relatively consistent medium-term uptrends, defined by unbroken progressions of rising major reaction lows.

In addition to those reviewed last month, Calumet Specialty Products caught my attention. It shares a high degree of commonality with other refiners and yields 7.58%. It rallied impressively last week to post a new recovery high and a clear downward dynamic would be required to check current scope for additional upside. (Also see Comment of the Day on January 12th)



Toughing it out: How the Baltics defied predictions - This posting by Prieur du Plessis in his Investment Postcards from Cape Town may be of interest to subscribers. It is posted without further comment.