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Cramer's Dangerous MLPs

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Date updated:11-27-2008

Cramer said there are two classes of energy MLPs: ones that make money from gathering and processing of oil and those that make money transporting oil. The latter, he said, are safe, while the former raise red flags.

WMZ
Williams Pipeline
$21.70
+0.93%
$21.47

Cramer singled out Williams Pipeline (WMZ), Atlas Pipeline (APL) and DCP Midstream (DPM) as three MLPs at risk as oil prices plummet.

People owning WMZ also tend to own: USB CHK MRO DSX RIO COP CNI

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APL
Atlas Pipeline Pt
$7.15
-0.83%
$7.08

Cramer singled out Williams Pipeline (WMZ), Atlas Pipeline (APL) and DCP Midstream (DPM) as three MLPs at risk as oil prices plummet.

People owning APL also tend to own: HAS MS CLRK FDG FRP MIC RUTH

TheStreet.com Rating: D What is this?

DPM
Dcp Midstream Lp
$25.39
+0.55%
$25.41

Cramer singled out Williams Pipeline (WMZ), Atlas Pipeline (APL) and DCP Midstream (DPM) as three MLPs at risk as oil prices plummet.

People owning DPM also tend to own: BXP CBG DIS EWW EXP GOOG GROW

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XTEX
Crosstex Energy
$5.62
-1.23%
$5.54

These three, he noted, need oil around $75 a barrel to make money. With oil at $49 a barrel, he fears the companies' dividends are at risk. Cramer cited Crosstex Energy (XTEX) as an example of what can happen when an MLP cuts its dividend.

People owning XTEX also tend to own: AHR AINV ALA BSET COP DELL DLX

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ATN
$0.00
0.00%
$N/A

Cramer said he made a mistake recommending Atlas Energy Resources (ATN), but stands behind his other favorite energy play, Kinder Morgan (KMP).

People owning ATN also tend to own: CEP DIVX EVR GLS GOOG KBW MORN

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KMP
Kinder Morgan Ene
$55.99
-0.41%
$56.20

Cramer said he made a mistake recommending Atlas Energy Resources (ATN), but stands behind his other favorite energy play, Kinder Morgan (KMP).

People owning KMP also tend to own: DMLP EEP KYE PAA TRU ARXT CALP

TheStreet.com Rating: A- What is this?

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