Good Morning!!!

Wachovia starts Inergy Holdings (NGRP) at an outperform. That is the only news i see so far on this Friday.

There is a new energy IPO LINN ENERGY thats coming out and Forbes has a profile.

Pacific Pipeline priced 4.5 million units at 32 bucks. That should cap the upside for awhile.

Crude and Natural Gas are both up this morning. I tend to think we should retest the recent highs over the next few weeks as the full extent of the shortage (if any) becomes known. That plus when winter demand comes into the midset of the traders (if it hasn't already) From the standpoint of tropical weather...looks like the southwest gulf activity is now a non factor. Ophelia is a threat eventually to the southeast coast of the U.S. so we have no added pressures on oil and gas.

Crosstex Energy LP dropped nearly 3 points but then got almost all of that back by the close on abnormally high volume. The bottom was at the prior breakout on the chart at the 37 level. Some speculation on the XTEX message boards about Katrina impact.Company has been silent on this so far.