Tuesday, November 15, 2005
Maybe the happiness fairy will help us out of this rut!
Some news from last night. At least now we know why Crosstex LP has been in a downtrend. They're selling more shares. Now this should put pressure on the stock this morning but i will point out 2 things. First off the stock may have anticipated this already and that could limit downside. And secondly Hiland LP announced its sale 2 weeks agao and the stock traded down from 43 to 41 and now its at 45. Lets hope! So far no pre market trading...bid and ask even with the close.
Earnings news and its good news from Pacific Energy Partners. Numbers were good and raising 05 view. (whats left of it.)
Energy complex is lower this morning but let me caution that a much colder weather pattern is evolving for the northeast and great lakes and it could be downright frigid for thanksgiving.
PPI number was very good....core down .3. Ten year yawning.
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