Things are busy in the upgrade/downgrade department. Raymond James upgrades Martin Midstream to a STRONG BUY! from outperform. Second upgrade in as many days. Lehman Brothers (which one?) re-interates Northern Borders(NBP) at equal weight...and downgrades Holly Energy (HEP)to equal weight from overweight.

Crosstex holders (XTXI,XTEX)..2006 guidance will be announced Monday morning! Be there or be square.

Not much else happening this morning. Its Friday and trading is usually a little less interesting but i've got my eye wide open for any action. Crude down pennies this morning after yesterday's price surge. Nat gas down 14 cents.

Rigzone has a piece on the big Mexico oil find but nothing hits the market for about 2 years. Also a nice summary read from This Week In Petroleum! Also some peak oil discussions and what Exxon Mobil has to say about this at Econobrowser. Read some of comments as there is no lack of opinion on this.

Also Iraq may not only want to nuke us and Israel but it wants to hit us in the oil pocket as well. Attacks don't always come with fireworks.

Okay kids this should keep you busy for awhile. Martin Midstream has some stock to buy about 15 cents above yesterday's close but nothing offered in the pre-market. Holly has stock for sale about 40 cents below the close. No offers to buy yet.