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Tuesday, May 02, 2006

Sorry for the late early post but i just got home from work

Excitement for Crosstex holders as both XTXI and XTEX are up sharply this morning on aquiring Barnett Shale...expected to boost the dividend on XTXI by 2 dollars down the road. XTXI is up 3 and change and XTEX is up one and change. Crosstex (XTXI) could make a challenge on its old high of 83 on this news.

Atlas Pipeline last night said they will buy the rest of NOARK from Southwest and that has the stock up 60 cents so far today.

Most MLPS are fractionally higher. Sunoco Logistics is down nearly 1 as they plan a stock offering announced last night.

Energy and rates are also supportive today and should keep a firm undertone to the group today.

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