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Thursday, June 01, 2006






A few MLPS are giving back pennies today from yesterday's gains but at least half the group is higher going into this afternoon. Buckeye Partners which was tasting 41 just a few days ago is now back to near 44 so a nice move there. Fractional gains in Natural Resource Partners, Atlas Pipeline, Plains All American(52 week high) Duke Midstream and Copano.

I'm long Regency Partners and the chart formation suggests a breakout to the upside could be coming soon. I trade in and out of this one while its been sitting in the 21.50-22.80 area. A piece of news could be the trigger here.

Meanwhile Crosstex (XTXI) has hit my trading target of 92 and i'm content to take profits here. Crosstex LP (XTEX) has been hovering between 34-35 and might be worth a look as it might play a little catch up here. Just my humble opinion of course.

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