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Monday, August 14, 2006




The never ending decision of whether you should be in Crosstex LP or Crosstex Energy (XTEX vs XTXI). Note the two charts above. Up until now its been been far better to be in XTXI vs XTEX. But...and this is for traders only...there are periods where XTEX outperforms XTXI and i believe we are in one of those periods. For longer term holders of XTXI who wish to add to positions or perhaps those of you who wish to go long...you might look at the 21 week moving average as a support level and a good entry point (around 83 or so.) Patience is required but it could get there in a hurry and bounce back rather quickly. But we may be at the beginning of a consolidation period for XTXI to digest the great gains of the past several months. Meanwhile XTEX might have some upside here to the lower 40s.

Otherwise MLPS are following all energy stocks lower today. The MLP index opened up 1 but is now down a fraction. Oneok LP was up 1 and change for awhile this morning and Regency Partners is up a fraction...most MLPS down fractionally. National Resource Partners was reiterated Market Perform by RBC Capital Markets and the price target was raised to 60 bucks from 58 dollars...but the stock is down 1 on that piece of news.

Looks like the Energy Market will be the influence today on MLPS..which may mean pressure all day long.

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