Good Morning.
Starting the morning with some news from last night from Atlas Pipeline Partners (APL) and new hedges. Note as you read through the list you will find that these guys continue to hedge prices above today's...which is a good thing if prices for raw products hold here or drop further. I will go through the hedges and see if there are any issues.
Looks like we're dead cat bouncing this morning which is nice and so far holding on to or adding to initial gains...which is also nice. No breaking news. We have coverage started on Atlas Holdings (AHG) by Wachovia at an outperform. Stock up 54 cents on light volume. XOI and XNG indexes are higher so lets see if a bottom is in.
Crosstex (XTXI) is up 93 cents so far...was the bottom yesterday at 82?
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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2 comments:
Working a bid for LINE below and and offer on CVX Dec06 60 puts above; unlikely to get either but the way stuff has been flying around lately ... who knows. ETP is killing me, bring on the div!
i would have thought the ETP distribution announcement would have been made by now. Wonder why the wait?
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