Kind of a strange day; probably because we're not quite back at full strength in the market place. There is a frenzy over the Gulf and Mexico discovery with Chevron up 2 and Devon Energy (DVN) up nearly 10 bucks. MLPS mixed to lower today with the AMZ MLP index down 50 cents. Martin Midstream (MMLP) Crosstex LP (XTEX) and Regency Partners (RGNC) are fractional winners. Valero LP is down 80 cents on the Sanders Morris downgrade and Crosstex (XTXI) is also down about 1.






Not sure what to make of this Crosstex (XTXI) chart which on the whole looks positive to me but i can't help but think we'll see one spike down to the mid 80s before a rally takes this over 100 bucks. Patience and nimbleness is required. I have some buy orders from 88 down.