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Friday, November 17, 2006

Some of the mlp energy trusts like FMO,KYN,TYY,TYG are all up nicely today especially FMO which is up 1 dollar. The only thing i could think of is that maybe they got some of the NYMEX IPO?

Otherwise we're moving sideways here with some exceptions. Crosstex (XTXI) is down 2 and the lp (XTEX) is down 84 cents. No news here. Martin Midstream(MMLP) Natural Resource Partners(NRP) Regency Partners (RGNC) down major fractions as well. A few winners but other than the trusts mentioned above...nothing worth noting. The MLP index opened down...then rallied and is now down .25 at just under 273.

2 comments:

Anonymous said...

Perhaps those fleeing the CANROYS in search of yield don't know which MLP to buy so they go to the CEF's

joewxman said...

could be! Or pehaps both.