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Friday, December 01, 2006

We're down 1 point on the MLP index with big energy down sharply and the markets selling off...all this as the 10 year rate drops to 4.40%.This puts a solid floor under MLPS in the event the sell-off gets serious. Kinder Morgan Partners is down nearly 50 cents and Markwest Hydrocarbon which is up 50% in 2 months is down 1 and a bit more. Hiland Partners is up 80 cents and Markwest Energy (MWE), Williams Partners (WPZ) which did a private placement this morning, and Buckeye Partners are fractional winners.

Lets see if the selling gets extended as we head into lunchtime or will be bottom and rally as has been the case many times in the last many weeks.

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