With big energy on the XOI down 16 points...an Exxon downgrade responsible for some of that....MLPS are taking a bit of a breather with the index down a few pennies. Still we have some winners today with Transmontaigne (TLP) and Natural Resource Partners (NRP) up nearly a point each. Linn Energy (LINE), Oneok LP (OKS), new issue Constellation Energy Partners (CEP) showing nice fractional gains.

Crosstex (XTXI) split 3-1 today and its down 1. Regency Partners (RGNC) is a fractional loser as is Duke Midstream (DPM). Alliance Resource Partners (ARLP) was down 1 and change but that may have some options expiration distortions associated with it since it ran up on the close Friday to 35.50 and it looks like it gave it all back this morning.

I am trying to think back to the days of the IPOS in the late nineties and i recall certain trading patterns that occured at the end of the year. Since we have a few MLP winners of the recent new issues we could see some buying opportunities develope as some of these shares get thrown out the window after January 1st. More on this in the next 2 weeks.