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Monday, January 08, 2007

The MLP index is back at the highs of the day as the sell off in oil stocks has reversed in in fact the XOI is higher while crude is lower. I tend to think that the stocks lead the crude. Meanwhile Nat Gas is still up 15 cents or 2 1.2%. The stock market itself has turned higher so i think we could have a strong finish.

I began nibbling at MWP under 43 bucks...bought a small position and looking to add. I'm hoping to see this one cut its losses before the close. Lin Energy is laying just above 30 and so far is holding that level. I also added to Atlas Resources this morning for a trade into the 23-23.50 area.

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