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Monday, March 26, 2007

Blogging with a pounding headache is never fun however i shall endure the endless suffering. MLPS opened sharply higher and then turned lower with everything else although energy is holding up better than other issues today. Still some issues up nearly 1 point like Hiland Partners (HLND) and Penn Virginia Resources (PVR). Valero LP is up a strong fraction and hit 68 today..amazing! Magellan (MMP) Crosstex (XTEX) and E V Partners are all showing nice fractional gains.

Profit taking has set in on Global Partners (GLP) which ran to 35.70 before dropping below 33 and its down a point and change as the biggest loser. Enterprise (EPD) is a big component of the MLP index and its the main drag down 70 cents as of this posting. If the index closes higher today it will make 6 days in a row...if it doesn't it should be no shock since it can't go up every day.

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