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Wednesday, March 28, 2007

I'm working mornings this week which throws my blogging off schedule so i'll play catch up here. MLPS are following the energy rally while the rest the market sells 0ff. The index is up 1 and small change. Magellan Midstream is the big winner up 88 cents to 47 and a fraction. Constellation Partners (CEP) Crosstex LP (XTEX) and Global Partners (GLP) showing nice fractional gains. Crosstex is back over 36 now. Smaller fractional gains on the rest of the board.

Trans Montaigne got cut to hold by UBS and its down 70 cents right now. Lehman starts Duncan Partners (DEP) at equal weight and its down 30 cents. Oneok LP (OKS) announces a new pipeline project. Stock is up 30 cents. Tortoise Energy Infrastructure (TYG) priced a 400,000 plus share offering this morning. Stock is down a fraction after being down a dollar yesterday. Linn Energy (LINE) earnings are out after the close today.

Berneke is speaking before the disgusting senators who used pork to buy votes at the expense of the soilders. Should be an interesting afternoon.

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