FRIDAY HERE IN A CORRECTIVE
(AND RARE) DOWN WEEK!
The support zone on the MLP index is less than 3 points away so thats a one day selloff and we're there.
Still the week's moves Terra Nitrogen excluded have been rather orderly. And there was some buying noted late yesterday in some of the small and mid size MLPS. So this morning we have news from Trans Montaigne (TLP) as they have priced their offering which by the way barely moved the stock lower which is unusual. Says a lot here for demand. Martin Midstream saw the same thing happen as it completed its offering earlier in the week.
Still the week's moves Terra Nitrogen excluded have been rather orderly. And there was some buying noted late yesterday in some of the small and mid size MLPS. So this morning we have news from Trans Montaigne (TLP) as they have priced their offering which by the way barely moved the stock lower which is unusual. Says a lot here for demand. Martin Midstream saw the same thing happen as it completed its offering earlier in the week.
There are no upgrades or downgrades on the list this morning but it is early so this may change. Stock futures are higher this morning and energy is mixed to higher with oil up, gasoline down and nat gas flat.
So here we go with the open. News headlines as they break.
joseph cioffi's Source Page - Associated Content
No comments:
Post a Comment