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Wednesday, June 20, 2007

CREDIT SUISSE UPS ATLAS PIPELINE
MLPS LOOKING AT MORE GAINS.

The MLP index closed 3 1/2 points higher yesterday mostly on strength from Kinder Morgan Partners (KMP) which was up over $1 and is a big component of the index. Still we are heading back quickly to 330 and new all time highs loom ahead...we're less than 3% away. Meanwhile Terra Nitrogen (TNH) went over 120 yesterday so when your up more than 20% in a week it was time to correct and the stock did close lower at 114. So we have lots of movement.

Credit Suisse is on the horn this morning for Atlas Pipeline Partners which it upgrades to outperform from marketperform. This might be a catylist to move the stock back over 55. Nothing else on the list so far. Also we have some news from Alliance Resource Partners (ARLP) which is buying a ton(figuratively) of coal reserves.

Oil is lower this morning but natural gas is higher.The 10 year yesterday dropped unde 5.10% which provides support and we continue to hold the 5.25% level. 10 year is at 5.08% this morning. Stocks futures are higher for the open.

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