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Tuesday, July 10, 2007

Flight to quality as the MLP index is now over 339 and up 1.64 and at the high for the day. The overall stock market selloff is driving money into our group. 10 year rates are collapsing to 5.04 today from 5.15 yesterday. The energy complex is up. Natural gas closed up 30 cents and the UNG etf is up nearly 2 dollars today! Nice move.

Lots of fractional winners in the group. Oneok LP (OKS) is up 99 cents and is the biggest winner. Terra Nitrogen is down nearly 7 dollars as the biggest loser. Penn Virginia Holdings (PVG) is down nearly 1 if you put TNH in a world of its own.

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