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Thursday, August 16, 2007

The old saying about the light at the end of the tunnel. They never tell you that light is a freight train. Dow down 240 and off the low of minus 265. The AMZ MLP index is down 13 and sitting just above the 280 low from last week. Everything is down in the group. Holly (HEP) Oneok LP (OKS) Energy Transfer Equity (ETE), Energy Transfer Partners (ETP) Williams Partners (WPZ) Magellan Midstream (MMP) Penn Virgian Holdings (PVG) Breitburn(BBEP) all down 3 or more. 2 point or more minuses in Natural Resource (NRP) Nustar (NS), Amerigas (APU) Teppco (TPP), Global Partners (GLP), Markwest (MWE) Boardwalk Partners (BWP) and Atlas Pipeline (APL). 1 point minuses in Kinder Morgan (KMP), Atlas Resource (ATN) Duke Midstream (DPM), Linn Energy (LINE) Copano (CPNO) and so forth and so on.

While i am posting Crosstex (XTXI) just turned higher. Yippee!!!

In free fall with everything else. Hopefully the world doesn't come to an end anytime soon.

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