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Tuesday, September 25, 2007

MLPS START THE DAY LOWER

Well unlike days when we start higher and finish lower, today at least we have the chance of going the other way and starting lower and finishing higher. The mlp index is down over 1 point. So at least the hope is there. Its a morning of no news and no upgrades or downgrades. Calumet Products Partners (CLMT) leads the losers down 1 and change. Down nearly 1 point include Sunoco Logisitics (SXL) and Enbridge (EEP). Fractional losses in EV Partners (EVEP), Oneok LP (OKS) and Enterprise (EPD).

On the winners list there isn't anything outstanding but both Buckeyes (BPL,BGH) are up and there are smaller penny size gains in a few other issues.

Its the last day of trading for the quarter if you want settlement in this quarter. I still think there is a lot of end of quarter selling pressure which should come off soon.

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