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Tuesday, October 23, 2007

Distribution boosts galore tonight. First off Atlas Pipeline Partners (APL) which came out at 3:50pm with a hike to 91 cents from 87 cents and the stock took off on the news and closed up over 1 point. Atlas Holdings boosts as well to 32 cents which is up from 26 cents last quarter. After the close Atlas Resources (ATN) boosts to 55 cents from 43 cents last quarter. The yield here is 6.9%. APL yields a whopping 7.9%. Looks to me like there is room to rally here in these oversold issues.

Also hiking Williams Partners (WPZ) to 55 cents from 52.5 cents. And Plains All American(PAA) got a midday upgrade to buy from hold at Deutche Bank.

Nice close today at the days highs and above the 34, 55 and 200 day moving averages Now we need to clear the 89 day which is up around 309. Hefty distribution boosts might help take prices higher tomorrow. We can only hope!

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