I guess the only way to describe the MLP tape is demoralizing especially in the face of a 200pt+ plus up day and new all time highs. We have obviously been left behind at least for the time being. Crosstex (XTXI) Calumet (CLMT) and Enterprise (EPD) among just a handful of fractional winners. EPD has a big weighting in the MLP index otherwise we would be down far more than 1.60.

Lots of losers like Linn Energy(LINE), Breitburn (BBEP) Plains All American (PAA) Eagle Rock (EROC), Natural Resource (NRP) and Copano (CPNO) all down around around 1 point each. Crosstex (XTEX), Markwest(MWE), DCP Midstream (DPM) and Atlas Pipeline(APL) all down strong fractions. Markwest (MWE) has the 61.12 offer on the table for Markwest Hydrocarbon(MWP) and that one was down 1.29...4 points below the offer price...but it has cut its losses to just 29 cents.