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Tuesday, October 02, 2007

We've been essentially going sideways since hitting the lows around 11:30 this morning. At least we have not seen new lows during this afternoon. Still down over 2 points here and sitting just above 292.

2 comments:

Anonymous said...

I have been doing my DD, but I still really dont understand if Nat Gas has any effect on how MLP's in the pipeline sector perfom?

joewxman said...

There are some MLPs for example that have some partial exposure to nat gas. Atlas Pipeline Partners (APL) usually hedges most of their nat gas.

There are times when rising energy prices will drive mlps higher...other times it will drive them lower. Perception that mlps are like energy stocks pure plays can cause them to move for reasons unrelated to their fundamentals. Right now the group is out of favor so nothing seems to be working.