Some afterhours action today. First off both Markwest (MWE) and Markwest Hydrocarbon (MWP) were dollar plus winners today on news of a possible last minute bid from Targa Resources (NGLS). Still no specifics given. Also we have a slew of insider buys being reported with a 94,000 share purchase at Energy Transfer Equity (ETE). 2 directors made insider buys at Linn Energy. 5000 shares from one...and if i did the math right..4700 shares from the other.
Also a block insider purchase after the recent stock offering in Nustar (NS) plus another smaller purchase from a second insider.

Holly Partners and Plains All American are joining forces to build a pipeline in Utah. Holly upticked into the close..this could be the reason.

The MLP index did manage to rally off its lows to close down 89 ticks and finish just under 300. Still its another down close as we follow the market.