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Wednesday, December 19, 2007

While the MLP index is down .20 it is being dragged by two heavier weights in the index. Oneok LP(OKS) and Energy Transfer Equity (ETE); they are both down about 60 cents each. Otherwise there actually is a bit of an upside bias. Noticing a few off the overly beaten down MLPS like Linn Energy (LINE), DCP Midstream (DPM) and Holly Partners (HEP) showing some firmness. Nothing to write home about yet but its a start. I'm wondering whether the last of the tax loss selling will shift to the bigger cap MLPS which have held up better than some of the smaller and more speculative issues. Watching for clues.

1 comment:

Anonymous said...

Look at the bright side, the tax loss selling can only last another two weeks!

DS