THE MLP THAT WON'T BE NAMED...

THE UNHOLY TRINITY...

ATLAS ENERGY SOARING

Back from a couple days of rest and internet free life in the Pennsylvania mountains where the temperatures never saw 30 and we had some snow on the ground. I wasn't totally cut off from reality but nothing much as changed in MLP land in the broad context as the index continues to move sideways. Yesterday we saw a 4 point plunge as the biggest of the big boys went down hard.

Meanwhile some good news for Atlas Energy Resource holders (ATN) as they hit a gas gusher and they posted earnigns. Stock soared 3 points yesterday and is back over 30 bucks.

And while i was gone the unholy trinity of CEP,EROC,and LINE remains in tact as the phyiscal law which states that all three MLPS can not be up together on the same day goes unviolated. But the MLP that won't be named is up nicely for 3 days in a row and now sits near 22; which is a lot better than last week's 18 handle.
It could be that private equity sellers (PIPE) are done for the most part and that those who shorted shares along the way ahead of the stock registrations are now covering short positions. I suppose we could go as high as 25 on the chart where the last top is. Now we need to build some sort of a base.

Energy is up this morning, stock futures are flat. Nothing on the upgrade downgrade list.