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Friday, May 30, 2008

Brother talk about watching paint dry...this is one of the most uneventful days in a long time. Maybe its the nice weather in NYC...not sure but trading today is by appointment only.

Penn Virginia (PVG) is up 1 and some change at 33 and is today's biggest winner as it follows up Penn Virginia (PVA) which is up 9 dollars on horizontal drilling success. Plains All American (PAA) up 1 and change as well on the increase guidance and upgrade. Alliance Resource (ARLP) and Natural Resource (NRP) are up 1 each. If its coal..its up. DCP Midstream (DPM) E V Partners (EVEP) Williams (WPZ) Holly Partners (HEP) and Crosstex (XTEX) all showing fractional gains.

Exterran Partners (EXLP) Inergy Holdings (NRGP) and Hiland Holdings (HPGP) down fractions to a point on non existent volume so that could change by days end. The mlp index is up just under 1 point as of this posting.

Crude was up 1 then down 1..up 1 and change again to the days highs...now coming off that. Volitlilty has been the word here with these wild swings. Bulls and bears...someone will get exhausted very soon.

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