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Wednesday, May 07, 2008

Crude stock numbers were about as bearish as you'll ever see. And oil is down a whopping 6 cents as of this post.

MLPS down today on the index by 1.45 being led by the big boys like Plains All American (PAA) Oneok LP (OKS) Nustar (NS) and the like which are all down fractions. Hiland LP (HLND) is down 2 as the leading loser but thats on extremely thin volume.

On the upside Calumet Specialty Products (CLMT) whose earnings this morning were not pretty is up 50 cents. Nothing in the quarterly report suggests another distribution cut is coming so the stock is up. Also up today Boardwalk (BWP) Magellan (MGG) and Markwest (MWE) among others but no major standouts on the winners.

1 comment:

Anonymous said...

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Mr. Pipes