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Monday, June 23, 2008

Pretty good day for mlps so far. The index is up nearly 3 points which is nice on a day when broader energy is strong and the overall market weaker. Dorchester Minerals LP (DMLP) is up another 2 dollars as the days big winner after being up 3 Friday. Alliance Resource (ARLP) Inergy Holdings (NRGP) Nustar (NS...the idiots play) Magellan (MMP) are up 1.50 or more. Magellan Holdings (MGG) was part of that group but has pulled back to be a major fractional winner along with EV Partners (EVEP) Kinder Morgan (KMP) Markwest (MWE) Calumet Specialty Products (CLMT) Natural Resource Partners (NRP) Kinder Morgan Partners (KMP) and Energy Transfer Partners (ETP).

Sunoco Logistics (SXL) and Atlas Energy Resource (ATN) are down major fractions. Eagle Rock (EROC) is down 30 cents. A couple of others down samller fractions.

The dollar is very strong and driving down all commodities except for oil of course. Go figure.

Nustar was 47.70 when the famous idiot line was thrown...so far i'm up 2 points. Weeeee!!!!!!

3 comments:

Anonymous said...

GLP any opinions out there???

joewxman said...

quite honestly the chart of GLP looks like something out of a war zone right now. No signs of any bottom in here. Being in the refinery business its getting squeezed big time (see calumet clmt for similar problems). Oil needs to sell off from here to help this one out. I think there are better prospects out there right now imho of course.

Unknown said...

what is going on with DMLP?