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Wednesday, June 11, 2008

US Shipping (USS) has finally come out and said what the market has been figuring out for awhle. The distribution may not be paid and as a result the stock is down 2 points to a 4 handle. Not good for holders here and it is a speculative play here at best. Teekay Shipping (TOO) is down 1 and change probably in sympathy but no news there.

Insider buys at Buckeye Partners (BPL) which has been hit lately with no news. MLP index is unchanged as of this post time as energy stocks are a little higher. Oil is a lot higher up 6 dollars on another bullish inventory report...or for that matter any excuse they can find rallies oil. The dow is down 150 and off its low of the day.

Alliance Resource Partners (ARLP leads the way up 1. Constellation (CEP Atlas Resource (ATN Energy Transfer (ETP) up fractions. Most mlps showing small moves in one direction or the other.

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