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Monday, July 07, 2008

Energy taking gas now as Oil is down nearly 6 dollars. Natural gas is down over 60 cents. The overall market is a little higher but financials are weak so my guess is more selling is coming after they get back from lunch. The mlp index is down nearly 2 points and near 271. The winners list is fairly short. Atlas Pipeline Partners (APL) Calumet (CLMT) Dorchester (DMLP) and K Sea Partners (KSP) among the few winners with fractional gains.

Losers include Constellation (CEP) and EV Partners (EVEP) which are down 1 or more. Just about every other MLP is down fractions to 1 point.

Looking for the energy stocks to really get nailed this afternoon unless we see an oil comeback. Dow just turned negative.

2 comments:

Anonymous said...

Alot of MLP's trading at 2004 prices...

Glory!

Anonymous said...

A slew of MLP's making 52 week low prints today.