Its a battle between a lower stock market and higher energy and like yesterday MLPS were up but they are getting pulled back to the flat line with the dow down 145 as of this posting and nearing the lows of the day.
Targa Resources (NGLS) as many of you have pointed out was hit hard this morning by somebody but the loss is cut to 30 cents right now. EV Partners (EVEP) and Penn Virginia Holdings (PVG) are down major fractions as the 2 biggest losers.
Buckeye Holdings (BGH) is actually up a few pennies inspite of the Merrill downgrade. Holly (HEP) Alliance (ARLP) and Natural Resource (ARLP) showing 1 point-ish gains. Eagle Rock (EROC) up 30 cents right now on getting its credit line expanded.
Well its better than being clobbered.
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At some point (I have no idea when) the MLPs will just be "sold out" and at worst we'll just drift sideways.
SGLP is having a conference call after the close tomorrow. For those that are interested you can login to the call via the firm's website.
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