Up 75 ticks which gets back yesterday's loss but we are 1 point off the days highs. Crude oil was down 2 dollars early today..rallied up 2 and change and is now selling back to break even. Natural Gas is up nearly 50 cents however on the Hurricane Gustav threat. Certainly this hurricane will have some impact somewhere in the Gulf of Mexico so expect the markets to be volitile as weather news crosses and forecasts change and adjust.
Atlas Resource (ATN) and E V Partners (EVEP) lead the way up 1 and some change. Fractional gains in Buckeye (BPL)which is back over 42 and Williams (WPZ) which is trading over 29 bucks. Pretty long list of fractional gainers as well.
Losers are contained. Alliance Resource (ARLP) is down 70 cents as the biggest loser. Inergy Holdings (NRGP) is down 40 cents but not much volume there. Otherwise most losers today only off small fractions.
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SUGAR LAND, TX, Aug 15, 2008 (MARKET WIRE via COMTEX) -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Atlas Pipeline Mid-Continent LLC (Tulsa, Oklahoma), a business unit of Atlas Pipeline Partners LP (APL) (Moon Township, Pennsylvania), is planning to construct a natural gas processing plant near Bennington, Oklahoma. The proposed project will have an initial natural gas processing capacity of 200 million cubic feet per day and will produce more than 10,000 barrels per day of natural gas liquids.
Old news, but I have not seen this posted anywhere.
APL has been gettin smacked yo. No news, either. Anyone know what up with it? Wasn't the hedge removal supposed to be good? Dang...
Someone is exiting GP's today. They are the ultimate bottom trades. The charts are all flatlining.
Still an hour and a half for BPL to give back all of its gains for the day...we need some real buyers in here, not just day traders.
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