THE WEEK THAT

JUST WON'T END!

I wish it were Friday. These last 2 days have seemed like a lifetime. But we're at halfway day so lets see whats on the plate this morning. We had Eagle Rock (EROC) do a deal with Kayne Anderson. In this enviornment that they can do a deal at all is a positive. And as the market rally MLPS came back from well off their lows from -13 to -4 which is a pretty good run. Couldn't get over the flat line but I would suspect they will catch up this morning as they do tend to lag. Also crude and nat gas are rallying this morning and i think what you saw in the energy complex selling the last few days was related to forced selling especially by the liquidation of Lehman.

Please note if you missed it yesterday as I spoke to Tonya R. Cultice Director, Investor Relations for Constellation Energy Partners LLC who got back to me and here are some answers.Constellation Energy Partners (CEP) has no counterparty risk to Lehman.The company has recommended the distribution to the board as indicated on the last quarter earnings press release and nothing has changed on that regard. The distribution announcement will come sometime in late October.No news yet on what if anything Constellation Energy (CEG) will do with their stake in CEP.

Speaking of CEG the wagons were being surrounded yesterday by short sellers as that stock went from 45 to 14 in a matter of minutes thanks to having to pay up to insure their bonds. Stock came back to 33 down 14 on the day. One of the uncertainties for CEP is what happens to CEG's stake in CEP. I.R. indicated that CEP will do what is in the best interests of their unit holders in this regard as they work with CEG. (I hope you were able to follow this).

Western Gas (WES) gets a buy recommendation from Stanford Research this morning. Stock futures are a little weaker this morning but not imploding. Another day on the roller coaster looks like a pretty good bet.