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Friday, October 31, 2008

MLPS have turned higher as we follow the dow which is now up nearly 200 points.

Atlas Energy Resources (ATN) leads the winners list up 1 and change. News out at 12:57 on Marcellus Shale production which apparently going well. Buckeye (BPL) Alliance Resource (ARLP) and Inergy Holdings (NRGP) showing 1 point gains.

Both Crosstex (XTEX,XTXI) are down nearly 3 points each on the payout cuts. Hiland (HLND) is down 2 but no news there and they are ex-distribution today. Fractional losses in Eagle Rock (EROC) Hiland Holdings (HPGP) Linn Energy (LINE) and Atlas Pipeline (APL).

Dow up 224 and MLPS up 1 and change now.

1 comment:

Anonymous said...

The Company has drilled in southwestern Pennsylvania all but one of its Marcellus wells, and, as a result, has delineated most of this acreage. Atlas estimates that the potential net recoverable reserves attributable to its southwestern Pennsylvania acreage alone are between 4 and 6 trillion cubic feet. Atlas has achieved relatively consistent results throughout its focus acreage and all of its current production is pipeline quality gas that does not need to be treated. Through its affiliate, Atlas Pipeline Partners, L.P. (NYSE:APL), Atlas controls a gathering system capable of delivering 120 Mmcf per day into four different interstate pipelines and plans to more than double this gathering capacity by the end of 2009.