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Monday, November 03, 2008

The mlp index is up fractionally as the markets tug back and forth from the flat line this morning.

The damage in Crosstex LP (XTEX) continues as its down another 2.70 and nears 10 dollars a share. And Crosstex (XTXI) is down another dollar at just above 9. Markwest (MWE) is down 1.49. No news there. Atlas Energy Resources (ATN) is down fractionally after being up big on Friday. They reported record earnings this morning. Magellan Midstream (MMP) is up 34 cents on its earnings this morning.

Some MLPS have recovered nicely from the abyss of a few weeks ago. Martin Midstream(MMLP) is back to near 26 and up 1 on the day. Buckeye Partners (BPL) is up 1 and over 41 dollars.

Exterran Partners (EXLP)...and i have called it excrement partners because its just too easy is up 1 and some change and back over 16! Other winners include Transmontaigne up over 1. Atlas Pipeline Holdings (AHD) up 70 cents. And we have a host of issues showing fractional gains.

3 comments:

Anonymous said...

One reason MWE (which I own) may be under continued pressure is that Barclays/Lehman has identified MWE as being a possible--though not necessarily likely-- candidate for a distribution cut.

Bruce

Anonymous said...

Bruce, can you attach a link to that report?

Thx.

Anonymous said...

Here it is:

http://www1.investorvillage.com/smbd.asp?mb=5028&mn=3600&pt=msg&mid=6023028

Bruce