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Tuesday, July 14, 2009

RALLY MODE!




Sorry for no posts yesterday as i was in the middle of 2 jobs..picking up a car and everything was all over creation. So let me catch up by saying that there were no big corporate developements. MLPS spent the day with other energy stocks closing higher but lagging everything else. But today energy seems to be movning up as crude is back over 61 and even (gasp) nat gas is up this morning (for now) so while it may be on its way to zero (free nat gas for all) it will not do it in a straight line. (Please read with sarcasm. Im long the stuff!).



Corporate developements this morning as Western Gas (WES) is buying up assets from Anadarko and its a 100 million dollar deal so its no small potatoes.


So we are rolling along with stock futures gaining strength this morning ahead of Goldman numbers. The entire energy complex is rallying in here. Nothing on the upgrade downgrade list. I just gave nat gas a look and it seems to be building a head of steam in here. The tropics remain dead which is pretty normal for mid July. Meanwhile i just want to point out that here in the NYC area we are experiencing the coldest July on record. We've been barely making it into the 80s let alone trying to get to 90. But of course the global warming Al Gore worshippers will tell you that things would be worse if it wern't for the warming! Lovely. They are always right.

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