MLPS have been heading higher as the overall market remains lower. The index is touching 281 right now and the outperformance continues on a relative basis. Inergy Holdings (NRGP) is up 1,03 and is at an all time high. Sunoco Logistics (SXL) is up 55 cents and is also at an all time higher. Some of the beaten down mlps like Crosstex (XTEX) and Atlas Pipeline (APL) are up strong on a percentage basis. Almost looks like the January effect coming early in here.
Some fractional losers but nothing that gets the heart racing in panic. Nat gas is very strong and adding additional support here. The dollar is ripping higher on the euro and the dow is now at the lows of the day down about 130.
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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2 comments:
Joe,
You recently said you were trading XTEX. I see it is up again when everything else is down. Own it myself but wondering what has been driving the price besides the sale of some assets??
Ron
I think there is alot of year end trading going on in these single digit mlps and they should have a tailwind until year end. That plus the rally in nat gas prices doesnt hurt!
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