While the MLP index is down .50 and off the lows its being dragged by the Enterprise Products Partners (EPD) offering. Most mlps are up major fractions. Alliance Resource Partners (ARLP) is up 1.50 as today's big winner. And we have a number of MLPS up major fractions like Sunoco Logistics (SXL) Natural Resource Partners (NRP) Martin Midstream (MMLP) and Alliance Holdings (AHGP).
On the losing side, outside of Enterprise, Inergy LP (NRGY) Boardwalk (BWP) and Buckeye (BPL) are down small fractions. Most other mlps are moving in small fractions from the unchanged level.
Natural gas took off around 11am this morning moving with the overall market which is up 240 on the dow industrials. Crude is up 2 dollars after inventory numbers and the government saying no offshore drilling off Florida for the next 7 years. Markets are strong overall. Yields are rising as we're sitting at 4.20 on the 30 year up 8 basis points from yesterday.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment