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Wednesday, February 16, 2011

MLPS are a little higher as the gains of the last 2 days get consolidated a bit. Alliance Resoure Partners (ARLP) is up about a point and at another all time high which it seems to hit almost daily. Cheasapeak Midstream (CHKM) Cheniere (LNG) and K-SEA (KSP) are moving by solid fractions higher. The latter 2 are showing nice percentage gains. No news on K-SEA. No significant news on LNG since last week.

On the downside Sunoco Logistics (SXL) is down a buck but that one is near 90 dollars a share these days. Alliance Holdings (AHGP) is down 50 cents and just off all time highs. Otherwise most of the losers are sheeding small fractions.

Oil prices spiked around midday on some middle east headlines. Iran is sending ships up the Red Sea to Syria. Brent crude hit 104 which is the highest price since October 2008. Crude West Texas is up 85 cents at 86 bucks. Nat gas was back at the lows this morning and has bounced off that now but its still down on the day.

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