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Wednesday, April 26, 2006

Selloff in the oil group as the XOI is down 26 points and some of that selling has spread into the MLPS. Crosstex (XTXI) went from being + 1.34 to being -1 and change in about a 40 minute stretch on no news. Certainly not for the faint of heart but no volume...all on 100 share sales. Copano is also down 1 and change and there are some sizeable fractional losses in Hiland LP, Energy Transfer Equsity is down 50 cents...Markwest is still down but off its lows.

The winners from earlier, Valero LP and Sunoco Logistics (52 week high) are still up but off their highs. Lets see what the last 30 minutes brings.

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