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Wednesday, June 07, 2006

Well after a tepid open with a little weakness we've managed to gain some traction. MLPS are mixed to higher for the most part. Looks like the ones that were up yesterday are soft today and versa visa ( or should i say visa versa). Penn Virgina and Boardwalk Partners are up fractionally...while most others are hugging near or just above the flat line.

Fractional losers today in Oneok LP, Plains All American and several others including Crosstex. And speaking of these three imho if you are looking to established long positions this may be a good place for these 3. Crosstex LP ran to nearly 38 yesterday and a pullback here to 35.50-36 area looks like a good place to go long. Oneok LP also i believe giving you an opportunity here. I still think Regency Partners has the chart on the verge of a breakout....all imho of course!

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