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Wednesday, August 09, 2006

Wednesday morning the day after the fed paused and stock futures are higher and so is the energy complex so we have that to start with today. First off some business from last night as we have earnings from Martin Midstream Partners (MMLP) which were higher from a year ago.

This morning we have earnings from Transmontaigne ..headlines have just hit..21 cents versus 13 cents...more and links to follow. Crosstex Energy (XTXI),(XTEX) are due out this morning at any moment and a conference call to follow at noon. Okay here are the Crosstex Earnings as they have just crossed. They have a one time mark to market charge for financial instruments..i assume thats doublespeak for hedges. Coverage of distribution was 1.02 times which was in line with guidance. Sometimes these things are hard to figure out.

Its an early post so i'll be blogging again when the news hits...also upgrades and downgrades; none so far but again its only 7am.

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