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Wednesday, October 04, 2006

Crude Oil's bounce is done and after the inventory numbers its down 75 cents and under 58 bucks...and that has taken XOI stocks down another 12 points as we test last weeks 1021 low and Nat Gas continues to go the other way up 7 cents. The AMZ MLP index is down another 60 cents; falling 10 year rates probably keeping it from being much worse.

Crosstex Energy LP (XTEX) is a winner on the Key Banc/McDonald buy coverage. Crosstex (XTXI) is down on the Key Banc/McDonald hold coverage. Oneok LP is also higher and at another 52 week high. Lots of losers but mostly 40 cents or less..at least for now.

Will the XOI hold?

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