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Thursday, October 12, 2006

Lunchtime on Wall Street and MLPS are moving right along and nicely higher. The MLP index is up nearly 1 at 257 and change. We have nice gains in Atlas Pipeline Partners (APL) and Natural Resource Partners (NRP) which are both up nearly 1 apiece; Atlas is benefiting from Citigroups buy recommendation. Also up nice fractions are Magellan Midstream Partners (MMP) and Valero LP (VLI).

Ferrellgas (FGP) is down on its news of record earnings and a stock offering. Also Crosstex LP (XTEX) is down about 40 cents...no news there.

XOI up 14 points...XNG up nearly 5. I guess the perception is that energy companies will still make tons of money even if oil is under 60 bucks. I can't figure out the logic in the nat gas as it is selling off today but the stocks are higher...unless its saying pretty much the same thing with regards to nat gas.

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