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Thursday, January 04, 2007

Sorry for the lack of posts today but i've been running around taking care of a legal mess i'm in. No matter as MLPS continue to see pressure from anything energy. Oil down 2.73 to 55.59 as warm weather pressures continue. Meanwhile the MLP index is down 1.60 with corrections going on in some of the bigger winners. Lin Energy trading under 30 which for me was a gift as i back the truck up in here. Valero GP (VEH) at one point was down 2 points...now down less than 1. Fractional losses on many issues. TC Pipelines is a fractional winner today as well as Holly Partners (HEP) and Crosstex (XTXI).

Once this energy pressure comes off...i think MLPS should head back to new highs as 10 year rates hold or fall from here. But corrections are always difficult to get through.

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