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Thursday, April 12, 2007

The MLP index has been up 1 and down 1 and is now down 50 cents.There has been some odd action as some MLPS saw the bottom fall out briefly...like Magellan Midstream (MMP) which dropped 2 plus points quickly and then cut the loss in half, all within a matter of minutes. Regency Partners (RGNC) did the same thing as it dropped under 25 briefly before recovering. Hiland and Global Partners on the other hand are leading the way higher after selling off the last few days. It looks like we're seeing rotational corrections in here which i think is bullish. Nustar (NS) is down 1 and change as it corrects from a big up move. Markwest (MWE) is down 88 cents. Duke Midstream (DPM) is alos down a major fraction.

K-Sea (KSP) is adding another 75 cents to yesterday's big gains. Crosstex (XTEX) and Copano (CPNO) are both fractionally higher.

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