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Wednesday, April 18, 2007

The MLP index opened lower down near 325 and is now higher at 326 and in new all time high territory. North American Energy Partners (NOA) is up nearly 1 point. It is a relatively new LP and has done much so far but today it leads. Markwest Hydrocarbon (MWP) is also up 1 point. Mostly small fractional moves in the rest of the winners list.

Calumet LP (CLMT) is down 2 and change as the biggest loser but this one has been a stellar performer. No news so it may just be profit taking. Suburban Propane is down 64 cents. The coal lp's and gp's are down as coal stocks are selling off hard today. Alliance LP (ARLP) and Penn Virginia Resources (PVR) showing fractional losses.

Heading for lunch. Overall market is firming so i expect another rally and another all time high close this afternoon.

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