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Tuesday, October 30, 2007

Off 1.50 points on the MLP index but off the lows and we continue to have some ex-distribution distortions. Nustar Holdings(NSH) is up 1.50 . Martin Midstream (MMLP) and Enbridge Energy Partners (EEP) are both up about 1 point. Crosstex (XTEX) Buckeye Holdings (BGH) Sunoco Logistics (SXL) and Atlas Resource (ATN) are up fractionally.

Hiland Partners(HLND) is down 2 but was up 3 yesterday and it is thinly traded. EV Partners (EVEP) is down about 1 point and so is Crosstex (XTXI). Linn Energy (LINE) Inergy Holdings (NRGP) Legacy (LGCY) and Oneok LP (OKS) down major fractions.

MLPs probably being dragged a bit by the selloff in big energy which is being driven by crude being down about 2 dollars. But the volume is low and the tape has the feel of maybe making a rally attempt in the last hour.

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