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Thursday, April 17, 2008

Doesn't look like they're saying much at the Linn Anal-ist meeting today. The stock is down 1 dollar at this point on nearly 400k of volume. Not sure whats going on...if anything. Maybe it is buy the rumour sell the news trading. I'm not sure. Maybe its a prospect of no distribution increase...which if that is the case...makes this dead money until next quarter. Constellation (CEP) is in the same boat and thats why its stuck in the mid 18's with a 12%+ yield.

The mlp index is down about 24 cents so far...had been up about 1 point earlier. Looks like consolidation and Kinder Morgan (KMP) is goosing the index by 62 cents to the upside. Atlas Resource (ATN) is down 1 as it corrects from its big run-up. Fractional losers include Alliance Resource (ARLP) DCP Midstream (DPM),Energy Transfer Equity (ETE), Teekay LNG (TGP) among others.

Martin Midstream (MMLP) is a fractional winner, Holly Partners (HEP) Buckeye (BPL), Teppco (TPP) and Williams (WPZ).

Beautiful day here in NYC...70s today with sunshine.

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