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Friday, May 23, 2008

Sell off going into the weekend in all equities. Dow is down 115 pts. Big Energy (XOI )is down 22 points or 1.5%. Big Energy Gas (XNG) is down over 2%. And the MLP index is down 2 points or .67% ish. But the DUG's are up nicely...nearly 1 point now at 28.40 and they effectively hedge your MLPS if the decline gets a little rough.

No news on Exterran Partners (EXLP) but for some reason its up nearly 2 dollars today. Maybe they said something that somebody liked yesterday at the MLP conference. Constellation Energy Partners (CEP) is up 44 cents as another among the few winners today.

Alliance Resource Partners (ARLP), Natural Resource (NRP) Atlas Energy Resource (ATN) and Calumet (CLMT) all down 1 or more on the long losers list today.

Crude still up 1 and change right now and off the highs but the energy equities are selling off hard so they may be signaling (finally) a short term top but i hesitate given the bullishness in crude that shows up on every small pullback.

1 comment:

Anonymous said...

AMZ only down about 10 pts in 2 days...Glory!