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Monday, August 11, 2008

The index was up over 3 points and then came the crude oil sell off which sold off big energy which is now impacting MLPS. The index is still up but now by 1 point or so. Not exactly encouraging. Kinder Morgan (KMP) was up 2 points but has cut that gain in half and is the big winner today.

Constellation Energy Partners (CEP) is down 1 on the downgrade by Citigroup. Hiland (HLND) is down 1. So is DCP Midstream (DPM). Dorcester Minerals, Natural Resource, Alliance Resource (ARLP) all taking about 1 point of gas.

Dow is rallying but its out of energy and into what wasn't working before like financials. Blah Blah Blah.

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