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Wednesday, December 31, 2008

THANK GOD!!! 2008 IS DONE



Good bye and good riddance in a year we all would rather forget and a year where MLPS took it on the chin...pretty much with everything else as the world came to an end. Late morning first post here as we watch the market come off some of the year end pressues and the dow is up 90 points right now. The mlp index is up nearly 2 points. I'm noticing some movement in the 10 dollar and under issues today. Not all of them are going up but 17 of the 22 mlps and gps under 10 dollars are up today. Maybe its early January effect.

Copano (CPNO) caught some bids yesterday and continues higher today back over 11. Exterran Partners (EXLP) also has move from 8 to 11 in the last couple of days and leads the winners list today up 90 cents. Alliance (ARLP) Oneok (OKS) and DCP Midstream (DPM) among the fractional winners today. Again not many losers and nothing on the list that stands out. If its year end nonsense that selling should disappear shortly.

I'll check back in later today as we are having some company and a prime rib roast for tonight. Never liked going out on New Years anyway. Prefer to stay at home and prepare a good meal rather than go out and eat a terrible overpriced one.

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