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Tuesday, December 02, 2008

Well i have to say that its encouraging that the market is moving higher today after yesterday. The day isn't over yet but we are at the highs of the day up 230 on the dow. The mlp index however is up less than a point which is discouraging but if gains continue to build we should catch up some this afternoon.

Magellan Midstream (MMP) and Magellan Holdings (MGG) are doing some governance changing , issuing rights etc...just in case some one comes along and buys 15% or more of the shares. I guess they think the low price might become attractive to someone. Both stocks are down fractionally today.

Most MLPS showing fractional gains.Tortoise Energy Infrastructure (TYG) and Kayne Anderson (KYN) are up 1 and change. Sunoco Logisitics is up 1.25. Markwest Energy (MWE) also up 1.

Martin Midstream Partners (MMLP) down 1 and some change stands as the biggest loser.


Bruce said...

My guess is that the BGH offer scared the hell out of MGG.


Createyourownjob said...

Any idea what the deal is with XTXI???

SHK said...

What about it? It's down 10 cents. That's hardly seems newsworthy.