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Monday, June 01, 2009

A few sellers have arrived. Keep an eye on DCP Midstream as it hit 20 intraday and is now down 50 cents and is one of the few losers. Plains All American (PAA) has also turned lower on the day. Otherwise not much has changed other than mlps have come off the day's best levels. It could also could be just some intraday profit taking only to close on a ramp up in the last 30 minutes.

We'll know soon enough. The rally in prices makes you wonder whether some MLPS might take advantage of the run up to sell equity as some have already done and rather successfully.

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