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Thursday, November 19, 2009

Exterran Partners (EXLP) is up 40 cents and leads a short list of winners today as the mlp index is down 2 points with the dow down about 140. While most mlps are lower they are only frationally so and there are no 1 point plus losers as of this post. The only exception is DCP Midstream (DPM) which is doing a stock offerning. The market may be down but there appears to be no sense of urgency here. Just more of the same 2 up 1 down. Crude is down 2 dollars and nat gas is off a penny after inventory numbers for nat gas continue to move along in bearish fashion.

MLPS continue to hold up well in these selloffs. Lets see if buyers show up after 2pm, BTW for you nat gas lovers the makers of the UNG contract which continues to whither in the world of cantango is issuing a new ETF which is trading that tries a different approach. Thanks to Max for the heads up. The question is will it work?

2 comments:

Unknown said...

flyonthewall.com reports that ETP tried to buy MWE and XTEX and has a bid out on CPNO

Real or not?

joewxman said...

Could be why copano is up 28 cents.