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Monday, December 21, 2009

If you were wondering why the big selloff late Friday wonder no longer as the mlp was rebalanced as K-Sea (KSP) went out and Holly Partners (HEP) went in. Those distortions continue this morning as the index is unchanged but almost every mlp is up and many are up sharply this morning making back much of their Friday losses. All the major mlps are up strong fractions and some over a point including Oneok (OKS) Inergy (NRGP) and Suburban Propane (SPH). Looks like a good day ahead.

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