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Tuesday, June 07, 2011

INDEX DOWN BUT MLPS MIXED!



The tape is a little deceptive today as Enterprise Products Partners (EPD) is down about 80 cents and is acting as a big drag on the mlp index which is down about 50 cents as of this post. Most mlps are actually either flat or higher on the day with Alliance Resource (ARLP) Nustar (NS) Exterran (EXLP) and Williams Partners (WPZ) leading the leaders list all up 50 cents or better. EV Partners (EVEP) Oneok (OKS) and Buckeye (BPL) among the more noteable losers. Ferrellgas (FGP) is the biggest loser of the day down 1.80 on earnings which i guess were not to the liking of some. BTW Nustar (NS) may be up as the big boss has made some insider purchases at the market.

The dow is up 70 points right now with yields a little higher. Nat gas is flat at the moment and oil is down a little on crude, though energy stocks are higher on the day.

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