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Wednesday, July 27, 2011

Even though the MLP index is down 5 points there are 2 notable winners today. Sunoco Logistics (SXL) is up 2 dollars as it blew away earnings and announced an acquisition. And Alliance Resource (ARLP) after a slow start is up 1 and change on its blowout quarter and payout hike.Crosstex (XTEX) Eagle Rock (EROC) Martin Midstream (MMLP) and Calumet (CLMT) are all up small fractions. Otherwise lots of losses of major fractions to 1 point across the rest of the MLP universe. Suburban Propane (SPH) TC Pipelines (TCLP) and Transmontaigne (TLP) are all down 1 or more as the days biggest losers.

On the debt ceiling charade, the speaker is getting tough with those revolting against the house bill. You have Paul Krugman crying over the lack of a centrist and calls Obama a "conservative" president. All fun and games in the debt ceiling charade!


Max said...

I have agree with John McCain's blast in today's paper: No thanks to Tea Party Republicans, the Dems are winning the debt ceiling PR war and if unchecked, will ultimately destroy any hope of a Republican win in 2012.

joewxman said...

its time to just get it done.