Quantcast MLPS Holding Up Well In Energy Sell Off...Oil Down Again...Nat Gas Higher!
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MLPS Holding Up Well In Energy Sell Off...Oil Down Again...Nat Gas Higher!

Posted on 01/05/2007 06:25:12 | Link | Post Comment
       Good Thursday morning to all after a first day of trading where most things energy were chucked out the window. MLPS while down did hold up well in the face of the energy selloff which will probably continue to some degree at the open today.         In the news this morning Natural Resource Partners closes its deal with Cline Energy and gets the rights to buy another 3 billion tons in coal reserves. The company also issues 3 million shares (non dilutive) and half a million class B shares to Cline. No other news on the corporate side this morning and so far no upgrades or downgrades.          Crude oil continues to take gas as it is down another 60 cents this morning. Natural gas has found a floor at least for now and is higher. It sold off yesterday but not as hard as crude which dropped nearly 3 bucks! The 10 year is down one basis point this morning at 4.65%.           There really isn't too much else going on this morning. So far my speculative coal gamble is a bust as the coal stocks got hit very hard but i took an options dice roll with a limited amount of risk involved...and it ain't over until the 3rd Friday in January.
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