Thursday, October 20, 2005
Good Morning
Lets start with Kinder Morgan Partners which beat estimates by 4 cents...raised its distribution by a penny and said its outllook was good. It was able to have a great quarter in spite of 2 major hurricanes. This and Energy Transfer's raising guidance yesterday i think bode quite well for the group.
Also yesterday Atlas Pipeline Partners building a new nat gas plant. Still waiting for a distribution announcement.
Crosstex Energy (XTEX) is raising its distribution by 2 cents to .49 from .47. and on XTXI to .46 from .43...great news there!
Wilma still in the northwest carribbean and off its peak intensity. Also of importance is that cold canadian air will be spreading across the eastern third of the US over the weekend...driving temperatures lower east of the Mississippi...a reminder that winter is coming.
Crude is down a bit this morning; nat gas numbers out later this morning.
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MMP increases dist. from 1.99 to 2.125 (6.78% increase over prev. quarter).
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