Mixed to higher in most MLPS....Sunoco Logistics (SXL) was down over 1 but has recovered (buy the rumour sell the news) to only down a fraction. Up nicely this morning is Magellan Midstream (MMP) after earnings and conference call yesterday. Hiland LP (HLND) up 50 cents on its 22% distribution boost to 60 cents/2.40 annual. Oil stocks up sharply but Nat gas stocks flat to lower this morning..Atlas America (ATLS) down 1 and change...was down 3 earlier.

I've noticed that sometimes it takes a day or so for MLPS to digest earnings and distribution announcements. Unless there is some earth shattering news they seem to take a day off to digest the earnings and then move higher the day after. Now that i've observed this you can be sure it will no longer work!