Good Friday morning!
Okay start this morinng with futures up and everyone has one eye on the exits for the holiday weekend. News this morning from Hiland Partners(HLND) as they announce an IPO for the GP which they just folded into the company a few months ago.

Nothing else is on the wire so far today and there are no upgrades or downgrades. Ten year is at 5.08% uo a couple of ticks on the yield this morning. So looks like a firm open and then we'll see if trading slows to a crawl after that.

Just an observation here but except for Crosstex (XTXI) and Energy Transfer Equity (ETE) the GP's have not done very well. Some like Magellan Holdings and recent IPO Alliance Resource Holdings (AHGP) are trading well below their IPO prices. And with more supply coming on like Atlas Pipeline, Buckeye, and a few others...there could be more pressure on prices of GP's. The exceptions will be the ones that have special circumstances with regards to their growth like Crosstex (XTXI) which just bought Barnett Shale and will be growing the dividend substantially over the next 2 years and Energy Transfer Equity(ETE) which is tide to the rapid growth of Energy Transfer Partners (ETP).