Good Morning...its Friday...horray.

By the way hello to all you Moneyblog readers who have joined us here. We welcome you and please share your thoughts in the comments section at any time.

Interesting morning with the huge deal as Anandarko buying Western Gas and Kerr McGee at huge premiums to yesterday's close. I mention this because sometimes these deals can put a bid underneath the group so we'll know shortly if thats the case. In corporate news last night Inergy LP priced its offering at 24.90 per share which is where we're trading in the pre-market action.

Nothing going on in the upgrade downgrade department so far. Crosstex (XTXI) has some stock to buy in the pre-market above yesterday's 89.30 close. Otherwise no pre-market action.

Meanwhile we have the Markwest Energy saga....lovely chart iabove sn't it! This from a company that has increased its distribution 5 cents in the last quarter; beat earnings estimates and is likely to raise the distribution again. Problem here is that the company has a hideous communication problem with its shareholders. We learned of a pipe extention from an Enbridge Energy release. Now this may not be a big deal but you know what...it might be nice if they would just tell us so. Then there is the pending offering of 3 million shares which the company announced they were going to do once they got their filings done with the SEC...in fact those filings were released a few days ago. What is taking so long??? You could of course call the company and try to talk to invester relations. But i'm still waiting for a call back from one i placed 3 months ago to answer a simple question. Let me just point out that the stock chart says you have a credibility issue here. How about some better communication with your shareholders?

Food for thought.