Good Morning!
First off some news after the close last night from Buckeye Partners (BPL) which came out with earnings and another distribution increase. Numbers here look pretty good but the stock remains pressured until the IPO of the GP is done. And that IPO should be coming soon. Out with earnings this morning is Enterprise Products Partners (EPD) and they show a nice rise. The company had already upped its distribtuion last week. Nothing yet on the upgrade downgrade list but the morning is still young.

The MLP group has been doing pretty well with the backdrop of falling ten year rates, higher energy prices and at least so far good earnings and some hefty distribution increases. Seems like we're in the sweet spot here with some MLPS breaking out to new 52 week highs. Expecting the upside to continue today.