With the summer here i've been spending some time at the pool or as in today's case at the beach so blogging has been light. Developments today show a mixed picture and while the AMZ index was down nearly 2 points most of that was the ex-distributions of Kinder Morgan, Oneok LP and a few others. Still there were some winners today...Markwest was up 1 most of the day before closing up about 75 cents as it boosts its distribution nicely higher. Actually this news was out last night and fell through the cracks here. Since the stock offering a few weeks ago the price has gotten everything back and more.

Tonights news centers around Sunoco Logistics as it makes a purchase of pipelines and boosts its distribution. Magellan Midstream Partners did well today after earnings this morning. Duke Midstream Partners announces a nice distribution increase and Williams Partners (WPZ) also announced a payout increase.

So we seem to be moving right along here with interest rates trending lower on the 10 year and a market that is favoring MLPS again. Valero LP earnings are out Monday and if they are good and we get a distribution boost..we could propel over the 55 level very quickly. Also Copano is in breakout mode as we made another 52 week high today.