Good Morning

Friday morning and its a Friday in August so i'm expecting that what ever is going to happen will happen before 11am and then its done for the day; particularly since we have no news this morning on the corporate front and no upgrades or downgrades so barring some sort of news event, it should be quiet.

Two charts above for your enjoyment. Boardwalk Partners has been quite the performer since its IPO as it has climbed nearly 50%. Trying to find an entry point has been difficult but so far no sign of a top.

Meanwhile among the sadly performing GP's, Energy Transfer Equity has been a standout as it is actually trading above its offering price. On the chart it looks like we have been building a base for another up leg that could develope soon..perhaps in September. All in my never to be humble opinion of course. But if you are thinking about buying a GP vs a LP...i think this one is the best of the bunch right now.