Good Morning.

You have to be in awe of Copano Energy (CPNO) earnings as they are firing on all cylanders and blew away estimates by 30 cents. Conference call this morning at 9am eastern time. I will attempt to blog it live as we look for the foward looking statements. The charts above show the stock has been a spectacular performer and the technicals look good for this rally to continue....imho of course.

Its fed day so everything waits for 2:15pm. My guess is they pause with a statement that says they are ready to tighten if inflation is a problem. I think the 10 year has peaked at 5.25 so MLPS have the wind at their backs. Stock futures a lilttle higher this morning with the crude complex a little lower.

We having earnings this morning just out on Williams Companies and those numbers look good.

Buckeye Partners recent IPO of its GP has been a disaster so far as the stock price was priced 2 dollars below its range of 19-21....opened below its pricing of 17 and was down nearly 1 yesterday to 15.30. I am not sure what is going on here but i am avoiding this one until the dust settles.