Good Thursday Morning!!!

Okay its back to blogging normality this morning and we'll review some of last night late developements. Oneok LP reports good earnings and re-affirms guidance. This MLP is optimistic for the future which is a good thing. And this from Teppco from Tuesday night where it issued earnings and announced a joint venture with Enterprise Products Partners. Market liked the news yesterday and sent the stock higher.

This morning tropical storm Chris has weakened overnight thanks to northwesterly shear which in english are strong winds from the northwest at high levels of the atmosphere which resulting in the cloud tops of the developing thunderstorms getting ripped away...sort of like blowing on a mountain of whip cream. If this continues Chris could disappear. If you look closely at this loop while it looks like the bright white clouds are moving south...there is a low level swirl detatched from those clouds north of Puerto Rico and its moving west. Bottom line is this could take the buying pressure off Nat Gas.

This is also the last day of the extreme heat in the northeast as some relief is coming for Friday and the weekend. And even cooler air could be coming later next week.

No upgrades or downgrades so far this morning. Stock futures are lower before the open. So we wait to see if the 10 year yueld continues to fall which has been pushing MLPS higher for the last couple of weeks. Ex distributions this morning include Atlas Pipeline Partners, Valero LP, Markwest Energy, and Regency Partners among others