After hours news. LIN Energy (LINE) announces a priviate placement of equity and re-affirms that it will raise its distribution to 52 cents or 2.08 annual next quarter. Note that at today's price a 2.08 payout comes to a 9.04% annual rate. If the stock prices equals todays current yield of 7.80% gives you a stock price of about 27 dollars. The company also says it does not need to sell any more equity. I think this one goes higher. Btw as pointed out yesterday i am now long this stock.

Hiland Partners (HLND) and Hiland GP (HPGP) announce their distributions for the quarter and another increase for the LP. Also after the close another distribution increase for holders of Global Partners (GLP).

Another up close today as we near the breakout point of 270. We'll see what tomorrow brings.