Its the day after Kinder Morgan Partners earnings and we have a Stifel Nicolaus downgrade of both KMP and Kinder Morgan Management (KMR) from buy to hold. Not sure if this will be a big deal when some of these smaller not well known houses does a ratings change but we put it out there for you anyway. We have some corporate news on Energy Transfer Partners (ETP) as the company priced some senior notes....800 million worth. No news link available yet but i will provide one when it comes. Still no earnings here and they are usually the first one out of the gate with numbers. Last night we had Copano (CPNO) doing another big distribution increase and they are now at 3 dollars annual payout going foward. My guess is given the stocks recent sawtooth move from 51 to 57 bucks the increase is priced in.
No other news this morning so we key on the MLP index chart
The daily here is in upside mode and taking a look at the weekly chart
the assault on 270 is underway and if we break through we could be on a new multi-month upleg that will take us perhaps to 300?
joseph cioffi's Source Page - Associated Content
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