We are solidly higher again this morning as the MLP index is up nearly 1 point and poised to attack 270. Plains All American (PAA) Sunoco Logisitcs (SXL) and LIN Energy (LINE) are strong fractional gainers. Penn Virginia (PVR) Boardwalk Partners (BWP) are also showing fractional gains.

Hiland Partners is down 1 and Martin Midstream is down fractionally but these guys trade on the thin side so a buy or two and suddely you could be unchanged.

LIN Energy (LIN) news last night of no new equity offering necessary and a 2.08 annual distribution rate for next quarter is driving the stock nicely higher. As viewed last night this one could run to 27-28 based on a 7% yield going foward.






I would also like to address Valero GP (VEH) and Atlas Holdings (AHG). We've seen nice moves in the underlying LP's in the last week but the GP's haven't done much. I know there are stock overhang issues regarding Valero LP and probably a few others in the group. But I would think that the GP's will eventually catch up in terms of performance.