Good Morning.

Its post election day. I tried to find anything that was written about the election impact on MLPS...and found nothing. If anyone does find something please either post the link in the comment section or email it to me and i will post it. We have earnings news this morning on Crosstex Energy (XTEX,XTXI) and this one is always a bit hard to read with its recent purchase of Chieftan etc etc etc. Some pre-market trading in XTXI down 25 cents on 600 shares...which may or may not mean anything.



Meanwhile we have Goldman making moves this morning on 2 mlps....TC Pipelines (TCLP) has been on the sell list has beeen upgraded to neutral. Teppco (TPP) on the other hand has been cut to a sell which you don't see to often.



In the energy markets crude is higher...stock futures lower...the 10 year yield is down 1 basis point to 4.64%. So i guess the election news plays itself through today which to me looks almost like a non-event. The oil proposition in California went down which proves that people in California can get it right sometimes! Lets work through the opening noise and go from there.