EV PARTNERS BUYS ASSETS AND PRE-ANNOUNCES (AGAIN!)

DUKE MIDSTREAM ALSO SHOPS AND BUYS ASSETS (AGAIN!)

MLPS SET TO MAKE NEW ALL TIME HIGHS (AGAIN!)

We begin this morning with EV Partners (EVEP) which is buying new assets and it will be pre-announcing a distribution increase for the second quarter of 2007! They have in the past pre-announced its quarter 1 distribution increase from its current already pre-announced q1 distribution of 46 cents which is 6 cents higher that the 2006 q4 distribution of 40 cents! If you follow all that the stock should trade higher today. The company did not say what the new increase will be.

Also on a shopping spree this morning is Duke Midstream (DPM) which is buying assets from Andarko Petroleum.

The company is not as specific with what the implications are. We have this quote.

"We are very pleased to add these assets to our portfolio and to continue to deliver stable and consistent growth to our unitholders

Now i assume translated means that the assets will be accretive to earnings and that will mean distributions will continue to grow down the road. I'll be hoping to hear more about this and will post when or if i get any info.

Okay so this morning we have very strong stock futures as Asia rallied big. S&P futures are up 10 points this morning. Energy futures are flat for the most part. No upgrades or downgrades this morning in the group. MLPS traded in a tight range yesterday finishing slightly lower as the last hour sell-off took hold on most issues. Still we are in striking range of new all time highs yet again and if we have a strong day...MLPS should take the lead.