TRANSMONTAIGNE PRE-ANNOUNCES DISTRIBUTION GROWTH
MLP RALLY YESTERDAYON FALLING 10 YEAR
WHERE TO FROM HERE?

Lets begin with the top headline as TransMontaigne (TLP) (I JUST LOVE THAT NAME!) pre-announces significant distribution growth...a 7 cent increase in q1 and another 3 coming down the road. The stock closed up 1 and change yesterday.

Nice looking chart as we broke out of a long base. So at yeserdays close the stock yields 5.6% which means the market has placed a premium on this when with respect to the rest of the group. It also means that this one is growing its distribution among the fastest in the group. Higher prices ahead imho.

Martin Midstream (MMLP) came out with very good earnings and a very good outlook yesterday. Later in the day Raymond James raised the stock to a strong buy from buy and the stock was also a big winner yeserday up over 1 1/2. That trip down to 27 last quarter proved to be an excellent entry point. That's when the quarter was not so good plus a stock sale. In hindsight it was a gift entry point..up 25 % in 6 months plus distribution. Probably more upside on this one too.

This morning no corporate news on the board...Goldman has restarted coverage on TC Pipelines (TCLP) at a neutral.

Yesterday's market bounce should have seen some money come out of MLPS and the General Partners but i think this did not happen because the 10 year actually rallied and the yield fell to 4.51% on weak economic numbers. So yield compression continues and i think that means that the MLP rally continues. We're less than a point from all time highs on the index. Crude and nat gas are up a bit this morning...s&p futures are down a couple of points in the pre-open.