DISTRIBUTION INCREASES

FOR ENERGY TRANSFER

Yesterday's last hour selloff in the MLP group took the index to the lows of the day but the group outperforms the rest of the market yesterday so this morning we start the morning with higher crude prices but also a higher 10 year which has crept back up to 5.17%. 5.25% remains the magic pivit point imho so watch those rates carefully as the bond market continues to be the tail that is wagging this dog.

This morning Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE) holders have reason to celebrate as they will be getting distribution increases Energy Transfer Partners goes to 3.225 from 3.15 and Equity goes to 1.49 from 1.42 annual. Both stocks have been among the better performers in the group.


Hard to argue with these charts which show uptrends pretty much intact here.

Energy Prices are higher this morning as they rebound from yesterday's selloff. Stock futures are a little weaker this morning as the 10 year rate is trading at 5.17% this morning. No other corporate headlines and no upgrades or downgrades so far.