PLAINS,LINN AND MARKWEST

ALL BOOST DISTRIBUTION

ITS THE DOG DAYS OF SUMMER FOR MY DOG!

CODY

Somehow i think he has the right attitude for a summertime Friday. Still we have some potential news to move some issues today. First off Plains All American came out a distribution boost. Linn Energy told us they would and now they have as they boost their distribution to 57 cents this quarter and they also remind us that they are going to 63 cents by the fourth quarter. Stock now yields 6.12% and probably has some upside to it. 40 bucks gives us a 5.7% yield which would be par for an mlp growing its distribution. Also raising its dstribution is Markwest Energy Unitholders should be happy across the board.

This morning oil is kissing 76 bucks and Natural gas is up 3 cents after yesterdays big rally and sits near 6.75. The 10 year is holding just above 5%. So we have a decent backdrop and with everybody selling Google this morning (down 40 bucks in the pre-market) we can quietly go about our business! The MLP index is sitting just under an alltime high close as it has been consolidating around 340.

Hurricane season doesn't really get going until August usually and right now it remains quiet although there is disturbed weather just north of the islands. Based on what is going on atmospherically; even if this developes into something i don't believe this would head into the Gulf of Mexico.