NEW ALL TIME HIGHS SO

LET THE DISTRIBUTION INCREASES ROLL!

Its Monday morning boys and girls and we begin with 2 good looking charts and MLPs at new all time highs as measured by the AMZ MLP index. Both charts have broken out again and i think we will head to 370-400 on this new upleg.


Leftover last Friday but it kicks off what should be a series of solid distribution increases Calumet Specialty Products ups its distribution by 3 cents or 5%. Calumet has been lagging other MLPs in the last quarter but this happens as they seem to rotate ouot of some mlps and move into others. RBC Capital Markets keeps Energy Transfer Partners (ETP) at a buy but lowers its price target by a dollar from 64 to 63.

The energy complex is mixed this morning with crude flat to slightly lower. Natural gas is down 21 cents this morning which means i may get another shot here assuming the 6.40 level holds on this retest. Friday's rally made me 3 for 3 in my nat gas trades. I may shoot for 4!

Eagle Rock (EROC) has some sad news this morning regarding its CFO who was injured in an accident. Its not a good thing to hear news like this and we wish him a quick and speedy recovery. Whether it has impact on the stock price it should be temporary if any at all.