Some breaking news as we have earnings on Nustar (NS) which were very good and a hefty distribution increase for unit holders. And of course what is good for Nustar is also good for Nustar Holdings. Also Wachovia is upping Legacy Reserves (LGCY) to outperform from market perform. Magellan Midstream is investing money to expand one of its pipelines.

Natural gas up nearly 4% to 6.42 this morning. Should mean a nice up open for the UNG.